EnLink Midstream (NYSE:ENLC) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of EnLink Midstream (NYSE:ENLC) in a research report sent to investors on Tuesday. The firm issued a hold rating on the pipeline company’s stock.

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

EnLink Midstream Stock Up 2.9 %

ENLC stock opened at $14.56 on Tuesday. 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 has a 1-year low of $11.83 and a 1-year high of $16.40. The firm has a fifty day moving average price of $14.57 and a two-hundred day moving average price of $14.65. The firm has a market cap of $6.65 billion, a price-to-earnings ratio of 69.33 and a beta of 2.43.

Institutional Investors Weigh In On EnLink Midstream

Several institutional investors have recently bought and sold shares of ENLC. Venturi Wealth Management LLC acquired a new stake in EnLink Midstream in the fourth quarter worth about $55,000. Farther Finance Advisors LLC raised its position in EnLink Midstream by 20,947.6% in the fourth quarter. Farther Finance Advisors LLC now owns 4,420 shares of the pipeline company’s stock worth $63,000 after acquiring an additional 4,399 shares in the last quarter. Ameriflex Group Inc. bought a new stake in EnLink Midstream in the fourth quarter worth about $73,000. Wilmington Savings Fund Society FSB bought a new stake in EnLink Midstream in the third quarter worth about $98,000. Finally, Icon Wealth Advisors LLC bought a new stake in EnLink Midstream in the third quarter worth about $107,000. Institutional investors and hedge funds own 45.87% of the company’s stock.

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.