EnLink Midstream, LLC (ENLC) Given Average Rating of “Hold” by Brokerages
Shares of EnLink Midstream, LLC (NYSE:ENLC) have been given a consensus recommendation of “Hold” by the eleven brokerages that are presently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating and seven have issued a hold rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $17.88.
ENLC has been the subject of a number of research reports. TheStreet upgraded EnLink Midstream from a “d” rating to a “c-” rating in a report on Friday, June 2nd. Jefferies Group LLC upgraded EnLink Midstream from an “underperform” rating to a “hold” rating and decreased their target price for the stock from $16.00 to $15.00 in a report on Wednesday. BidaskClub upgraded EnLink Midstream from a “sell” rating to a “hold” rating in a report on Thursday, July 6th. Royal Bank Of Canada reiterated a “hold” rating and set a $21.00 target price on shares of EnLink Midstream in a report on Friday, April 21st. Finally, Guggenheim initiated coverage on EnLink Midstream in a report on Monday, April 17th. They set a “neutral” rating and a $18.00 target price for the company.
Institutional investors have recently added to or reduced their stakes in the company. LVW Advisors LLC increased its stake in EnLink Midstream by 0.5% in the first quarter. LVW Advisors LLC now owns 51,725 shares of the pipeline company’s stock valued at $1,003,000 after buying an additional 250 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of EnLink Midstream by 3.1% in the first quarter. Ameriprise Financial Inc. now owns 13,742 shares of the pipeline company’s stock valued at $266,000 after buying an additional 412 shares during the last quarter. Proficio Capital Partners LLC boosted its stake in shares of EnLink Midstream by 4.2% in the first quarter. Proficio Capital Partners LLC now owns 12,655 shares of the pipeline company’s stock valued at $228,000 after buying an additional 513 shares during the last quarter. KCG Holdings Inc. boosted its stake in shares of EnLink Midstream by 3.4% in the first quarter. KCG Holdings Inc. now owns 16,151 shares of the pipeline company’s stock valued at $313,000 after buying an additional 526 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in shares of EnLink Midstream by 2.3% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 36,103 shares of the pipeline company’s stock valued at $700,000 after buying an additional 820 shares during the last quarter. 33.01% of the stock is currently owned by hedge funds and other institutional investors.
Shares of EnLink Midstream (ENLC) traded up 0.85% during mid-day trading on Friday, hitting $17.75. 13,517 shares of the stock traded hands. The company’s market cap is $3.20 billion. EnLink Midstream has a one year low of $14.70 and a one year high of $20.45. The stock has a 50 day moving average price of $17.12 and a 200-day moving average price of $18.46.
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About EnLink Midstream
EnLink Midstream, LLC is an integrated midstream company. The Company’s assets consist of equity interests in EnLink Midstream Partners, LP (the Partnership) and EnLink Oklahoma Gas Processing, LP (EnLink Oklahoma T.O.). The Partnership is engaged in the gathering, transmission, processing and marketing of natural gas and natural gas liquids (NGLs), condensate and crude oil, as well as providing crude oil, condensate and brine services to producers.
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