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

StockNews.com started coverage on shares of EnLink Midstream (NYSE:ENLC) in a research report sent to investors on Sunday morning. The brokerage issued a hold rating on the pipeline company’s stock.

ENLC has been the subject of several other reports. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $15.00 target price on shares of EnLink Midstream in a report on Thursday, November 21st. US Capital Advisors cut shares of EnLink Midstream from a “moderate buy” rating to a “hold” rating in a report on Tuesday, November 26th. Mizuho reissued a “neutral” rating and set a $15.00 price objective on shares of EnLink Midstream in a report on Thursday, October 31st. Finally, Raymond James cut shares of EnLink Midstream from an “outperform” rating to a “market perform” rating in a report on Friday, November 8th. Eleven analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $15.40.

EnLink Midstream Stock Up 2.9 %

Shares of EnLink Midstream stock opened at $14.56 on Friday. 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 stock has a market capitalization of $6.65 billion, a PE ratio of 69.33 and a beta of 2.43. EnLink Midstream has a 52-week low of $11.55 and a 52-week high of $16.40. The company has a 50-day simple moving average of $14.51 and a two-hundred day simple moving average of $14.49.

Institutional Trading of EnLink Midstream

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Van ECK Associates Corp increased its holdings in EnLink Midstream by 100.8% during the third 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 during the last quarter. Segment Wealth Management LLC boosted its position in shares of EnLink Midstream by 44.8% in the fourth quarter. Segment Wealth Management LLC now owns 208,381 shares of the pipeline company’s stock worth $2,949,000 after purchasing an additional 64,512 shares during the period. Pacer Advisors Inc. boosted its position in shares of 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 boosted its position in shares of 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. Finally, Wellington Management Group LLP boosted its position in shares of EnLink Midstream by 268.0% in the third quarter. Wellington Management Group LLP now owns 402,099 shares of the pipeline company’s stock worth $5,834,000 after purchasing an additional 292,833 shares during the period. 45.87% of the stock is owned by hedge funds and other 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.