EnLink Midstream (NYSE:ENLC) received a $21.00 price objective from equities researchers at Robert W. Baird in a research report issued on Friday, November 17th. The firm currently has a “hold” rating on the pipeline company’s stock. Robert W. Baird’s target price points to a potential upside of 25.37% from the company’s previous close.
ENLC has been the topic of a number of other reports. Zacks Investment Research upgraded EnLink Midstream from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a research report on Tuesday, October 17th. Seaport Global Securities initiated coverage on EnLink Midstream in a research report on Tuesday, October 10th. They set a “neutral” rating and a $16.00 target price on the stock. BidaskClub cut EnLink Midstream from a “sell” rating to a “strong sell” rating in a research report on Saturday, October 7th. Goldman Sachs Group upgraded EnLink Midstream from a “sell” rating to a “neutral” rating in a research report on Friday, November 17th. Finally, ValuEngine lowered shares of EnLink Midstream from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Three analysts have rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $18.83.
Shares of EnLink Midstream (ENLC) opened at $16.75 on Friday. The firm has a market capitalization of $3,024.87, a PE ratio of 558.33 and a beta of 2.58. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.85 and a current ratio of 0.85. EnLink Midstream has a 12-month low of $15.00 and a 12-month high of $20.45.
Large investors have recently bought and sold shares of the business. The Manufacturers Life Insurance Company grew its stake in shares of EnLink Midstream by 11.8% in the second quarter. The Manufacturers Life Insurance Company now owns 5,684 shares of the pipeline company’s stock worth $100,000 after acquiring an additional 599 shares in the last quarter. Linscomb & Williams Inc. purchased a new stake in shares of EnLink Midstream during the 3rd quarter worth $150,000. WFG Advisors LP lifted its position in shares of EnLink Midstream by 11.5% during the 2nd quarter. WFG Advisors LP now owns 9,201 shares of the pipeline company’s stock worth $162,000 after purchasing an additional 950 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in shares of EnLink Midstream during the 2nd quarter worth $178,000. Finally, Nationwide Fund Advisors lifted its position in shares of EnLink Midstream by 397.6% during the 3rd quarter. Nationwide Fund Advisors now owns 12,013 shares of the pipeline company’s stock worth $207,000 after purchasing an additional 9,599 shares during the last quarter. Institutional investors and hedge funds own 34.09% of the company’s stock.
About EnLink Midstream
EnLink Midstream, LLC is an integrated midstream company. The Company’s assets consist of equity interests in EnLink Midstream Partners, LP (the Partnership) and EnLink Oklahoma Gas Processing, LP (EnLink Oklahoma T.O.). The Partnership is engaged in the gathering, transmission, processing and marketing of natural gas and natural gas liquids (NGLs), condensate and crude oil, as well as providing crude oil, condensate and brine services to producers.
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