EnLink Midstream (NYSE:ENLC) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of EnLink Midstream (NYSE:ENLC) in a research note published on Monday morning. The brokerage issued a hold rating on the pipeline company’s stock.

Several other research firms have also commented on ENLC. US Capital Advisors lowered shares of EnLink Midstream from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Raymond James cut EnLink Midstream from an “outperform” rating to a “market perform” rating in a report on Friday, November 8th. Royal Bank of Canada reissued a “sector perform” rating and set a $15.00 price objective on shares of EnLink Midstream in a research note on Thursday, November 21st. Finally, Mizuho reaffirmed a “neutral” rating and set a $15.00 target price on shares of EnLink Midstream in a research report on Thursday, October 31st. Eleven investment 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 company. Based on data from MarketBeat, EnLink Midstream has a consensus rating of “Hold” and an average price target of $15.40.

EnLink Midstream Trading Up 2.9 %

Shares of ENLC stock opened at $14.56 on Monday. 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 stock has a 50-day simple moving average of $14.53 and a 200 day simple moving average of $14.58. EnLink Midstream has a fifty-two week low of $11.55 and a fifty-two week high of $16.40. The stock has a market capitalization of $6.65 billion, a P/E ratio of 69.33 and a beta of 2.43.

Institutional Investors Weigh In On EnLink Midstream

A number of institutional investors have recently bought and sold shares of the business. Van ECK Associates Corp lifted its position in shares of EnLink Midstream by 100.8% in the third quarter. Van ECK Associates Corp now owns 127,462 shares of the pipeline company’s stock worth $1,883,000 after purchasing an additional 63,997 shares in the last quarter. Segment Wealth Management LLC increased its stake in EnLink Midstream by 44.8% in the 4th quarter. Segment Wealth Management LLC now owns 208,381 shares of the pipeline company’s stock valued at $2,949,000 after buying an additional 64,512 shares during the period. Pacer Advisors Inc. lifted its position in EnLink Midstream by 26.7% in the 4th quarter. Pacer Advisors Inc. now owns 128,009 shares of the pipeline company’s stock worth $1,811,000 after buying an additional 26,937 shares in the last quarter. Walleye Capital LLC boosted its stake in shares of EnLink Midstream by 1,829.6% during the 3rd quarter. Walleye Capital LLC now owns 282,246 shares of the pipeline company’s stock valued at $4,095,000 after buying an additional 267,619 shares during the period. Finally, Wellington Management Group LLP grew its holdings in shares of EnLink Midstream by 268.0% during the 3rd quarter. Wellington Management Group LLP now owns 402,099 shares of the pipeline company’s stock valued at $5,834,000 after acquiring an additional 292,833 shares in the last quarter. 45.87% of the stock is currently owned by institutional investors and hedge funds.

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.