EnLink Midstream (NYSE:ENLC) Now Covered by Analysts at StockNews.com

Equities researchers at StockNews.com began coverage on shares of EnLink Midstream (NYSE:ENLC) in a research report issued on Monday. The brokerage set a “hold” rating on the pipeline company’s stock.

A number of other brokerages also recently issued reports on ENLC. Royal Bank of Canada reissued a “sector perform” rating and set a $15.00 price objective on shares of EnLink Midstream in a research report on Thursday, November 21st. Mizuho reissued a “neutral” rating and set a $15.00 price target on shares of EnLink Midstream in a report on Thursday, October 31st. US Capital Advisors downgraded EnLink Midstream from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Finally, Raymond James downgraded EnLink Midstream from an “outperform” rating to a “market perform” rating in a research note on Friday, November 8th. 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 stock. According to data from MarketBeat.com, EnLink Midstream currently has an average rating of “Hold” and a consensus price target of $15.40.

EnLink Midstream Stock Performance

ENLC opened at $14.56 on Monday. The company’s 50 day moving average is $14.50 and its 200 day moving average is $14.54. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 2.30. The company has a market cap of $6.65 billion, a price-to-earnings ratio of 69.33 and a beta of 2.43. EnLink Midstream has a 12-month low of $11.55 and a 12-month high of $16.40.

Hedge Funds Weigh In On EnLink Midstream

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Raymond James & Associates lifted its stake in EnLink Midstream by 12.0% in the 3rd quarter. Raymond James & Associates now owns 176,044 shares of the pipeline company’s stock worth $2,554,000 after purchasing an additional 18,805 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of EnLink Midstream by 13.9% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 16,090 shares of the pipeline company’s stock worth $233,000 after purchasing an additional 1,958 shares during the last quarter. Insight Folios Inc lifted its position in shares of EnLink Midstream by 16.3% in the third quarter. Insight Folios Inc now owns 25,077 shares of the pipeline company’s stock worth $364,000 after buying an additional 3,510 shares in the last quarter. Inscription Capital LLC bought a new position in EnLink Midstream during the third quarter valued at approximately $154,000. Finally, Van ECK Associates Corp grew its holdings in EnLink Midstream by 100.8% during the 3rd quarter. Van ECK Associates Corp now owns 127,462 shares of the pipeline company’s stock valued at $1,883,000 after buying an additional 63,997 shares in the last quarter. Institutional investors own 45.87% of the company’s stock.

EnLink Midstream Company Profile

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.