EnLink Midstream (NYSE:ENLC) Earns Hold Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of EnLink Midstream (NYSE:ENLC) in a research report report published on Thursday. The brokerage issued a hold rating on the pipeline company’s stock.

Other research analysts also recently issued research reports about the stock. US Capital Advisors downgraded shares of EnLink Midstream from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, November 26th. UBS Group cut EnLink Midstream from a “buy” rating to a “neutral” rating and set a $16.00 price objective on the stock. in a research note on Monday, September 30th. Mizuho restated a “neutral” rating and issued a $15.00 target price on shares of EnLink Midstream in a research note on Thursday, October 31st. Royal Bank of Canada restated a “sector perform” rating and set a $15.00 price objective on shares of EnLink Midstream in a research note on Thursday, November 21st. Finally, Raymond James downgraded shares of EnLink Midstream from an “outperform” rating to a “market perform” rating in a research report on Friday, November 8th. Eleven investment 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 company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $15.40.

EnLink Midstream Stock Down 0.4 %

EnLink Midstream stock opened at $14.72 on Thursday. The stock’s fifty day simple moving average is $14.88 and its 200-day simple moving average is $14.41. The firm has a market capitalization of $6.73 billion, a P/E ratio of 70.07 and a beta of 2.43. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 2.30. EnLink Midstream has a twelve month low of $11.55 and a twelve month high of $16.40.

EnLink Midstream (NYSE:ENLC) last released its quarterly 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). The firm had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.98 billion. EnLink Midstream had a return on equity of 9.51% and a net margin of 1.96%. EnLink Midstream’s revenue for the quarter was down 7.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.10 earnings per share. As a group, equities analysts expect that EnLink Midstream will post 0.46 earnings per share for the current fiscal year.

Institutional Trading of EnLink Midstream

Hedge funds have recently bought and sold shares of the company. Van ECK Associates Corp boosted its stake in EnLink Midstream by 100.8% during the 3rd quarter. Van ECK Associates Corp now owns 127,462 shares of the pipeline company’s stock valued at $1,883,000 after purchasing an additional 63,997 shares in the last quarter. Segment Wealth Management LLC grew its stake in EnLink Midstream by 44.8% during the 4th quarter. Segment Wealth Management LLC now owns 208,381 shares of the pipeline company’s stock valued at $2,949,000 after acquiring an additional 64,512 shares in the last quarter. Walleye Capital LLC increased its stake in EnLink Midstream by 1,829.6% in the 3rd quarter. Walleye Capital LLC now owns 282,246 shares of the pipeline company’s stock valued at $4,095,000 after buying an additional 267,619 shares during the period. Wellington Management Group LLP boosted its stake in shares of EnLink Midstream by 268.0% during the 3rd quarter. Wellington Management Group LLP now owns 402,099 shares of the pipeline company’s stock valued at $5,834,000 after buying an additional 292,833 shares during the period. Finally, Catalyst Capital Advisors LLC grew its stake in EnLink Midstream by 120.1% in the third quarter. Catalyst Capital Advisors LLC now owns 2,091,554 shares of the pipeline company’s stock valued at $30,348,000 after purchasing an additional 1,141,254 shares in the last quarter. 45.87% of the stock is currently owned by institutional investors.

EnLink Midstream Company Profile

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.