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

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

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

EnLink Midstream Trading Up 2.9 %

Shares of NYSE ENLC opened at $14.56 on Thursday. The stock’s 50 day moving average price is $14.69 and its two-hundred day moving average price is $14.44. EnLink Midstream has a 52-week low of $11.55 and a 52-week high of $16.40. The stock has a market capitalization of $6.65 billion, a P/E ratio of 69.33 and a beta of 2.43. 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 results 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 company had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.98 billion. EnLink Midstream had a return on equity of 9.51% and a net margin of 1.96%. The firm’s revenue for the quarter was down 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.10 earnings per share. On average, analysts anticipate that EnLink Midstream will post 0.46 earnings per share for the current fiscal year.

Hedge Funds Weigh In On EnLink Midstream

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Alberta Investment Management Corp bought a new position in EnLink Midstream during the 4th quarter valued at $1,415,000. Atria Wealth Solutions Inc. bought a new position in EnLink Midstream during the 4th quarter valued at $272,000. Venturi Wealth Management LLC bought a new position in EnLink Midstream during the 4th quarter valued at $55,000. Sanctuary Advisors LLC boosted its stake in EnLink Midstream by 22.8% during the 4th quarter. Sanctuary Advisors LLC now owns 36,883 shares of the pipeline company’s stock valued at $521,000 after purchasing an additional 6,852 shares in the last quarter. Finally, Lee Financial Co boosted its stake in EnLink Midstream by 4.3% during the 4th quarter. Lee Financial Co now owns 99,535 shares of the pipeline company’s stock valued at $1,408,000 after purchasing an additional 4,086 shares in the last quarter. 45.87% of the stock is 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.