EnLink Midstream (NYSE:ENLC) Stock Rating Lowered by UBS Group

EnLink Midstream (NYSE:ENLC) was downgraded by equities research analysts at UBS Group from a “buy” rating to a “neutral” rating in a research report issued on Monday, Briefing.com reports. They presently have a $16.00 price target on the pipeline company’s stock. UBS Group’s target price would indicate a potential upside of 11.81% from the stock’s current price.

Other equities research analysts have also issued reports about the company. Morgan Stanley lowered EnLink Midstream from an “overweight” rating to an “equal weight” rating and set a $16.00 target price for the company. in a report on Monday, September 16th. Capital One Financial restated an “equal weight” rating and issued a $16.00 target price on shares of EnLink Midstream in a report on Tuesday, September 3rd. Tudor Pickering upgraded EnLink Midstream to a “strong-buy” rating in a report on Friday, August 16th. Wells Fargo & Company downgraded EnLink Midstream from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $16.00 to $15.00 in a research report on Friday, August 30th. Finally, StockNews.com raised EnLink Midstream from a “hold” rating to a “buy” rating in a research report on Tuesday, September 10th. Seven research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.44.

EnLink Midstream Stock Down 1.4 %

Shares of EnLink Midstream stock opened at $14.31 on Monday. The firm has a market cap of $6.60 billion, a price-to-earnings ratio of 40.89 and a beta of 2.40. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.65 and a quick ratio of 0.65. EnLink Midstream has a 52-week low of $11.44 and a 52-week high of $14.80. The stock has a 50-day simple moving average of $13.71 and a 200-day simple moving average of $13.52.

EnLink Midstream (NYSE:ENLC) last posted its earnings results on Tuesday, August 6th. The pipeline company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.06). EnLink Midstream had a return on equity of 8.22% and a net margin of 2.15%. The company had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.90 billion. During the same quarter last year, the firm posted $0.12 earnings per share. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. On average, equities research analysts expect that EnLink Midstream will post 0.59 earnings per share for the current fiscal year.

Institutional Trading of EnLink Midstream

Large investors have recently bought and sold shares of the stock. Clearbridge Investments LLC acquired a new position in EnLink Midstream in the first quarter worth $873,000. Hennessy Advisors Inc. boosted its stake in EnLink Midstream by 13.3% in the first quarter. Hennessy Advisors Inc. now owns 2,116,600 shares of the pipeline company’s stock worth $28,870,000 after purchasing an additional 248,100 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in EnLink Midstream by 240.5% in the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 372,500 shares of the pipeline company’s stock worth $4,530,000 after purchasing an additional 263,100 shares in the last quarter. Miller Howard Investments Inc. NY boosted its stake in EnLink Midstream by 3.3% in 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 in the last quarter. Finally, Janus Henderson Group PLC acquired a new position in EnLink Midstream in the first quarter worth $1,453,000. 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.