EnLink Midstream (NYSE:ENLC) Now Covered by StockNews.com

Equities research analysts at StockNews.com began coverage on shares of EnLink Midstream (NYSE:ENLC) in a research report issued to clients and investors on Wednesday. The brokerage set a “hold” rating on the pipeline company’s stock.

Other equities analysts also recently issued research reports about the stock. Royal Bank of Canada reiterated a “sector perform” rating and issued a $15.00 target price on shares of EnLink Midstream in a research note on Thursday, November 21st. US Capital Advisors downgraded shares of EnLink Midstream from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Eleven analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, EnLink Midstream presently has a consensus rating of “Hold” and a consensus price target of $15.40.

EnLink Midstream Stock Performance

NYSE ENLC opened at $14.56 on Wednesday. EnLink Midstream has a 52-week low of $11.83 and a 52-week high of $16.40. The company has a 50-day simple moving average of $14.59 and a 200 day simple moving average of $14.69. The company has a debt-to-equity ratio of 2.30, a quick ratio of 0.42 and a current ratio of 0.42. The company has a market capitalization of $6.65 billion, a PE ratio of 69.33 and a beta of 2.43.

Hedge Funds Weigh In On EnLink Midstream

Hedge funds have recently bought and sold shares of the company. Segment Wealth Management LLC grew its stake in EnLink Midstream by 44.8% during the fourth quarter. Segment Wealth Management LLC now owns 208,381 shares of the pipeline company’s stock valued at $2,949,000 after acquiring an additional 64,512 shares in the last quarter. Pacer Advisors Inc. grew its stake in EnLink Midstream by 26.7% in the 4th quarter. Pacer Advisors Inc. now owns 128,009 shares of the pipeline company’s stock worth $1,811,000 after buying an additional 26,937 shares in the last quarter. Walleye Capital LLC grew its stake in EnLink Midstream by 1,829.6% in the 3rd quarter. Walleye Capital LLC now owns 282,246 shares of the pipeline company’s stock worth $4,095,000 after buying an additional 267,619 shares in the last quarter. Wellington Management Group LLP grew its stake in EnLink Midstream by 268.0% in the 3rd quarter. Wellington Management Group LLP now owns 402,099 shares of the pipeline company’s stock worth $5,834,000 after buying an additional 292,833 shares in the last quarter. Finally, Caprock Group LLC purchased a new position in EnLink Midstream in the 4th quarter worth approximately $284,000. Hedge funds and other institutional investors own 45.87% of the company’s stock.

EnLink Midstream Company Profile

EnLink Midstream, LLC provides midstream energy services in the United States. The company operates through Permian, Louisiana, Oklahoma, North Texas, and Corporate segments. It is involved in gathering, compressing, treating, processing, transporting, storing, and selling natural gas; fractionating, transporting, storing, and selling natural gas liquids; and gathering, transporting, stabilizing, storing, trans-loading, and selling crude oil and condensate, as well as providing brine disposal services.