EnLink Midstream Partners (ENLK) Gets a Hold Rating from Barclays

By Jason Carr

Barclays analyst Christine Cho maintained a Hold rating on EnLink Midstream Partners (NYSE: ENLK) today and set a price target of $19. The company’s shares closed yesterday at $18.32, close to its 52-week high of $18.90.

According to TipRanks.com, Cho is a 2-star analyst with an average return of 0.3% and a 46.7% success rate. Cho covers the Basic Materials sector, focusing on stocks such as Cheniere Energy Partners LP Holdings LLC, Enterprise Products Partners LP, and Cheniere Energy Partners LP.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for EnLink Midstream Partners with a $18.20 average price target.

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EnLink Midstream Partners’ market cap is currently $6.42B and has a P/E ratio of 59.10. The company has a Price to Book ratio of 2.47.

Based on the recent corporate insider activity of 58 insiders, corporate insider sentiment is negative on the stock.

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EnLink Midstream Partners LP provides integrated midstream services across natural gas, crude oil, condensate, and NGL commodities. It focuses on gathering, transmission, processing, fractionation, storage, condensate stabilization, brine services and marketing, to producers of natural gas, NGLs, crude oil and condensate.