Brokerages Set EnLink Midstream, LLC (NYSE:ENLC) Price Target at $15.40

EnLink Midstream, LLC (NYSE:ENLC) has been assigned an average rating of “Hold” from the thirteen research firms that are currently covering the firm, MarketBeat Ratings reports. Ten equities research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $15.40.

ENLC has been the topic of a number of recent research reports. US Capital Advisors downgraded shares of EnLink Midstream from a “moderate buy” rating to a “hold” rating in a report on Tuesday, November 26th. Mizuho restated a “neutral” rating and set a $15.00 target price on shares of EnLink Midstream in a report on Thursday, October 31st. StockNews.com began coverage on EnLink Midstream in a research note on Monday. They set a “hold” rating for the company. Raymond James downgraded EnLink Midstream from an “outperform” rating to a “market perform” rating in a research note on Friday, November 8th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $15.00 target price on shares of EnLink Midstream in a research report on Thursday, November 21st.

EnLink Midstream Trading Up 2.9 %

NYSE:ENLC opened at $14.56 on Monday. The company has a market capitalization of $6.65 billion, a P/E ratio of 69.33 and a beta of 2.43. The stock’s 50 day moving average price is $14.53 and its 200 day moving average price is $14.58. The company has a debt-to-equity ratio of 2.30, a quick ratio of 0.42 and a current ratio of 0.42. 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 made changes to their positions in ENLC. Ameriflex Group Inc. acquired a new stake in EnLink Midstream during the fourth quarter worth about $73,000. Forum Financial Management LP lifted its position in shares of EnLink Midstream by 32.1% in the 4th quarter. Forum Financial Management LP now owns 19,521 shares of the pipeline company’s stock worth $276,000 after acquiring an additional 4,745 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of EnLink Midstream by 8.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 504,284 shares of the pipeline company’s stock worth $7,136,000 after purchasing an additional 37,725 shares in the last quarter. Willis Johnson & Associates Inc. bought a new stake in shares of EnLink Midstream during the fourth quarter valued at approximately $159,000. Finally, Vident Advisory LLC acquired a new position in shares of EnLink Midstream in the fourth quarter valued at $1,551,000. 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.