EnLink Midstream, LLC (NYSE:ENLC) Receives $15.40 Consensus PT from Analysts

Shares of EnLink Midstream, LLC (NYSE:ENLC) have earned an average rating of “Hold” from the twelve research firms that are currently covering the firm, Marketbeat.com reports. Ten analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $15.33.

Separately, StockNews.com started coverage on shares of EnLink Midstream in a report on Sunday, April 13th. They issued a “hold” rating on the stock.

Hedge Funds Weigh In On EnLink Midstream

Several institutional investors and hedge funds have recently made changes to their positions in ENLC. Ameriprise Financial Inc. boosted its stake in EnLink Midstream by 5.2% in the 4th quarter. Ameriprise Financial Inc. now owns 15,261 shares of the pipeline company’s stock valued at $216,000 after purchasing an additional 753 shares during the period. HighTower Advisors LLC lifted its holdings in shares of EnLink Midstream by 6.1% during the fourth quarter. HighTower Advisors LLC now owns 24,954 shares of the pipeline company’s stock worth $353,000 after buying an additional 1,437 shares in the last quarter. Tidal Investments LLC boosted its position in shares of EnLink Midstream by 9.7% in the third quarter. Tidal Investments LLC now owns 18,315 shares of the pipeline company’s stock valued at $266,000 after acquiring an additional 1,623 shares during the period. Victory Capital Management Inc. grew its stake in shares of EnLink Midstream by 8.0% in the fourth quarter. Victory Capital Management Inc. now owns 31,271 shares of the pipeline company’s stock valued at $442,000 after acquiring an additional 2,324 shares in the last quarter. Finally, Sanctuary Advisors LLC increased its position in EnLink Midstream by 8.5% during the third quarter. Sanctuary Advisors LLC now owns 30,031 shares of the pipeline company’s stock worth $473,000 after acquiring an additional 2,362 shares during the period. Institutional investors and hedge funds own 45.87% of the company’s stock.

EnLink Midstream Stock Performance

NYSE ENLC opened at $14.56 on Tuesday. The firm has a market capitalization of $6.65 billion, a P/E ratio of 69.33 and a beta of 2.43. 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’s fifty day moving average price is $14.56 and its two-hundred day moving average price is $14.73. EnLink Midstream has a 1 year low of $11.83 and a 1 year high of $16.40.

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.