EnLink Midstream (NYSE:ENLC) Coverage Initiated by Analysts at StockNews.com

Equities researchers at StockNews.com started coverage on shares of EnLink Midstream (NYSE:ENLC) in a research note issued to investors on Friday. The firm set a “hold” rating on the pipeline company’s stock.

EnLink Midstream Price Performance

NYSE ENLC opened at $14.56 on Friday. The stock has a 50-day simple moving average of $14.58 and a 200 day simple moving average of $14.74. The stock has a market capitalization of $6.65 billion, a PE ratio of 69.33 and a beta of 2.43. 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 twelve month low of $11.83 and a twelve month high of $16.40.

Institutional Trading of EnLink Midstream

A number of large investors have recently bought and sold shares of the stock. Venturi Wealth Management LLC acquired 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% in 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 in the last quarter. Ameriflex Group Inc. acquired a new position in EnLink Midstream in the fourth quarter valued at about $73,000. Wilmington Savings Fund Society FSB bought a new stake in EnLink Midstream during the third quarter worth about $98,000. Finally, Icon Wealth Advisors LLC acquired a new stake in shares of EnLink Midstream during the third quarter worth approximately $107,000. 45.87% of the stock is currently owned by 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.