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

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

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

EnLink Midstream Trading Up 2.9 %

EnLink Midstream stock opened at $14.56 on Monday. The stock has a 50-day moving average of $14.51 and a two-hundred day moving average of $14.58. 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 one year low of $11.55 and a one year high of $16.40. The stock has a market cap of $6.65 billion, a PE ratio of 69.33 and a beta of 2.43.

Institutional Investors Weigh In On EnLink Midstream

A number of institutional investors have recently modified their holdings of the company. Van ECK Associates Corp grew its stake in EnLink Midstream by 100.8% during the 3rd quarter. Van ECK Associates Corp now owns 127,462 shares of the pipeline company’s stock worth $1,883,000 after purchasing an additional 63,997 shares in the last quarter. Segment Wealth Management LLC lifted its holdings in EnLink Midstream by 44.8% during the 4th quarter. Segment Wealth Management LLC now owns 208,381 shares of the pipeline company’s stock worth $2,949,000 after buying an additional 64,512 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in shares of EnLink Midstream by 26.7% in the 4th quarter. Pacer Advisors Inc. now owns 128,009 shares of the pipeline company’s stock valued at $1,811,000 after purchasing an additional 26,937 shares during the last quarter. Walleye Capital LLC lifted its holdings in shares of EnLink Midstream by 1,829.6% in the 3rd quarter. Walleye Capital LLC now owns 282,246 shares of the pipeline company’s stock valued at $4,095,000 after purchasing an additional 267,619 shares during the last quarter. Finally, Wellington Management Group LLP lifted its holdings in shares of EnLink Midstream by 268.0% in the 3rd quarter. Wellington Management Group LLP now owns 402,099 shares of the pipeline company’s stock valued at $5,834,000 after purchasing an additional 292,833 shares during the last quarter. 45.87% of the stock is owned by institutional investors and hedge funds.

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.