EnLink Midstream (NYSE:ENLC) Earns Neutral Rating from Mizuho

EnLink Midstream (NYSE:ENLC)‘s stock had its “neutral” rating restated by stock analysts at Mizuho in a report issued on Thursday, MarketBeat Ratings reports. They currently have a $15.00 target price on the pipeline company’s stock. Mizuho’s price target would suggest a potential upside of 2.04% from the stock’s previous close.

Several other analysts have also weighed in on the stock. UBS Group lowered shares of EnLink Midstream from a “buy” rating to a “neutral” rating and set a $16.00 target price for the company. in a research note on Monday, September 30th. Royal Bank of Canada reiterated a “sector perform” rating and set a $15.00 price objective on shares of EnLink Midstream in a research note on Thursday, August 29th. Tudor Pickering raised EnLink Midstream to a “strong-buy” rating in a report on Friday, August 16th. JPMorgan Chase & Co. upped their price objective on EnLink Midstream from $14.00 to $15.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 10th. Finally, Capital One Financial reissued an “equal weight” rating and set a $16.00 price target on shares of EnLink Midstream in a report on Tuesday, September 3rd. Eight investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $15.40.

EnLink Midstream Price Performance

ENLC opened at $14.70 on Thursday. The company has a market capitalization of $6.78 billion, a P/E ratio of 49.00 and a beta of 2.41. The company has a 50-day moving average of $14.51 and a 200-day moving average of $13.73. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.65 and a current ratio of 0.65. EnLink Midstream has a 1-year low of $11.53 and a 1-year high of $14.96.

EnLink Midstream (NYSE:ENLC) last announced its quarterly earnings data on Tuesday, August 6th. The pipeline company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.06). The firm had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.90 billion. EnLink Midstream had a net margin of 2.15% and a return on equity of 8.22%. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.12 EPS. Equities analysts expect that EnLink Midstream will post 0.58 EPS for the current fiscal year.

Insider Buying and Selling at EnLink Midstream

In other EnLink Midstream news, major shareholder Infrastructure Investor Global sold 200,340,753 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $14.90, for a total value of $2,985,077,219.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.84% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On EnLink Midstream

Institutional investors and hedge funds have recently modified their holdings of the stock. ORG Partners LLC purchased a new stake in EnLink Midstream during the second quarter valued at about $28,000. Newbridge Financial Services Group Inc. acquired a new position in EnLink Midstream during the second quarter valued at $56,000. SG Americas Securities LLC purchased a new stake in EnLink Midstream in the 1st quarter worth about $105,000. First Horizon Advisors Inc. boosted its position in EnLink Midstream by 12.5% during the 2nd quarter. First Horizon Advisors Inc. now owns 7,702 shares of the pipeline company’s stock worth $106,000 after acquiring an additional 853 shares during the period. Finally, Sunbelt Securities Inc. grew its stake in EnLink Midstream by 21.9% during the 2nd quarter. Sunbelt Securities Inc. now owns 8,396 shares of the pipeline company’s stock valued at $116,000 after acquiring an additional 1,511 shares in the last quarter. Institutional investors and hedge funds own 45.87% of the company’s stock.

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.