EnLink Midstream, LLC (NYSE:ENLC) Receives $15.33 Average PT from Analysts

EnLink Midstream, LLC (NYSE:ENLC) has earned a consensus rating of “Hold” from the twelve research firms that are presently covering the company, MarketBeat Ratings reports. Ten research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $15.33.

Separately, Wall Street Zen initiated coverage on EnLink Midstream in a research report on Thursday, May 15th. They set a “hold” rating for the company.

Hedge Funds Weigh In On EnLink Midstream

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. California State Teachers Retirement System boosted its stake in EnLink Midstream by 10.5% during the fourth quarter. California State Teachers Retirement System now owns 217,731 shares of the pipeline company’s stock worth $3,081,000 after buying an additional 20,725 shares during the last quarter. Ameriflex Group Inc. acquired a new position in EnLink Midstream during the fourth quarter worth $73,000. Forum Financial Management LP lifted its stake in shares of EnLink Midstream by 32.1% in the 4th quarter. Forum Financial Management LP now owns 19,521 shares of the pipeline company’s stock valued at $276,000 after purchasing an additional 4,745 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of EnLink Midstream by 8.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 504,284 shares of the pipeline company’s stock valued at $7,136,000 after purchasing an additional 37,725 shares during the last quarter. Finally, Willis Johnson & Associates Inc. acquired a new position in shares of EnLink Midstream in the 4th quarter valued at $159,000. Institutional investors and hedge funds own 45.87% of the company’s stock.

EnLink Midstream Stock Up 2.9%

EnLink Midstream stock opened at $14.56 on Wednesday. The stock has a market capitalization of $6.65 billion, a PE ratio of 69.33 and a beta of 2.43. EnLink Midstream has a 12 month low of $11.83 and a 12 month high of $16.40. The business has a 50 day simple moving average of $14.56 and a 200-day simple moving average of $14.64. The company has a debt-to-equity ratio of 2.30, a current ratio of 0.42 and a quick ratio of 0.42.

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.