EnLink Midstream Partners LP (ENLK) Shares are Down -1.45%

EnLink Midstream Partners LP (ENLK) : During the past 4 weeks, traders have been relatively bearish on EnLink Midstream Partners LP (ENLK), hence the stock is down -5.8% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.51% relative to the S&P 500. The 4-week change in the price of the stock is -4.82% and the stock has fallen -1.45% in the past 1 week.

The stock has recorded a 20-day Moving Average of 1.34% and the 50-Day Moving Average is 2.82%. EnLink Midstream Partners LP (NYSE:ENLK): On Fridays trading session , Opening price of the stock was $17.23 with an intraday high of $17.4. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $16.96. However, the stock managed to close at $16.97, a loss of 0.59% for the day. On the previous day, the stock had closed at $17.07. The total traded volume of the day was 821,282 shares.


The company Insiders own 0.17% of EnLink Midstream Partners LP shares according to the proxy statements. Institutional Investors own 36.25% of EnLink Midstream Partners LP shares. Also, In the latest statement by the brokerage house, Jefferies maintains its outlook on EnLink Midstream Partners LP (NYSE:ENLK). The current rating of the shares is Hold, according to the research report released by the firm. The brokerage firm raises the price target from $17 per share to $18 per share. The rating by the firm was issued on July 25, 2016.

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.

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