EnLink Midstream Partners LP (NYSE:ENLK) : 3 brokerage houses believe that EnLink Midstream Partners LP (NYSE:ENLK) is a Strong Buy at current levels. 2 Analyst considers the fundamentals to be worthy of a Buy recommendation. 8 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on EnLink Midstream Partners LP (NYSE:ENLK). Zacks Investment Research suggests a Sell with a rank of 4. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 14 Wall Street Analysts endorse the stock as a Hold with a rating of 2.54.
EnLink Midstream Partners LP (NYSE:ENLK) : The highest level EnLink Midstream Partners LP (NYSE:ENLK) is projected to reach is $19 for the short term and the lowest estimate is at $11. The consolidated price target from 10 rating analysts who initiate coverage on the stock is $15.8 and the possibility the share price can swing is $2.44.
For the current week, the company shares have a recommendation consensus of Buy.
EnLink Midstream Partners LP (NYSE:ENLK): stock turned positive on Tuesday. Though the stock opened at $15.78, the bulls momentum made the stock top out at $16.25 level for the day. The stock recorded a low of $15.59 and closed the trading day at $16.25, in the green by 5.86%. The total traded volume for the day was 719,780. The stock had closed at $15.35 in the previous days trading.
In an insider trading activity, The Securities and Exchange Commission has divulged that Golemon Stan, officer (Senior Vice President) of Enlink Midstream Partners, Lp, had unloaded 19,793 shares at an average price of $23.4 in a transaction dated on June 8, 2015. The total value of the transaction was worth $463,156.
EnLink Midstream Partners, LP, formerly Crosstex Energy, L.P., focuses on providing midstream energy services, including gathering, transmission, processing, fractionation and marketing, to producers of natural gas, natural gas liquids (NGL), crude oil and condensate. The Company also provides crude oil, condensate and brine disposal services to producers. The Company owns and operates around 360 miles of gas gathering pipelines, approximately 300 Million Cubic Feet per Day (MMcf/d) of processing capacity, as well as crude trucking and logistics services extending through seven counties in the core of the Midland Basin. EnLink Midstream operates approximately 9,100 miles of gathering and transportation pipelines, 16 processing plants, seven fractionators, as well as barge and rail terminals, product storage facilities, brine disposal wells, truck terminals and a fleet of approximately 100 trucks.