Analysts Set EnLink Midstream, LLC (NYSE:ENLC) PT at $15.40

Shares of EnLink Midstream, LLC (NYSE:ENLC) have received a consensus recommendation of “Hold” from the thirteen analysts that are presently covering the stock, Marketbeat Ratings reports. Ten equities research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $15.40.

A number of equities research analysts have weighed in on the stock. StockNews.com assumed coverage on shares of EnLink Midstream in a research note on Friday. They set a “hold” rating for the company. US Capital Advisors lowered shares of EnLink Midstream from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Royal Bank of Canada reiterated a “sector perform” rating and set a $15.00 target price on shares of EnLink Midstream in a research note on Thursday, November 21st. Mizuho reiterated a “neutral” rating and set a $15.00 target price on shares of EnLink Midstream in a research note on Thursday, October 31st. Finally, Raymond James lowered shares of EnLink Midstream from an “outperform” rating to a “market perform” rating in a research note on Friday, November 8th.

Institutional Trading of EnLink Midstream

Hedge funds have recently bought and sold shares of the stock. Citigroup Inc. raised its position in shares of EnLink Midstream by 0.6% during the 3rd quarter. Citigroup Inc. now owns 267,761 shares of the pipeline company’s stock valued at $3,885,000 after buying an additional 1,473 shares in the last quarter. Sunbelt Securities Inc. raised its position in EnLink Midstream by 21.9% in the 2nd quarter. Sunbelt Securities Inc. now owns 8,396 shares of the pipeline company’s stock worth $116,000 after purchasing an additional 1,511 shares during the period. Tidal Investments LLC raised its position in EnLink Midstream by 9.7% in the 3rd quarter. Tidal Investments LLC now owns 18,315 shares of the pipeline company’s stock worth $266,000 after purchasing an additional 1,623 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in EnLink Midstream by 13.9% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 16,090 shares of the pipeline company’s stock worth $233,000 after purchasing an additional 1,958 shares during the period. Finally, SL Advisors LLC raised its position in EnLink Midstream by 3.0% in the 3rd quarter. SL Advisors LLC now owns 67,260 shares of the pipeline company’s stock worth $976,000 after purchasing an additional 1,985 shares during the period. Hedge funds and other institutional investors own 45.87% of the company’s stock.

EnLink Midstream Price Performance

Shares of NYSE ENLC opened at $14.56 on Thursday. EnLink Midstream has a twelve month low of $11.55 and a twelve month high of $16.40. The firm has a market cap of $6.65 billion, a P/E ratio of 69.33 and a beta of 2.43. The company has a 50 day moving average of $14.74 and a 200 day moving average of $14.43. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 2.30.

EnLink Midstream (NYSE:ENLC) last announced its quarterly earnings data on Wednesday, November 6th. The pipeline company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.16). The firm had revenue of $1.61 billion during the quarter, compared to analysts’ expectations 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 was down 7.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.10 earnings per share. As a group, research analysts expect that EnLink Midstream will post 0.46 EPS for the current fiscal year.

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.