EnLink Midstream (NYSE:ENLC) had its price objective decreased by Bank of America from $18.00 to $17.00 in a research report issued to clients and investors on Thursday. The firm currently has a “neutral” rating on the pipeline company’s stock. Bank of America’s target price indicates a potential upside of 8.28% from the stock’s current price.
ENLC has been the topic of a number of other research reports. Credit Suisse Group started coverage on shares of EnLink Midstream in a report on Thursday, January 4th. They set a “neutral” rating and a $19.00 target price on the stock. Robert W. Baird set a $21.00 target price on shares of EnLink Midstream and gave the company a “hold” rating in a report on Friday, November 17th. Goldman Sachs Group upgraded shares of EnLink Midstream from a “sell” rating to a “neutral” rating in a report on Friday, November 17th. Citigroup dropped their target price on shares of EnLink Midstream from $21.00 to $19.00 and set a “buy” rating on the stock in a report on Thursday, November 2nd. Finally, BidaskClub upgraded shares of EnLink Midstream from a “strong sell” rating to a “sell” rating in a report on Tuesday, November 7th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $18.50.
Shares of EnLink Midstream (ENLC) traded down $0.05 during mid-day trading on Thursday, hitting $15.70. 85,149 shares of the stock were exchanged, compared to its average volume of 381,125. EnLink Midstream has a 1 year low of $15.00 and a 1 year high of $20.45. The company has a market cap of $3,051.95, a PE ratio of 13.62 and a beta of 2.47. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.65.
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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