EnLink Midstream (NYSE:ENLC) Now Covered by StockNews.com

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

ENLC has been the subject of a number of other research reports. Raymond James lowered shares of EnLink Midstream from an “outperform” rating to a “market perform” rating in a research report on Friday, November 8th. Mizuho restated a “neutral” rating and set a $15.00 target price on shares of EnLink Midstream in a research report on Thursday, October 31st. US Capital Advisors lowered shares of EnLink Midstream from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $15.00 target price on shares of EnLink Midstream in a research report on Thursday, November 21st. Eleven research 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 stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $15.40.

EnLink Midstream Stock Performance

ENLC opened at $14.56 on Friday. The company has a debt-to-equity ratio of 2.30, a current ratio of 0.42 and a quick ratio of 0.42. The company has a 50 day simple moving average of $14.51 and a two-hundred day simple moving average of $14.49. EnLink Midstream has a 1-year low of $11.55 and a 1-year high of $16.40. The firm has a market cap of $6.65 billion, a P/E ratio of 69.33 and a beta of 2.43.

Institutional Investors Weigh In On EnLink Midstream

Institutional investors have recently made changes to their positions in the company. Venturi Wealth Management LLC bought a new stake in shares of EnLink Midstream in the 4th quarter worth about $55,000. Farther Finance Advisors LLC lifted its holdings in shares of EnLink Midstream by 20,947.6% in the 4th quarter. Farther Finance Advisors LLC now owns 4,420 shares of the pipeline company’s stock worth $63,000 after acquiring an additional 4,399 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of EnLink Midstream in the 3rd quarter worth about $98,000. Icon Wealth Advisors LLC bought a new stake in shares of EnLink Midstream in the 3rd quarter worth about $107,000. Finally, SG Americas Securities LLC bought a new stake in shares of EnLink Midstream in the 4th quarter worth about $114,000. Institutional investors own 45.87% of the company’s stock.

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.