EnLink Midstream (NYSE:ENLC) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of EnLink Midstream (NYSE:ENLC) in a research note released on Saturday. The brokerage issued a hold rating on the pipeline company’s stock.

A number of other analysts also recently issued reports on the stock. Raymond James downgraded shares of EnLink Midstream from an “outperform” rating to a “market perform” rating in a report on Friday, November 8th. Royal Bank of Canada restated a “sector perform” rating and set a $15.00 price objective on shares of EnLink Midstream in a report on Thursday, November 21st. Mizuho restated a “neutral” rating and set a $15.00 price objective on shares of EnLink Midstream in a report on Thursday, October 31st. Finally, US Capital Advisors downgraded shares of EnLink Midstream from a “moderate buy” rating to a “hold” rating in a report on Tuesday, November 26th. Eleven research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $15.40.

EnLink Midstream Stock Performance

NYSE ENLC opened at $14.56 on Friday. EnLink Midstream has a 52-week low of $11.55 and a 52-week high of $16.40. The company has a 50-day simple moving average of $14.61 and a 200 day simple moving average of $14.45. The company has a debt-to-equity ratio of 2.30, a quick ratio of 0.42 and a current ratio of 0.42. The company has a market capitalization of $6.65 billion, a PE ratio of 69.33 and a beta of 2.43.

Hedge Funds Weigh In On EnLink Midstream

Several hedge funds have recently bought and sold shares of ENLC. Venturi Wealth Management LLC purchased a new position in EnLink Midstream during the fourth quarter valued at approximately $55,000. Farther Finance Advisors LLC grew its stake in EnLink Midstream by 20,947.6% during the fourth quarter. Farther Finance Advisors LLC now owns 4,420 shares of the pipeline company’s stock valued at $63,000 after acquiring an additional 4,399 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in EnLink Midstream during the third quarter valued at approximately $98,000. Icon Wealth Advisors LLC purchased a new position in EnLink Midstream during the third quarter valued at approximately $107,000. Finally, SG Americas Securities LLC purchased a new position in EnLink Midstream during the fourth quarter valued at approximately $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.