Brokerages Set EnLink Midstream, LLC (NYSE:ENLC) Target Price at $15.33

EnLink Midstream, LLC (NYSE:ENLC) has been given an average recommendation of “Hold” by the twelve research firms that are presently covering the company, MarketBeat.com reports. Ten equities 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 1-year target price among brokers that have covered the stock in the last year is $15.33.

Separately, Wall Street Zen assumed coverage on EnLink Midstream in a report on Thursday, May 15th. They issued a “hold” rating on the stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC acquired a new position in EnLink Midstream during the fourth quarter worth $114,000. Caprock Group LLC acquired a new position in EnLink Midstream during the fourth quarter worth $284,000. Hodges Capital Management Inc. lifted its stake in EnLink Midstream by 2.5% during the fourth quarter. Hodges Capital Management Inc. now owns 138,522 shares of the pipeline company’s stock worth $1,960,000 after purchasing an additional 3,313 shares in the last quarter. Entropy Technologies LP lifted its stake in EnLink Midstream by 82.7% during the fourth quarter. Entropy Technologies LP now owns 105,406 shares of the pipeline company’s stock worth $1,491,000 after purchasing an additional 47,715 shares in the last quarter. Finally, Miller Howard Investments Inc. NY lifted its stake in EnLink Midstream by 1.4% during the fourth quarter. Miller Howard Investments Inc. NY now owns 2,320,292 shares of the pipeline company’s stock worth $32,832,000 after purchasing an additional 33,025 shares in the last quarter. 45.87% of the stock is currently owned by institutional investors and hedge funds.

EnLink Midstream Price Performance

ENLC stock opened at $14.56 on Wednesday. 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 business has a 50 day simple moving average of $14.56 and a 200-day simple moving average of $14.62. The firm has a market capitalization of $6.65 billion, a PE ratio of 69.33 and a beta of 2.43. EnLink Midstream has a 1 year low of $11.83 and a 1 year high of $16.40.

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.