Notable Reporting: What’s EnLink Midstream Partners LP Upside After Today’s Huge Increase?

Notable Reporting: What's EnLink Midstream Partners LP Upside After Today's Huge Increase?

The stock of EnLink Midstream Partners LP (NYSE:ENLK) is a huge mover today! About 559,381 shares traded hands. EnLink Midstream Partners LP (NYSE:ENLK) has risen 32.67% since April 13, 2016 and is uptrending. It has outperformed by 28.75% the S&P500.
The move comes after 5 months positive chart setup for the $6.03 billion company. It was reported on Nov, 15 by Barchart.com. We have $23.20 PT which if reached, will make NYSE:ENLK worth $2.05B more.

EnLink Midstream Partners LP (NYSE:ENLK) Ratings Coverage

Out of 13 analysts covering Enlink Midstream Partners (NYSE:ENLK), 6 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 46% are positive. Enlink Midstream Partners has been the topic of 29 analyst reports since August 6, 2015 according to StockzIntelligence Inc. Jefferies initiated EnLink Midstream Partners LP (NYSE:ENLK) on Wednesday, September 23 with “Buy” rating. The company was initiated on Thursday, August 27 by Simmons & Co. RBC Capital Markets maintained the shares of ENLK in a report on Thursday, February 18 with “Outperform” rating. RBC Capital Markets maintained EnLink Midstream Partners LP (NYSE:ENLK) on Thursday, August 6 with “Outperform” rating. The firm has “Buy” rating by Wunderlich given on Thursday, August 6. The firm has “Equal-Weight” rating given on Thursday, February 18 by Barclays Capital. The firm has “Outperform” rating by Credit Suisse given on Friday, February 19. The rating was downgraded by Morgan Stanley to “Equal-Weight” on Friday, September 2. The rating was maintained by Barclays Capital with “Equal-Weight” on Monday, May 9. Wunderlich maintained it with “Buy” rating and $20 target price in Wednesday, August 31 report.

According to Zacks Investment Research, “EnLink Midstream Partners LP is a midstream energy company. It focuses on providing midstream energy services, including gathering, processing, transmission and marketing, to producers of natural gas, natural gas liquids and crude oil. The company also provides crude oil, condensate, and brine services to producers. It operates in the Gulf Coast region of the United States. EnLink Midstream Partners LP, formerly known as Crosstex Energy L.P., is based in Dallas, Texas.”

More notable recent EnLink Midstream Partners LP (NYSE:ENLK) news were published by: Moodys.com which released: “Moody’s changes EnLink LP’s outlook to negative” on December 07, 2015, also Forbes.com with their article: “Ex-Dividend Reminder: EnLink Midstream Partners, Magellan Midstream and …” published on October 25, 2016, Prnewswire.com published: “EnLink Midstream to Present November 16 at the RBC Capital Markets 2016 MLP …” on November 09, 2016. More interesting news about EnLink Midstream Partners LP (NYSE:ENLK) were released by: Seekingalpha.com and their article: “EnLink Midstream Partners: A Natural Gas Tailwind Is Being Mitigated By The …” published on September 15, 2016 as well as Businesswire.com‘s news article titled: “Fitch Assigns First-Time ‘BBB-‘ Rating to EnLink Midstream Partners, L.P.” with publication date: February 25, 2016.

ENLK Company Profile

EnLink Midstream Partners, LP, incorporated on July 12, 2002, is a midstream energy services company. The Company’s business activities are conducted through its subsidiary, EnLink Midstream Operating, LP, a Delaware limited partnership (the Operating Partnership) and the subsidiaries of the Operating Partnership. The Firm focuses on providing midstream energy services, including gathering, transmission, processing, fractionation, brine services and marketing, to producers of natural gas, natural gas liquids (NGLs), crude oil and condensate. The Firm operates in five divisions: Texas, Oklahoma, Louisiana, Crude and Condensate, and Corporate. The Texas segment includes its natural gas gathering, processing and transmission activities in north Texas and the Permian Basin in west Texas. The Oklahoma segment includes its natural gas gathering, processing and transmission activities in Cana-Woodford and Arkoma-Woodford Shale areas. The Louisiana segment includes its natural gas pipelines, natural gas processing plants and NGL assets located in Louisiana. The Crude and Condensate segment includes its Ohio River Valley (ORV) crude oil, condensate and brine disposal activities in the Utica and Marcellus Shales, its equity interests in E2 Energy Services, LLC, E2 Appalachian Compression, LLC and E2 Ohio Compression, LLC (collectively, E2), its crude oil activities in the Permian Basin and its crude oil activities associated with the Victoria Express Pipeline and related truck terminal and storage assets (VEX) located in the Eagle Ford Shale. The Company’s Corporate assets consist of a contractual right to the benefits and burdens associated with Devon Energy Corporation’s (Devon) ownership interest in Gulf Coast Fractionators (GCF) and in Howard Energy Partners (HEP). The Company’s midstream energy asset network includes approximately 9,400 miles of pipelines, over 20 natural gas processing plants, approximately seven fractionators, over 3.1 million barrels of NGL cavern storage, approximately 19.1 billion cubic feet (Bcf) of natural gas storage, rail terminals, barge terminals, truck terminals and a fleet of approximately 150 trucks.

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