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What Wall Street Analysts Recommend for EnLink Midstream

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Dec. 4 2020, Updated 10:52 a.m. ET

Analysts’ ratings for EnLink Midstream Partners

A total of 63.0% of analysts surveyed by Reuters have rated EnLink Midstream Partners (ENLK) as a “buy” as of June 28. A total of 31% have rated it as a “hold,” and the remaining 6% have rated it as a “sell.”

JPMorgan Chase last upgraded ENLK to “overweight,” which is equivalent to a “buy,” from a “neutral,” which is equivalent to a “hold.” Overall, the partnership has seen two rating updates in 2018 so far, including one upgrade and one downgrade.

ENLK’s peers Crestwood Equity Partners (CEQP) and Western Gas Partners (WES) have “buy” ratings from 55.6% and 58.8% of analysts, respectively. A total of 50.0% of analysts have rated DCP Midstream (DCP) as a “hold.” ENLK’s GP, EnLink Midstream (ENLC), has “hold” ratings from 71.4% of analysts.

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Upside potential

ENLK is currently trading below the low range ($15) of analysts’ target price. Its average target price of $17.4 implies a ~12% upside potential from its current price level.

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