Zacks Upgrades EnLink Midstream to “Outperform” (ENLC)
EnLink Midstream (NASDAQ:ENLC) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research note issued on Monday. The firm currently has a $43.30 price objective on the stock. Zacks‘s price target would indicate a potential upside of 11.00% from the stock’s previous close.
Shares of EnLink Midstream (NASDAQ:ENLC) traded up 2.56% during mid-day trading on Monday, hitting $40.01. The stock had a trading volume of 135,218 shares. EnLink Midstream has a 52-week low of $18.50 and a 52-week high of $42.88. The stock’s 50-day moving average is $39.92 and its 200-day moving average is $38.25. The company has a market cap of $6.402 billion and a price-to-earnings ratio of 70.42.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, August 14th. Investors of record on Monday, August 4th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.26%. The ex-dividend date is Thursday, July 31st.
Several other analysts have also recently commented on the stock. Analysts at Credit Suisse raised their price target on shares of EnLink Midstream from $50.00 to $53.00 in a research note on Monday. They now have an “outperform” rating on the stock. Separately, analysts at Raymond James upgraded shares of EnLink Midstream from a “market perform” rating to an “outperform” rating in a research note on Thursday. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. EnLink Midstream has an average rating of “Buy” and an average price target of $44.77.
To view Zacks’ full report, visit Zacks’ official website.
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