Jefferies Group Reaffirms Hold Rating for EnLink Midstream (ENLC)

Jefferies Group restated their hold rating on shares of EnLink Midstream (NYSE:ENLC) in a research report report published on Friday morning. Jefferies Group currently has a $16.00 target price on the pipeline company’s stock. Jefferies Group also issued estimates for EnLink Midstream’s Q4 2017 earnings at $0.24 EPS.

Several other brokerages also recently commented on ENLC. Credit Suisse Group initiated coverage on shares of EnLink Midstream in a report on Thursday, January 4th. They set a neutral rating and a $19.00 target price on the stock. UBS Group upgraded shares of EnLink Midstream from a neutral rating to a buy rating and set a $19.00 target price on the stock in a report on Tuesday, October 24th. Zacks Investment Research upgraded shares of EnLink Midstream from a hold rating to a buy rating and set a $19.00 target price on the stock in a report on Tuesday, October 17th. Goldman Sachs Group upgraded shares of EnLink Midstream from a sell rating to a neutral rating in a report on Friday, November 17th. Finally, Bank of America initiated coverage on shares of EnLink Midstream in a report on Tuesday, January 9th. They set a neutral rating on the stock. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the stock. EnLink Midstream presently has an average rating of Hold and an average price target of $18.92.

Shares of EnLink Midstream (NYSE:ENLC) opened at $18.75 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market cap of $3,390.00, a P/E ratio of 625.00 and a beta of 2.59. EnLink Midstream has a fifty-two week low of $15.00 and a fifty-two week high of $20.45.

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

Several hedge funds and other institutional investors have recently bought and sold shares of ENLC. Bank of New York Mellon Corp raised its holdings in shares of EnLink Midstream by 8.5% in the second quarter. Bank of New York Mellon Corp now owns 79,353 shares of the pipeline company’s stock valued at $1,396,000 after purchasing an additional 6,238 shares during the last quarter. Neuberger Berman Group LLC increased its holdings in EnLink Midstream by 0.7% during the second quarter. Neuberger Berman Group LLC now owns 16,519 shares of the pipeline company’s stock worth $291,000 after buying an additional 109 shares during the last quarter. Swiss National Bank increased its holdings in EnLink Midstream by 16.7% during the second quarter. Swiss National Bank now owns 105,023 shares of the pipeline company’s stock worth $1,848,000 after buying an additional 15,000 shares during the last quarter. Lazard Asset Management LLC increased its holdings in EnLink Midstream by 142.8% during the second quarter. Lazard Asset Management LLC now owns 400,652 shares of the pipeline company’s stock worth $7,051,000 after buying an additional 235,609 shares during the last quarter. Finally, GSA Capital Partners LLP acquired a new position in EnLink Midstream during the second quarter worth $178,000. Institutional investors own 34.34% of the company’s stock.

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About EnLink Midstream

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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