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

StockNews.com assumed coverage on shares of EnLink Midstream (NYSE:ENLC) in a report issued on Wednesday. The firm set a “hold” rating on the pipeline company’s stock.

ENLC has been the subject of several other reports. Royal Bank of Canada reiterated a “sector perform” rating and set a $15.00 price objective on shares of EnLink Midstream in a research report on Thursday, November 21st. US Capital Advisors cut shares of EnLink Midstream from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Eleven research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, EnLink Midstream currently has a consensus rating of “Hold” and an average price target of $15.40.

EnLink Midstream Price Performance

ENLC stock opened at $14.56 on Wednesday. The company has a 50 day simple moving average of $14.59 and a 200 day simple moving average of $14.69. The stock 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 1 year low of $11.83 and a 1 year high of $16.40. The company has a debt-to-equity ratio of 2.30, a current ratio of 0.42 and a quick ratio of 0.42.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Ameriflex Group Inc. purchased a new stake in shares of EnLink Midstream in the fourth quarter valued at about $73,000. Forum Financial Management LP raised its holdings in shares of EnLink Midstream by 32.1% in the fourth quarter. Forum Financial Management LP now owns 19,521 shares of the pipeline company’s stock valued at $276,000 after purchasing an additional 4,745 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of EnLink Midstream by 8.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 504,284 shares of the pipeline company’s stock valued at $7,136,000 after purchasing an additional 37,725 shares during the last quarter. Willis Johnson & Associates Inc. purchased a new stake in shares of EnLink Midstream in the fourth quarter valued at about $159,000. Finally, Vident Advisory LLC purchased a new stake in shares of EnLink Midstream in the fourth quarter valued at about $1,551,000. 45.87% of the stock is 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.