EnLink Midstream (NYSE:ENLC) Earns Hold Rating from Analysts at StockNews.com

Investment analysts at StockNews.com assumed coverage on shares of EnLink Midstream (NYSE:ENLC) in a note issued to investors on Thursday. The firm set a “hold” rating on the pipeline company’s stock.

Other equities analysts have also issued research reports about the company. Mizuho reaffirmed a “neutral” rating and set a $15.00 price target on shares of EnLink Midstream in a research note on Thursday, October 31st. US Capital Advisors lowered EnLink Midstream from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Raymond James lowered EnLink Midstream from an “outperform” rating to a “market perform” rating in a research note on Friday, November 8th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $15.00 price target on shares of EnLink Midstream in a research note on Thursday, November 21st. Finally, UBS Group lowered EnLink Midstream from a “buy” rating to a “neutral” rating and set a $16.00 price target on the stock. in a research note on Monday, September 30th. Eleven analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $15.40.

EnLink Midstream Price Performance

EnLink Midstream stock opened at $14.96 on Thursday. The company has a debt-to-equity ratio of 2.30, a quick ratio of 0.42 and a current ratio of 0.42. The firm has a market cap of $6.84 billion, a P/E ratio of 71.24 and a beta of 2.43. The business’s fifty day moving average is $14.91 and its two-hundred day moving average is $14.40. EnLink Midstream has a 52 week low of $11.55 and a 52 week high of $16.40.

EnLink Midstream (NYSE:ENLC) last posted its quarterly earnings data on Wednesday, November 6th. The pipeline company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.16). The business had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.98 billion. EnLink Midstream had a return on equity of 9.51% and a net margin of 1.96%. EnLink Midstream’s revenue for the quarter was down 7.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.10 EPS. Equities research analysts forecast that EnLink Midstream will post 0.46 earnings per share for the current fiscal year.

Institutional Investors Weigh In On EnLink Midstream

Large investors have recently modified their holdings of the business. Newbridge Financial Services Group Inc. bought a new stake in shares of EnLink Midstream in the second quarter worth about $56,000. Wilmington Savings Fund Society FSB bought a new stake in shares of EnLink Midstream in the third quarter worth about $98,000. Icon Wealth Advisors LLC acquired a new position in shares of EnLink Midstream during the third quarter worth about $107,000. SG Americas Securities LLC acquired a new stake in EnLink Midstream in the 4th quarter valued at approximately $114,000. Finally, Sunbelt Securities Inc. raised its position in EnLink Midstream by 21.9% in the 2nd quarter. Sunbelt Securities Inc. now owns 8,396 shares of the pipeline company’s stock valued at $116,000 after buying an additional 1,511 shares during the last quarter. 45.87% of the stock is currently owned by institutional investors.

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.