EnLink Midstream, LLC (NYSE:ENLC)‘s stock had its “hold” rating restated by analysts at Royal Bank Of Canada in a report released on Monday, July 31st. They currently have a $21.00 price target on the pipeline company’s stock. Royal Bank Of Canada’s price target suggests a potential upside of 28.44% from the company’s previous close.
A number of other brokerages have also issued reports on ENLC. BidaskClub raised EnLink Midstream from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 24th. Zacks Investment Research lowered EnLink Midstream from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 4th. TheStreet raised EnLink Midstream from a “d” rating to a “c-” rating in a research note on Friday, June 2nd. Jefferies Group LLC raised EnLink Midstream from an “underperform” rating to a “hold” rating and decreased their price target for the stock from $16.00 to $15.00 in a research note on Wednesday, July 12th. Finally, Guggenheim assumed coverage on EnLink Midstream in a research report on Monday, April 17th. They set a “neutral” rating and a $18.00 target price for the company. Three analysts have rated the stock with a sell rating and nine have given a hold rating to the company. EnLink Midstream has a consensus rating of “Hold” and a consensus price target of $18.55.
EnLink Midstream (NYSE ENLC) traded up 0.93% during mid-day trading on Monday, reaching $16.35. The company had a trading volume of 277,306 shares. The firm has a 50-day moving average of $17.38 and a 200 day moving average of $18.11. EnLink Midstream has a 1-year low of $14.70 and a 1-year high of $20.45. The company has a market capitalization of $2.95 billion, a PE ratio of 4087.50 and a beta of 2.58.
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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Neuberger Berman Group LLC raised its position in EnLink Midstream by 0.7% in the second quarter. Neuberger Berman Group LLC now owns 16,519 shares of the pipeline company’s stock valued at $291,000 after buying an additional 109 shares during the last quarter. LVW Advisors LLC increased its position in shares of EnLink Midstream by 0.5% in the first quarter. LVW Advisors LLC now owns 51,725 shares of the pipeline company’s stock valued at $1,003,000 after buying an additional 250 shares during the period. Northern Trust Corp increased its position in shares of EnLink Midstream by 0.4% in the second quarter. Northern Trust Corp now owns 102,348 shares of the pipeline company’s stock valued at $1,802,000 after buying an additional 386 shares during the period. Ameriprise Financial Inc. increased its position in shares of EnLink Midstream by 3.1% in the first quarter. Ameriprise Financial Inc. now owns 13,742 shares of the pipeline company’s stock valued at $266,000 after buying an additional 412 shares during the period. Finally, Proficio Capital Partners LLC increased its position in shares of EnLink Midstream by 4.2% in the first quarter. Proficio Capital Partners LLC now owns 12,655 shares of the pipeline company’s stock valued at $228,000 after buying an additional 513 shares during the period. 33.79% of the stock is owned by hedge funds and other institutional investors.
EnLink Midstream Company Profile
EnLink Midstream, LLC is an integrated midstream company. The Company’s assets consist of equity interests in EnLink Midstream Partners, LP (the Partnership) and EnLink Oklahoma Gas Processing, LP (EnLink Oklahoma T.O.). The Partnership is engaged in the gathering, transmission, processing and marketing of natural gas and natural gas liquids (NGLs), condensate and crude oil, as well as providing crude oil, condensate and brine services to producers.
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