EnLink Midstream (NYSE:ENLC) received a $16.00 price target from equities researchers at Guggenheim in a research note issued to investors on Monday. The brokerage presently has a “hold” rating on the pipeline company’s stock. Guggenheim’s price target points to a potential upside of 9.07% from the company’s previous close.
Several other analysts have also recently weighed in on the company. Seaport Global Securities set a $14.00 price target on EnLink Midstream and gave the stock a “hold” rating in a report on Monday, April 9th. JPMorgan Chase cut EnLink Midstream from a “neutral” rating to an “underweight” rating and set a $17.00 price target for the company. in a report on Wednesday, April 4th. Bank of America dropped their price target on EnLink Midstream from $17.00 to $15.00 and set a “neutral” rating for the company in a report on Tuesday, March 27th. Zacks Investment Research raised EnLink Midstream from a “sell” rating to a “hold” rating in a report on Tuesday, March 13th. Finally, UBS dropped their price target on EnLink Midstream from $20.00 to $19.00 and set a “buy” rating for the company in a report on Friday, March 2nd. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the stock. EnLink Midstream presently has a consensus rating of “Hold” and an average target price of $17.57.
Shares of ENLC traded up $0.47 during mid-day trading on Monday, reaching $14.67. The company’s stock had a trading volume of 251,691 shares, compared to its average volume of 426,519. EnLink Midstream has a 1-year low of $13.80 and a 1-year high of $20.00. The stock has a market cap of $2,568.54, a price-to-earnings ratio of -293.00 and a beta of 2.46. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.64.
A number of hedge funds and other institutional investors have recently made changes to their positions in ENLC. The Manufacturers Life Insurance Company raised its holdings in EnLink Midstream by 11.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,684 shares of the pipeline company’s stock valued at $100,000 after acquiring an additional 599 shares in the last quarter. Macquarie Group Ltd. acquired a new position in EnLink Midstream in the 4th quarter valued at $144,000. Nationwide Fund Advisors raised its holdings in EnLink Midstream by 397.6% in the 3rd quarter. Nationwide Fund Advisors now owns 12,013 shares of the pipeline company’s stock valued at $207,000 after acquiring an additional 9,599 shares in the last quarter. Engineers Gate Manager LP acquired a new position in EnLink Midstream in the 4th quarter valued at $214,000. Finally, Gator Capital Management LLC acquired a new position in EnLink Midstream in the 4th quarter valued at $296,000. 33.67% of the stock is owned by hedge funds and other institutional investors.
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EnLink Midstream Company Profile
EnLink Midstream, LLC focuses on providing midstream energy services in the United States. It operates through five segments: Texas, Oklahoma, Louisiana, Crude and Condensate, and Corporate. The company is involved in gathering, compressing, treating, processing, transporting, storing, and selling natural gas; fractionating, transporting, storing, exporting, and selling natural gas liquids; and gathering, transporting, stabilizing, storing, and trans-loading crude oil, and condensate.
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