Caprock Group LLC Purchases Shares of 20,100 EnLink Midstream, LLC (NYSE:ENLC)

Caprock Group LLC acquired a new stake in EnLink Midstream, LLC (NYSE:ENLC) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 20,100 shares of the pipeline company’s stock, valued at approximately $284,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wilmington Savings Fund Society FSB purchased a new position in EnLink Midstream during the 3rd quarter valued at $98,000. Icon Wealth Advisors LLC acquired a new position in EnLink Midstream during the 3rd quarter valued at about $107,000. SG Americas Securities LLC purchased a new position in shares of EnLink Midstream in the 4th quarter valued at approximately $114,000. Inscription Capital LLC acquired a new stake in EnLink Midstream during the 3rd quarter worth about $154,000. Finally, EP Wealth Advisors LLC acquired a new position in EnLink Midstream in the 3rd quarter worth approximately $174,000. Institutional investors own 45.87% of the company’s stock.

EnLink Midstream Stock Up 2.9 %

EnLink Midstream stock opened at $14.56 on Friday. The firm has a market capitalization of $6.65 billion, a price-to-earnings ratio of 69.33 and a beta of 2.43. 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, LLC has a fifty-two week low of $11.55 and a fifty-two week high of $16.40. The stock’s fifty day moving average is $14.66 and its two-hundred day moving average is $14.44.

EnLink Midstream (NYSE:ENLC) last announced its quarterly earnings results on Wednesday, November 6th. The pipeline company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.16). EnLink Midstream had a net margin of 1.96% and a return on equity of 9.51%. The business had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.98 billion. During the same period last year, the company earned $0.10 EPS. The firm’s revenue for the quarter was down 7.9% on a year-over-year basis. Analysts predict that EnLink Midstream, LLC will post 0.46 EPS for the current fiscal year.

Analysts Set New Price Targets

ENLC has been the subject of several recent analyst reports. Royal Bank of Canada restated a “sector perform” rating and issued a $15.00 price target on shares of EnLink Midstream in a research note on Thursday, November 21st. Raymond James cut shares of EnLink Midstream from an “outperform” rating to a “market perform” rating in a research report on Friday, November 8th. StockNews.com initiated coverage on EnLink Midstream in a research report on Friday, January 31st. They set a “hold” rating for the company. Mizuho reiterated a “neutral” rating and issued a $15.00 price objective on shares of EnLink Midstream in a report on Thursday, October 31st. Finally, US Capital Advisors lowered EnLink Midstream from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, November 26th. 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. According to MarketBeat, EnLink Midstream has a consensus rating of “Hold” and an average target price of $15.40.

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.