StockNews.com initiated coverage on shares of EnLink Midstream (NYSE:ENLC - Free Report) in a research note published on Wednesday. The brokerage issued a hold rating on the pipeline company's stock.
Several other research firms also recently weighed in on ENLC. Mizuho reiterated a "neutral" rating and issued a $15.00 target price on shares of EnLink Midstream in a report on Thursday, October 31st. US Capital Advisors cut EnLink Midstream from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, November 26th. UBS Group lowered EnLink Midstream from a "buy" rating to a "neutral" rating and set a $16.00 target price on the stock. in a research note on Monday, September 30th. Royal Bank of Canada restated a "sector perform" rating and set a $15.00 target price on shares of EnLink Midstream in a report on Thursday, November 21st. Finally, Raymond James lowered shares of EnLink Midstream from an "outperform" rating to a "market perform" rating in a research note on Friday, November 8th. 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's stock. According to MarketBeat, the stock 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 Up 0.6 %
NYSE:ENLC traded up $0.09 on Wednesday, hitting $15.06. The stock had a trading volume of 1,853,808 shares, compared to its average volume of 2,197,190. The company has a fifty day moving average price of $14.92 and a two-hundred day moving average price of $14.35. The stock has a market cap of $6.88 billion, a price-to-earnings ratio of 71.71 and a beta of 2.43. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 2.30. EnLink Midstream has a 1-year low of $11.53 and a 1-year high of $16.40.
EnLink Midstream (NYSE:ENLC - Get Free Report) last posted its earnings results on Wednesday, November 6th. The pipeline company reported ($0.03) earnings per share (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 business 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. EnLink Midstream's revenue was down 7.9% compared to the same quarter last year. Equities research analysts expect that EnLink Midstream will post 0.51 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Spring Capital Management LLC acquired a new stake in EnLink Midstream in the fourth quarter valued at $283,000. Tidal Investments LLC raised its position in shares of EnLink Midstream by 9.7% during the 3rd quarter. Tidal Investments LLC now owns 18,315 shares of the pipeline company's stock worth $266,000 after acquiring an additional 1,623 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in EnLink Midstream during the third quarter worth approximately $98,000. Sanctuary Advisors LLC boosted its holdings in EnLink Midstream by 8.5% in the third quarter. Sanctuary Advisors LLC now owns 30,031 shares of the pipeline company's stock valued at $473,000 after purchasing an additional 2,362 shares in the last quarter. Finally, Zimmer Partners LP purchased a new position in EnLink Midstream in the third quarter valued at approximately $363,000. Institutional investors and hedge funds own 45.87% of the company's stock.
About EnLink Midstream
(
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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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