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

StockNews.com began coverage on shares of EnLink Midstream (NYSE:ENLC) in a report released on Monday. The brokerage issued a hold rating on the pipeline company’s stock.

A number of other research firms also recently commented on ENLC. Mizuho reaffirmed a “neutral” rating and issued a $15.00 price objective on shares of EnLink Midstream in a report on Thursday, October 31st. US Capital Advisors downgraded shares of EnLink Midstream from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Raymond James lowered shares of EnLink Midstream from an “outperform” rating to a “market perform” rating in a report on Friday, November 8th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $15.00 price objective on shares of EnLink Midstream in a research note on Thursday, November 21st. Eleven analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, EnLink Midstream currently has an average rating of “Hold” and a consensus price target of $15.40.

EnLink Midstream Trading Up 2.9 %

NYSE:ENLC opened at $14.56 on Monday. The company has a market cap of $6.65 billion, a PE ratio of 69.33 and a beta of 2.43. The business’s 50 day moving average is $14.51 and its two-hundred day moving average is $14.56. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 2.30. EnLink Midstream has a 52 week low of $11.55 and a 52 week high of $16.40.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Raymond James & Associates boosted its position in shares of EnLink Midstream by 12.0% during the third quarter. Raymond James & Associates now owns 176,044 shares of the pipeline company’s stock worth $2,554,000 after buying an additional 18,805 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in EnLink Midstream by 13.9% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 16,090 shares of the pipeline company’s stock valued at $233,000 after acquiring an additional 1,958 shares in the last quarter. Insight Folios Inc boosted its position in EnLink Midstream by 16.3% during the 3rd quarter. Insight Folios Inc now owns 25,077 shares of the pipeline company’s stock worth $364,000 after acquiring an additional 3,510 shares during the period. Inscription Capital LLC bought a new position in shares of EnLink Midstream in the third quarter worth $154,000. Finally, Van ECK Associates Corp increased its holdings in shares of EnLink Midstream by 100.8% during the third quarter. Van ECK Associates Corp now owns 127,462 shares of the pipeline company’s stock valued at $1,883,000 after purchasing an additional 63,997 shares during the period. Institutional investors own 45.87% of the company’s stock.

About EnLink Midstream

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.