StockNews.com Initiates Coverage on EnLink Midstream (NYSE:ENLC)

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

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

EnLink Midstream Stock Performance

Shares of EnLink Midstream 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. EnLink Midstream has a twelve month low of $11.55 and a twelve month high of $16.40. The stock has a market cap of $6.65 billion, a price-to-earnings ratio of 69.33 and a beta of 2.43. The company’s fifty day moving average is $14.51 and its 200 day moving average is $14.58.

Institutional Trading of EnLink Midstream

Several institutional investors have recently bought and sold shares of ENLC. Venturi Wealth Management LLC bought a new position in EnLink Midstream during the 4th quarter valued at about $55,000. Farther Finance Advisors LLC grew its holdings in EnLink Midstream by 20,947.6% during the 4th quarter. Farther Finance Advisors LLC now owns 4,420 shares of the pipeline company’s stock valued at $63,000 after buying an additional 4,399 shares in the last quarter. Ameriflex Group Inc. purchased a new stake in EnLink Midstream during the 4th quarter valued at approximately $73,000. Wilmington Savings Fund Society FSB purchased a new stake in EnLink Midstream during the 3rd quarter valued at approximately $98,000. Finally, Icon Wealth Advisors LLC purchased a new position in shares of EnLink Midstream in the third quarter valued at $107,000. 45.87% of the stock is owned by hedge funds and other institutional investors.

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.