EnLink Midstream (NYSE:ENLC) Earns Hold Rating from Analysts at StockNews.com

Stock analysts at StockNews.com assumed coverage on shares of EnLink Midstream (NYSE:ENLC) in a report issued on Thursday. The brokerage set a “hold” rating on the pipeline company’s stock.

ENLC has been the topic of a number of other research reports. US Capital Advisors lowered shares of EnLink Midstream from a “moderate buy” rating to a “hold” rating in a report on Tuesday, November 26th. Royal Bank of Canada reissued a “sector perform” rating and issued a $15.00 price target on shares of EnLink Midstream in a report on Thursday, November 21st. Eleven equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $15.40.

EnLink Midstream Stock Performance

EnLink Midstream stock opened at $14.56 on Thursday. The firm’s 50 day simple moving average is $14.62 and its 200 day simple moving average is $14.72. The firm has a market capitalization of $6.65 billion, a PE ratio of 69.33 and a beta of 2.43. EnLink Midstream has a 1-year low of $11.83 and a 1-year high of $16.40. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 2.30.

Institutional Investors Weigh In On EnLink Midstream

A number of institutional investors have recently made changes to their positions in the business. Ameriprise Financial Inc. boosted its stake in shares of EnLink Midstream by 5.2% in the 4th quarter. Ameriprise Financial Inc. now owns 15,261 shares of the pipeline company’s stock valued at $216,000 after purchasing an additional 753 shares in the last quarter. HighTower Advisors LLC boosted its position in EnLink Midstream by 6.1% during the 4th quarter. HighTower Advisors LLC now owns 24,954 shares of the pipeline company’s stock valued at $353,000 after buying an additional 1,437 shares during the period. Citigroup Inc. boosted its position in EnLink Midstream by 0.6% during the 3rd quarter. Citigroup Inc. now owns 267,761 shares of the pipeline company’s stock valued at $3,885,000 after buying an additional 1,473 shares during the period. Tidal Investments LLC boosted its position in EnLink Midstream by 9.7% during the 3rd quarter. Tidal Investments LLC now owns 18,315 shares of the pipeline company’s stock valued at $266,000 after buying an additional 1,623 shares during the period. Finally, Victory Capital Management Inc. boosted its position in EnLink Midstream by 8.0% during the 4th quarter. Victory Capital Management Inc. now owns 31,271 shares of the pipeline company’s stock valued at $442,000 after buying an additional 2,324 shares during the period. 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.