EnLink Midstream, LLC (NYSE:ENLC) Receives $15.40 Consensus Price Target from Analysts

Shares of EnLink Midstream, LLC (NYSE:ENLC) have been given an average recommendation of “Hold” by the twelve analysts that are presently covering the stock, MarketBeat reports. Ten analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $15.33.

Separately, StockNews.com initiated coverage on EnLink Midstream in a research report on Sunday, April 13th. They issued a “hold” rating on the stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Ameriprise Financial Inc. boosted its holdings in shares of EnLink Midstream by 5.2% during the 4th quarter. Ameriprise Financial Inc. now owns 15,261 shares of the pipeline company’s stock valued at $216,000 after acquiring an additional 753 shares in the last quarter. HighTower Advisors LLC boosted its stake in shares of EnLink Midstream by 6.1% during the fourth quarter. HighTower Advisors LLC now owns 24,954 shares of the pipeline company’s stock valued at $353,000 after purchasing an additional 1,437 shares in the last quarter. Tidal Investments LLC grew its holdings in shares of EnLink Midstream by 9.7% during the third quarter. Tidal Investments LLC now owns 18,315 shares of the pipeline company’s stock worth $266,000 after purchasing an additional 1,623 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of EnLink Midstream by 8.0% in the fourth 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. Finally, Sanctuary Advisors LLC raised its holdings in EnLink Midstream by 8.5% in the 3rd quarter. Sanctuary Advisors LLC now owns 30,031 shares of the pipeline company’s stock valued at $473,000 after buying an additional 2,362 shares during the last quarter. 45.87% of the stock is currently owned by institutional investors and hedge funds.

EnLink Midstream Price Performance

EnLink Midstream stock opened at $14.56 on Tuesday. The firm has a market cap of $6.65 billion, a PE ratio of 69.33 and a beta of 2.43. The company has a debt-to-equity ratio of 2.30, a current ratio of 0.42 and a quick ratio of 0.42. The stock’s fifty day moving average price is $14.56 and its two-hundred day moving average price is $14.73. EnLink Midstream has a one year low of $11.83 and a one year high of $16.40.

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.