Stifel Nicolaus Downgrades EnLink Midstream Partners (ENLK) to Hold

By Jason Carr

In a report released today, Timothy Howard from Stifel Nicolaus downgraded EnLink Midstream Partners (ENLKResearch Report) to Hold, with a price target of $14. The company’s shares closed yesterday at $14.31.

According to TipRanks.com, Howard has 0 stars on 0-5 star ranking scale with an average return of -10.9% and a 24.0% success rate. Howard covers the Basic Materials sector, focusing on stocks such as Antero Midstream Partners, EQT GP Holdings LP, and EQT Midstream.

EnLink Midstream Partners has an analyst consensus of Hold, with a price target consensus of $18.14, representing a 26.8% upside. In a report issued on November 2, Morgan Stanley also maintained a Hold rating on the stock with a $20 price target.

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The company has a one-year high of $19.69 and a one-year low of $12.75. Currently, EnLink Midstream Partners has an average volume of 1.29M.

Based on the recent corporate insider activity of 60 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ENLK in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.