EnLink Midstream Partners (ENLK) Declares $0.39 Quarterly Dividend; 10.9% Yield

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Go back to EnLink Midstream Partners (ENLK) Declares $0.39 Quarterly Dividend; 10.9% Yield

Simmons Raises Price Target on EnLink Midstream Partners (ENLK) to $17; Reiterates Overweight

April 21, 2016 8:19 AM EDT

Simmons reiterated an Overweight rating on EnLink Midstream Partners (NYSE: ENLK), and raised the price target to $17.00 (from $15.00), following Devon Energy's asset sale update. The various measures DVN has taken to preserve its financial position have reduced the potential need for DVN to use monetization of its ownership in ENLK as a financial support tool. Simmons believes that any further... More