EnLink Midstream, LLC (NYSE:ENLC) Receives $15.40 Average Price Target from Brokerages

EnLink Midstream, LLC (NYSE:ENLC) has earned a consensus rating of “Hold” from the thirteen analysts that are presently covering the stock, MarketBeat reports. Ten analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is $15.40.

Separately, StockNews.com initiated coverage on EnLink Midstream in a research note on Friday. They issued a “hold” rating on the stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Venturi Wealth Management LLC purchased a new stake in shares of EnLink Midstream in the 4th quarter valued at $55,000. Farther Finance Advisors LLC boosted its position in EnLink Midstream by 20,947.6% during the fourth 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 during the period. Ameriflex Group Inc. bought a new position in shares of EnLink Midstream during the fourth quarter valued at about $73,000. Wilmington Savings Fund Society FSB purchased a new position in shares of EnLink Midstream in the third quarter worth about $98,000. Finally, Icon Wealth Advisors LLC purchased a new position in shares of EnLink Midstream in the third quarter worth about $107,000. 45.87% of the stock is owned by hedge funds and other institutional investors.

EnLink Midstream Trading Up 2.9 %

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. EnLink Midstream has a fifty-two week low of $11.83 and a fifty-two week high of $16.40. The stock has a market cap of $6.65 billion, a P/E ratio of 69.33 and a beta of 2.43. The firm’s fifty day moving average price is $14.59 and its 200-day moving average price is $14.73.

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.