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

EnLink Midstream (NYSE:ENLC) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Tuesday.

ENLC has been the topic of several other reports. 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 target price on the stock. Citigroup increased 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. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $14.33.

EnLink Midstream Stock Up 1.3 %

EnLink Midstream stock opened at $14.02 on Tuesday. The business has a fifty day moving average of $13.25 and a two-hundred day moving average of $12.85. The firm has a market cap of $6.33 billion, a P/E ratio of 40.06 and a beta of 2.43. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.76. EnLink Midstream has a twelve month low of $10.59 and a twelve month high of $14.18.

EnLink Midstream (NYSE:ENLC) last issued its quarterly earnings results on Tuesday, April 30th. The pipeline company reported $0.14 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.14. The business had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.79 billion. EnLink Midstream had a return on equity of 8.58% and a net margin of 2.40%. On average, analysts forecast that EnLink Midstream will post 0.62 earnings per share for the current fiscal year.

Institutional Trading of EnLink Midstream

A number of hedge funds have recently added to or reduced their stakes in ENLC. Kayne Anderson Capital Advisors LP lifted its holdings in shares of EnLink Midstream by 6.4% in the 4th quarter. Kayne Anderson Capital Advisors LP now owns 1,860,400 shares of the pipeline company’s stock valued at $22,622,000 after buying an additional 111,300 shares during the period. Hennessy Advisors Inc. lifted its holdings in shares of EnLink Midstream by 13.3% in the 1st quarter. Hennessy Advisors Inc. now owns 2,116,600 shares of the pipeline company’s stock valued at $28,870,000 after buying an additional 248,100 shares during the period. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of EnLink Midstream by 240.5% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 372,500 shares of the pipeline company’s stock valued at $4,530,000 after buying an additional 263,100 shares during the period. Miller Howard Investments Inc. NY raised its holdings in EnLink Midstream by 3.3% during the first quarter. Miller Howard Investments Inc. NY now owns 2,160,476 shares of the pipeline company’s stock worth $29,469,000 after purchasing an additional 68,877 shares during the last quarter. Finally, TCG Advisory Services LLC acquired a new position in EnLink Midstream during the fourth quarter worth $2,991,000. 45.87% of the stock is owned by institutional investors and hedge funds.

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.