EnLink Midstream Partners Gets a Hold Rating from Jefferies

By Austin Angelo

Jefferies analyst Christopher Sighinolfi reiterated a Hold rating on EnLink Midstream Partners (NYSE: ENLK) today and set a price target of $15. The company’s shares closed yesterday at $13.84.

According to TipRanks.com, Sighinolfi is a 5-star analyst with an average return of 11.0% and a 65.1% success rate. Sighinolfi covers the Basic Materials sector, focusing on stocks such as Dcp Midstream Partners Lp, National Fuel Gas Company, and Spectra Energy Partners.

Currently, the analyst consensus on EnLink Midstream Partners is Moderate Buy and the average price target is $16, representing a 15.6% upside.

In a report issued on April 16, Guggenheim also reiterated a Hold rating on the stock with a $16 price target.

Based on EnLink Midstream Partners’ latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $1.76 billion and quarterly net profit of $36.3 million. In comparison, last year the company earned revenue of $1.32 billion and had a GAAP net loss of $9.3 million.

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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.