EnLink Midstream, LLC (NYSE:ENLC) Stock Rating Upgraded by BidaskClub

BidaskClub upgraded shares of EnLink Midstream, LLC (NYSE:ENLC) from a strong sell rating to a sell rating in a research note published on Tuesday, November 7th.

A number of other research firms have also recently commented on ENLC. UBS AG upgraded EnLink Midstream from a neutral rating to a buy rating and set a $19.00 price objective for the company in a research report on Tuesday, October 24th. Zacks Investment Research upgraded EnLink Midstream from a hold rating to a buy rating and set a $19.00 price target for the company in a research report on Tuesday, October 17th. Citigroup Inc. upgraded EnLink Midstream to a neutral rating and set a $19.00 price target for the company in a research report on Wednesday, August 2nd. ValuEngine cut EnLink Midstream from a hold rating to a sell rating in a research report on Friday, September 1st. Finally, Royal Bank Of Canada restated a hold rating and issued a $21.00 price target on shares of EnLink Midstream in a research report on Monday, July 31st. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $18.83.

EnLink Midstream (ENLC) traded down $0.12 during trading on Tuesday, reaching $16.00. The company had a trading volume of 65,000 shares, compared to its average volume of 437,118. The stock has a market capitalization of $2,889.42, a PE ratio of 533.33 and a beta of 2.59. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.85 and a current ratio of 0.85. EnLink Midstream has a 12 month low of $15.00 and a 12 month high of $20.45.

EnLink Midstream (NYSE:ENLC) last posted its quarterly earnings data on Tuesday, October 31st. The pipeline company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.11). The firm had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.36 billion. EnLink Midstream had a net margin of 0.12% and a return on equity of 0.15%. The company’s revenue was up 26.6% compared to the same quarter last year. equities research analysts anticipate that EnLink Midstream will post 0.3 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 14th. Investors of record on Wednesday, November 1st were given a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a dividend yield of 6.38%. The ex-dividend date of this dividend was Tuesday, October 31st. EnLink Midstream’s dividend payout ratio is currently 3,401.13%.

Several large investors have recently added to or reduced their stakes in the stock. Tortoise Capital Advisors L.L.C. grew its position in shares of EnLink Midstream by 8.0% during the third quarter. Tortoise Capital Advisors L.L.C. now owns 3,737,067 shares of the pipeline company’s stock worth $64,464,000 after purchasing an additional 275,225 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of EnLink Midstream during the third quarter worth about $1,130,000. Gen IV Investment Opportunities LLC grew its position in shares of EnLink Midstream by 0.8% during the third quarter. Gen IV Investment Opportunities LLC now owns 1,661,314 shares of the pipeline company’s stock worth $28,658,000 after purchasing an additional 14,000 shares in the last quarter. Signature Financial Management Inc. grew its position in shares of EnLink Midstream by 29.4% during the third quarter. Signature Financial Management Inc. now owns 30,700 shares of the pipeline company’s stock worth $529,000 after purchasing an additional 6,975 shares in the last quarter. Finally, Franklin Square Holdings L.P. grew its position in shares of EnLink Midstream by 128.6% during the third quarter. Franklin Square Holdings L.P. now owns 38,870 shares of the pipeline company’s stock worth $671,000 after purchasing an additional 21,870 shares in the last quarter. Hedge funds and other institutional investors own 32.46% of the company’s stock.

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EnLink Midstream Company Profile

EnLink Midstream, LLC is an integrated midstream company. The Company’s assets consist of equity interests in EnLink Midstream Partners, LP (the Partnership) and EnLink Oklahoma Gas Processing, LP (EnLink Oklahoma T.O.). The Partnership is engaged in the gathering, transmission, processing and marketing of natural gas and natural gas liquids (NGLs), condensate and crude oil, as well as providing crude oil, condensate and brine services to producers.

Analyst Recommendations for EnLink Midstream (NYSE:ENLC)

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