StockNews.com Begins Coverage on EnLink Midstream (NYSE:ENLC)

StockNews.com started coverage on shares of EnLink Midstream (NYSE:ENLC) in a research note published on Monday. The brokerage issued a hold rating on the pipeline company’s stock.

ENLC has been the topic of a number of other reports. US Capital Advisors downgraded EnLink Midstream from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Royal Bank of Canada reiterated a “sector perform” rating and set a $15.00 price target on shares of EnLink Midstream in a report on Thursday, November 21st. Raymond James cut shares of EnLink Midstream from an “outperform” rating to a “market perform” rating in a research note on Friday, November 8th. Finally, Mizuho reiterated a “neutral” rating and issued a $15.00 target price on shares of EnLink Midstream in a research note on Thursday, October 31st. Eleven equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $15.40.

EnLink Midstream Trading Up 2.9 %

EnLink Midstream stock opened at $14.56 on Monday. EnLink Midstream has a one year low of $11.55 and a one year high of $16.40. The company’s fifty day moving average price is $14.53 and its two-hundred day moving average price is $14.58. The company has a debt-to-equity ratio of 2.30, a current ratio of 0.42 and a quick ratio of 0.42. The company has a market capitalization of $6.65 billion, a price-to-earnings ratio of 69.33 and a beta of 2.43.

Institutional Trading of EnLink Midstream

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Van ECK Associates Corp raised its position in shares of EnLink Midstream by 100.8% during the third quarter. Van ECK Associates Corp now owns 127,462 shares of the pipeline company’s stock valued at $1,883,000 after buying an additional 63,997 shares during the last quarter. Segment Wealth Management LLC increased its stake in EnLink Midstream by 44.8% during the fourth quarter. Segment Wealth Management LLC now owns 208,381 shares of the pipeline company’s stock valued at $2,949,000 after acquiring an additional 64,512 shares during the period. Pacer Advisors Inc. increased its stake in EnLink Midstream by 26.7% during the fourth quarter. Pacer Advisors Inc. now owns 128,009 shares of the pipeline company’s stock valued at $1,811,000 after acquiring an additional 26,937 shares during the period. Walleye Capital LLC raised its holdings in EnLink Midstream by 1,829.6% in the 3rd quarter. Walleye Capital LLC now owns 282,246 shares of the pipeline company’s stock valued at $4,095,000 after acquiring an additional 267,619 shares in the last quarter. Finally, Wellington Management Group LLP lifted its position in shares of EnLink Midstream by 268.0% in the 3rd quarter. Wellington Management Group LLP now owns 402,099 shares of the pipeline company’s stock worth $5,834,000 after acquiring an additional 292,833 shares during the period. 45.87% of the stock is currently owned by institutional investors and hedge funds.

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.