EnLink Midstream (NYSE:ENLC) Coverage Initiated by Analysts at StockNews.com

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

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

EnLink Midstream Price Performance

Shares of NYSE:ENLC opened at $14.56 on Friday. EnLink Midstream has a one year low of $11.55 and a one year high of $16.40. The stock has a market cap of $6.65 billion, a PE ratio of 69.33 and a beta of 2.43. The business’s fifty day moving average price is $14.52 and its two-hundred day moving average price is $14.48. The company has a debt-to-equity ratio of 2.30, a quick ratio of 0.42 and a current ratio of 0.42.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Venturi Wealth Management LLC purchased a new position in shares of EnLink Midstream in the 4th quarter worth about $55,000. Farther Finance Advisors LLC increased its position in EnLink Midstream by 20,947.6% during the 4th quarter. Farther Finance Advisors LLC now owns 4,420 shares of the pipeline company’s stock worth $63,000 after purchasing an additional 4,399 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in EnLink Midstream in the third quarter valued at approximately $98,000. Icon Wealth Advisors LLC acquired a new position in EnLink Midstream during the third quarter valued at approximately $107,000. Finally, SG Americas Securities LLC purchased a new stake in EnLink Midstream during the fourth quarter worth approximately $114,000. Institutional investors and hedge funds 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.