EnLink Midstream, LLC (NYSE:ENLC) Given Consensus Rating of “Hold” by Brokerages

Shares of EnLink Midstream, LLC (NYSE:ENLC) have been given a consensus recommendation of “Hold” by the thirteen ratings firms that are covering the company, MarketBeat Ratings reports. Ten research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $15.40.

Several equities analysts have issued reports on ENLC shares. StockNews.com began coverage on shares of EnLink Midstream in a research note on Monday, February 24th. They issued a “hold” rating for the company. US Capital Advisors downgraded shares of EnLink Midstream from a “moderate buy” rating to a “hold” rating in a report on Tuesday, November 26th. Royal Bank of Canada reissued a “sector perform” rating and issued a $15.00 price objective on shares of EnLink Midstream in a research report on Thursday, November 21st. Finally, Raymond James lowered EnLink Midstream from an “outperform” rating to a “market perform” rating in a research note on Friday, November 8th.

Institutional Investors Weigh In On EnLink Midstream

Institutional investors and hedge funds have recently modified their holdings of the stock. Ameriprise Financial Inc. grew its stake in shares of EnLink Midstream by 5.2% during the fourth quarter. Ameriprise Financial Inc. now owns 15,261 shares of the pipeline company’s stock valued at $216,000 after acquiring an additional 753 shares in the last quarter. HighTower Advisors LLC increased its position in EnLink Midstream by 6.1% in 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 during the period. Citigroup Inc. increased its holdings in shares of EnLink Midstream by 0.6% in the 3rd quarter. Citigroup Inc. now owns 267,761 shares of the pipeline company’s stock worth $3,885,000 after acquiring an additional 1,473 shares during the period. Tidal Investments LLC increased its stake 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 purchasing an additional 1,623 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its stake in EnLink Midstream by 13.9% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 16,090 shares of the pipeline company’s stock valued at $233,000 after acquiring an additional 1,958 shares in the last quarter. Hedge funds and other institutional investors own 45.87% of the company’s stock.

EnLink Midstream Stock Performance

Shares of ENLC stock opened at $14.56 on Monday. The firm has a fifty day moving average price of $14.55 and a 200 day moving average price of $14.60. The company has a market cap of $6.65 billion, a P/E ratio of 69.33 and a beta of 2.43. EnLink Midstream has a 12 month low of $11.55 and a 12 month 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.

About EnLink Midstream

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.