EnLink Midstream, LLC (NYSE:ENLC) Receives Consensus Rating of “Hold” from Analysts

Shares of EnLink Midstream, LLC (NYSE:ENLC) have been given a consensus recommendation of “Hold” by the twelve brokerages that are presently covering the firm, MarketBeat reports. Ten research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $15.33.

Separately, StockNews.com assumed coverage on shares of EnLink Midstream in a research report on Wednesday. They set a “hold” rating for the company.

EnLink Midstream Price Performance

NYSE:ENLC opened at $14.56 on Friday. The company has a debt-to-equity ratio of 2.30, a current ratio of 0.42 and a quick ratio of 0.42. EnLink Midstream has a one year low of $11.83 and a one year high of $16.40. The company has a fifty day moving average price of $14.56 and a 200 day moving average price of $14.72. The stock has a market cap of $6.65 billion, a P/E ratio of 69.33 and a beta of 2.43.

Institutional Trading of EnLink Midstream

Several institutional investors have recently bought and sold shares of the stock. Venturi Wealth Management LLC acquired a new position in EnLink Midstream during the fourth quarter worth $55,000. Farther Finance Advisors LLC increased its position in shares of EnLink Midstream by 20,947.6% during the 4th quarter. Farther Finance Advisors LLC now owns 4,420 shares of the pipeline company’s stock worth $63,000 after purchasing an additional 4,399 shares in the last quarter. Ameriflex Group Inc. bought a new position in EnLink Midstream during the 4th quarter valued at about $73,000. Wilmington Savings Fund Society FSB acquired a new position in EnLink Midstream in the third quarter valued at about $98,000. Finally, SG Americas Securities LLC bought a new stake in EnLink Midstream during the fourth quarter worth about $114,000. Institutional investors and hedge funds 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.