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

EnLink Midstream, LLC (NYSE:ENLC) has been given an average rating of “Hold” by the thirteen research firms that are presently covering the firm, MarketBeat.com reports. Ten analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $15.40.

A number of research firms have commented on ENLC. StockNews.com started coverage on shares of EnLink Midstream in a report on Thursday. They issued a “hold” rating for the company. US Capital Advisors lowered shares of EnLink Midstream from a “moderate buy” rating to a “hold” rating in a report on Tuesday, November 26th.

Hedge Funds Weigh In On EnLink Midstream

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ENLC. Segment Wealth Management LLC boosted its position in EnLink Midstream by 44.8% during the 4th quarter. Segment Wealth Management LLC now owns 208,381 shares of the pipeline company’s stock worth $2,949,000 after acquiring an additional 64,512 shares during the period. Pacer Advisors Inc. lifted its holdings in EnLink Midstream by 26.7% in the fourth quarter. Pacer Advisors Inc. now owns 128,009 shares of the pipeline company’s stock worth $1,811,000 after purchasing an additional 26,937 shares during the period. Walleye Capital LLC lifted its holdings in EnLink Midstream by 1,829.6% in the third quarter. Walleye Capital LLC now owns 282,246 shares of the pipeline company’s stock worth $4,095,000 after purchasing an additional 267,619 shares during the period. Wellington Management Group LLP grew its position in EnLink Midstream by 268.0% in the 3rd quarter. Wellington Management Group LLP now owns 402,099 shares of the pipeline company’s stock valued at $5,834,000 after buying an additional 292,833 shares in the last quarter. Finally, Caprock Group LLC acquired a new position in EnLink Midstream during the 4th quarter valued at about $284,000. 45.87% of the stock is owned by institutional investors.

EnLink Midstream Stock Up 2.9 %

Shares of EnLink Midstream stock opened at $14.56 on Friday. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 2.30. The business has a 50-day moving average price of $14.63 and a 200 day moving average price of $14.73. EnLink Midstream has a fifty-two week low of $11.83 and a fifty-two week high of $16.40. The firm has a market cap of $6.65 billion, a P/E ratio of 69.33 and a beta of 2.43.

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.