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

EnLink Midstream, LLC (NYSE:ENLC) has received an average recommendation of “Hold” from the thirteen research firms that are covering the company, Marketbeat Ratings reports. Ten investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $15.40.

A number of research analysts have commented on ENLC shares. StockNews.com assumed coverage on EnLink Midstream in a research note on Thursday, March 20th. They issued a “hold” rating on the stock. US Capital Advisors cut EnLink Midstream from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, November 26th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Segment Wealth Management LLC boosted its holdings in EnLink Midstream by 44.8% during the fourth quarter. Segment Wealth Management LLC now owns 208,381 shares of the pipeline company’s stock valued at $2,949,000 after acquiring an additional 64,512 shares during the period. Pacer Advisors Inc. lifted its position in shares of EnLink Midstream by 26.7% during the 4th quarter. Pacer Advisors Inc. now owns 128,009 shares of the pipeline company’s stock worth $1,811,000 after purchasing an additional 26,937 shares during the last quarter. Walleye Capital LLC boosted its stake in EnLink Midstream by 1,829.6% during the 3rd quarter. Walleye Capital LLC now owns 282,246 shares of the pipeline company’s stock valued at $4,095,000 after purchasing an additional 267,619 shares during the period. Wellington Management Group LLP grew its holdings in EnLink Midstream by 268.0% in the 3rd quarter. Wellington Management Group LLP now owns 402,099 shares of the pipeline company’s stock valued at $5,834,000 after buying an additional 292,833 shares during the last quarter. Finally, Caprock Group LLC bought a new position in EnLink Midstream in the 4th quarter worth approximately $284,000. 45.87% of the stock is currently owned by institutional investors and hedge funds.

EnLink Midstream Trading Up 2.9 %

Shares of NYSE:ENLC opened at $14.56 on Friday. EnLink Midstream has a 12-month low of $11.83 and a 12-month high of $16.40. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 2.30. The firm has a market capitalization of $6.65 billion, a P/E ratio of 69.33 and a beta of 2.43. The firm has a fifty day moving average of $14.62 and a two-hundred day moving average of $14.73.

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.