EnLink Midstream (NYSE:ENLC) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of EnLink Midstream (NYSE:ENLC) in a research report released on Thursday. The brokerage issued a hold rating on the pipeline company’s stock.

Several other equities analysts also recently commented on ENLC. US Capital Advisors downgraded 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 reaffirmed a “sector perform” rating and set a $15.00 price target on shares of EnLink Midstream in a research note on Thursday, November 21st. Eleven investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, EnLink Midstream currently has an average rating of “Hold” and a consensus target price of $15.40.

EnLink Midstream Price Performance

Shares of NYSE:ENLC opened at $14.56 on Thursday. The company has a market cap of $6.65 billion, a price-to-earnings ratio of 69.33 and a beta of 2.43. The company has a debt-to-equity ratio of 2.30, a current ratio of 0.42 and a quick ratio of 0.42. The firm has a 50 day simple moving average of $14.63 and a 200 day simple moving average of $14.73. EnLink Midstream has a one year low of $11.83 and a one year high of $16.40.

Hedge Funds Weigh In On EnLink Midstream

A number of hedge funds have recently bought and sold shares of ENLC. Citigroup Inc. raised its stake in EnLink Midstream by 0.6% during the third quarter. Citigroup Inc. now owns 267,761 shares of the pipeline company’s stock worth $3,885,000 after buying an additional 1,473 shares during the last quarter. Icon Wealth Advisors LLC acquired a new stake in EnLink Midstream in the third quarter worth $4,211,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in EnLink Midstream by 121.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 466,559 shares of the pipeline company’s stock worth $6,770,000 after purchasing an additional 255,855 shares during the period. Walleye Capital LLC grew its holdings in EnLink Midstream by 1,829.6% in the third quarter. Walleye Capital LLC now owns 282,246 shares of the pipeline company’s stock worth $4,095,000 after purchasing an additional 267,619 shares during the period. Finally, Merewether Investment Management LP acquired a new stake in EnLink Midstream in the third quarter worth $64,477,000. Institutional investors own 45.87% of the company’s stock.

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.