EnLink Midstream (NYSE:ENLC) Now Covered by StockNews.com

StockNews.com began coverage on shares of EnLink Midstream (NYSE:ENLC - Free Report) in a report released on Friday. The brokerage issued a hold rating on the pipeline company's stock.

Other analysts also recently issued reports about the company. Royal Bank of Canada restated a "sector perform" rating and issued a $15.00 target price on shares of EnLink Midstream in a research note on Thursday, November 21st. US Capital Advisors cut EnLink Midstream from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, November 26th. Raymond James lowered EnLink Midstream from an "outperform" rating to a "market perform" rating in a research report on Friday, November 8th. Finally, Mizuho reissued a "neutral" rating and issued a $15.00 price target on shares of EnLink Midstream in a research report on Thursday, October 31st. Eleven investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $15.40.

EnLink Midstream Trading Up 2.9 %

ENLC stock traded up $0.41 during mid-day trading on Friday, reaching $14.56. The company's stock had a trading volume of 95,115,676 shares, compared to its average volume of 3,910,954. EnLink Midstream has a 12 month low of $11.55 and a 12 month high of $16.40. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 2.30. The business's 50 day moving average price is $14.74 and its 200 day moving average price is $14.43. The company has a market cap of $6.65 billion, a price-to-earnings ratio of 69.33 and a beta of 2.43.

EnLink Midstream (NYSE:ENLC - Get Free Report) last announced 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 return on equity of 9.51% and a net margin of 1.96%. The company had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same period last year, the business earned $0.10 EPS. The business's quarterly revenue was down 7.9% compared to the same quarter last year. On average, equities research analysts predict that EnLink Midstream will post 0.46 EPS for the current year.

Institutional Trading of EnLink Midstream

Several institutional investors and hedge funds have recently made changes to their positions in ENLC. Venturi Wealth Management LLC purchased a new position in EnLink Midstream in the fourth quarter worth $55,000. Newbridge Financial Services Group Inc. bought a new stake in shares of EnLink Midstream during the 2nd quarter worth $56,000. Wilmington Savings Fund Society FSB purchased a new position in shares of EnLink Midstream in the 3rd quarter worth about $98,000. Icon Wealth Advisors LLC purchased a new position in shares of EnLink Midstream in the 3rd quarter worth about $107,000. Finally, SG Americas Securities LLC bought a new position in EnLink Midstream during the fourth quarter valued at about $114,000. Hedge funds and other institutional investors 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.