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

StockNews.com assumed coverage on shares of EnLink Midstream (NYSE:ENLC) in a research note published on Thursday. The firm issued a hold rating on the pipeline company’s stock.

Other analysts have also issued research reports about the stock. Royal Bank of Canada reiterated a “sector perform” rating and set a $15.00 target price on shares of EnLink Midstream in a research note on Thursday, November 21st. US Capital Advisors downgraded shares of 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 issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, EnLink Midstream currently has an average rating of “Hold” and a consensus price target of $15.40.

EnLink Midstream Price Performance

Shares of ENLC opened at $14.56 on Thursday. EnLink Midstream has a 52 week low of $11.83 and a 52 week high of $16.40. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 2.30. The firm has a market cap of $6.65 billion, a price-to-earnings ratio of 69.33 and a beta of 2.43. The stock has a 50 day moving average of $14.62 and a 200-day moving average of $14.72.

Institutional Trading of EnLink Midstream

Several large investors have recently added to or reduced their stakes in the business. Segment Wealth Management LLC grew its stake in shares of EnLink Midstream by 44.8% in the fourth quarter. Segment Wealth Management LLC now owns 208,381 shares of the pipeline company’s stock worth $2,949,000 after purchasing an additional 64,512 shares in the last quarter. Pacer Advisors Inc. grew its position in 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 buying an additional 26,937 shares in the last quarter. Walleye Capital LLC increased its stake in EnLink Midstream by 1,829.6% during the 3rd quarter. Walleye Capital LLC now owns 282,246 shares of the pipeline company’s stock valued at $4,095,000 after buying an additional 267,619 shares during the period. Wellington Management Group LLP raised its position in shares of EnLink Midstream by 268.0% during the 3rd quarter. Wellington Management Group LLP now owns 402,099 shares of the pipeline company’s stock worth $5,834,000 after buying an additional 292,833 shares in the last quarter. Finally, Caprock Group LLC acquired a new stake in shares of EnLink Midstream in the 4th quarter worth approximately $284,000. 45.87% of the stock is currently owned by institutional investors and hedge funds.

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.