EnLink Midstream, LLC (NYSE:ENLC - Get Free Report) shares saw an uptick in trading volume on Wednesday . 4,822,476 shares traded hands during trading, an increase of 44% from the previous session's volume of 3,345,005 shares.The stock last traded at $14.13 and had previously closed at $14.16.
Analysts Set New Price Targets
A number of equities research analysts have weighed in on the stock. Royal Bank of Canada reissued a "sector perform" rating and set a $15.00 target price on shares of EnLink Midstream in a report on Thursday, November 21st. US Capital Advisors downgraded EnLink Midstream from a "moderate buy" rating to a "hold" rating in a report on Tuesday, November 26th. StockNews.com started coverage on EnLink Midstream in a research report on Thursday, January 23rd. They set a "hold" rating for the company. Raymond James downgraded EnLink Midstream from an "outperform" rating to a "market perform" rating in a report on Friday, November 8th. Finally, Mizuho restated a "neutral" rating and set a $15.00 price objective 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 issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $15.40.
Read Our Latest Stock Analysis on EnLink Midstream
EnLink Midstream Trading Down 0.1 %
The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 2.30. The firm has a market cap of $6.47 billion, a P/E ratio of 67.36 and a beta of 2.43. The firm's 50-day simple moving average is $14.82 and its 200 day simple moving average is $14.43.
EnLink Midstream (NYSE:ENLC - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The pipeline company reported ($0.03) EPS for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $1.98 billion. During the same period last year, the firm posted $0.10 EPS. The company's revenue for the quarter was down 7.9% compared to the same quarter last year. As a group, analysts expect that EnLink Midstream, LLC will post 0.46 earnings per share for the current year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the company. Newbridge Financial Services Group Inc. purchased a new stake in EnLink Midstream during the second quarter valued at about $56,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of EnLink Midstream during the 3rd quarter valued at approximately $98,000. Icon Wealth Advisors LLC bought a new position in EnLink Midstream in the 3rd quarter worth approximately $107,000. SG Americas Securities LLC purchased a new position in EnLink Midstream in the 4th quarter valued at approximately $114,000. Finally, Sunbelt Securities Inc. raised its holdings in EnLink Midstream by 21.9% during the 2nd quarter. Sunbelt Securities Inc. now owns 8,396 shares of the pipeline company's stock valued at $116,000 after acquiring an additional 1,511 shares during the period. Institutional investors own 45.87% of the company's stock.
About EnLink Midstream
(
Get Free Report)
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.
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