EnLink Midstream, LLC (NYSE:ENLC) Given Average Rating of "Hold" by Analysts

Shares of EnLink Midstream, LLC (NYSE:ENLC - Get Free Report) have been assigned a consensus recommendation of "Hold" from the thirteen research firms that are presently covering the company, MarketBeat.com reports. Ten investment analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $15.40.

ENLC has been the topic of a number of research analyst reports. US Capital Advisors downgraded shares of EnLink Midstream from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, November 26th. Raymond James cut EnLink Midstream from an "outperform" rating to a "market perform" rating in a report on Friday, November 8th. Mizuho reiterated a "neutral" rating and set a $15.00 price objective on shares of EnLink Midstream in a research report on Thursday, October 31st. StockNews.com started coverage on EnLink Midstream in a research report on Thursday, January 23rd. They issued a "hold" rating on the stock. Finally, Royal Bank of Canada restated a "sector perform" rating and set a $15.00 price target on shares of EnLink Midstream in a research note on Thursday, November 21st.

EnLink Midstream Stock Down 0.3 %

NYSE ENLC traded down $0.04 during mid-day trading on Thursday, reaching $14.11. The stock had a trading volume of 94,477,550 shares, compared to its average volume of 9,086,654. The stock has a market cap of $6.45 billion, a PE ratio of 67.18 and a beta of 2.43. EnLink Midstream has a 1 year low of $11.55 and a 1 year high of $16.40. 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 fifty day moving average price of $14.79 and a 200 day moving average price of $14.43.

EnLink Midstream (NYSE:ENLC - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The pipeline company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.13 by ($0.16). EnLink Midstream had a net margin of 1.96% and a return on equity of 9.51%. The business had revenue of $1.61 billion for the quarter, compared to analysts' expectations of $1.98 billion. During the same period last year, the business earned $0.10 earnings per share. The company's quarterly revenue was down 7.9% on a year-over-year basis. On average, research analysts expect that EnLink Midstream will post 0.46 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Newbridge Financial Services Group Inc. purchased a new position in shares of EnLink Midstream in the second quarter worth $56,000. Wilmington Savings Fund Society FSB purchased a new stake in EnLink Midstream in the 3rd quarter worth $98,000. Icon Wealth Advisors LLC bought a new position in shares of EnLink Midstream during the 3rd quarter valued at about $107,000. SG Americas Securities LLC purchased a new position in shares of EnLink Midstream during the fourth quarter valued at about $114,000. Finally, Sunbelt Securities Inc. increased its holdings in shares of EnLink Midstream by 21.9% in the second quarter. Sunbelt Securities Inc. now owns 8,396 shares of the pipeline company's stock worth $116,000 after purchasing an additional 1,511 shares during the last quarter. 45.87% of the stock is currently owned by institutional investors.

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.