EnLink Midstream Partners LP (NYSE: ENLK). Meaningful unfavorable changes in investment behavior and fundamentals have recently occurred.

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EnLink Midstream Partners LP (NYSE: ENLK)

ALERT

POTENTIAL TREND CHANGE

Potential Negative Trend Change/Rating

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Recent exceptional negative changes in investment behavior have affected EnLink Midstream Partners LP (NYSE: ENLK): negative upside/downside volume, shorter term price trend turns down, and price decline challenges longer term uptrend.

Recent small negative changes in fundamentals have impacted EnLink Midstream Partners LP (NYSE: ENLK): significant decrease in consensus estimate for December, 2018.

In light of these highly negative signals we are reviewing our current Overall Rating of F. We would continue to view the shares with caution pending completion of this review in the next several days.

Recent Price Action

EnLink Midstream Partners LP stock declined modestly on 3/1/18. The shares fell -0.6%, closing at $14.51. Moreover, trading volume was slightly above average at 144% of normal. The stock has performed in line with the market over the last nine months and has declined -8.4% during the last week.

About John Lafferty 122561 Articles
During his career, John has developed valuation and stock rating methodologies, managed institutional portfolios and mutual funds, and provided equity research to institutional investors on thousands of companies. He has been Director of Research at PTR since its inception in 2004.

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