EnLink Midstream (NYSE:ENLC) Stock Rating Upgraded by StockNews.com

EnLink Midstream (NYSE:ENLC) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday.

A number of other analysts have also recently commented on the company. Capital One Financial assumed coverage on EnLink Midstream in a research report on Friday, March 22nd. They issued an “overweight” rating and a $15.00 price target on the stock. Wells Fargo & Company raised EnLink Midstream from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $13.00 to $17.00 in a research report on Monday. Finally, Citigroup boosted their price target on EnLink Midstream from $13.00 to $16.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $15.33.

EnLink Midstream Stock Up 0.2 %

Shares of NYSE:ENLC opened at $13.70 on Wednesday. EnLink Midstream has a 1 year low of $10.91 and a 1 year high of $14.18. The company has a market cap of $6.18 billion, a PE ratio of 39.14 and a beta of 2.43. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.78 and a quick ratio of 0.78. The stock’s 50-day moving average is $13.28 and its 200 day moving average is $12.91.

EnLink Midstream (NYSE:ENLC) last posted its quarterly earnings data on Tuesday, April 30th. The pipeline company reported $0.14 earnings per share for the quarter, meeting the consensus estimate of $0.14. The business had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.79 billion. EnLink Midstream had a return on equity of 8.58% and a net margin of 2.40%. Sell-side analysts anticipate that EnLink Midstream will post 0.62 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Goldman Sachs Group Inc. boosted its holdings in EnLink Midstream by 1.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 15,964,328 shares of the pipeline company’s stock worth $194,126,000 after buying an additional 186,801 shares during the period. Chickasaw Capital Management LLC boosted its holdings in EnLink Midstream by 5.5% in the 2nd quarter. Chickasaw Capital Management LLC now owns 14,602,011 shares of the pipeline company’s stock worth $200,924,000 after buying an additional 759,994 shares during the period. Dimensional Fund Advisors LP boosted its holdings in EnLink Midstream by 5.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,736,175 shares of the pipeline company’s stock worth $81,911,000 after buying an additional 342,204 shares during the period. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT boosted its holdings in EnLink Midstream by 13.9% in the 4th quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 3,093,557 shares of the pipeline company’s stock worth $37,618,000 after buying an additional 378,450 shares during the period. Finally, Westwood Holdings Group Inc. boosted its holdings in EnLink Midstream by 22.8% in the 1st quarter. Westwood Holdings Group Inc. now owns 2,245,529 shares of the pipeline company’s stock worth $30,629,000 after buying an additional 416,424 shares during the period. 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.