EnLink Midstream, LLC (NYSE:ENLC) Receives “Hold” Rating from Barclays PLC
EnLink Midstream, LLC (NYSE:ENLC)‘s stock had its “hold” rating reaffirmed by equities researchers at Barclays PLC in a report issued on Friday. They presently have a $19.00 price objective on the pipeline company’s stock. Barclays PLC’s target price points to a potential upside of 7.34% from the stock’s current price.
Several other equities research analysts have also recently commented on the stock. Royal Bank Of Canada reissued a “hold” rating and set a $21.00 price target on shares of EnLink Midstream in a research report on Friday, April 21st. Credit Suisse Group AG boosted their price target on shares of EnLink Midstream from $18.00 to $19.00 and gave the stock an “underperform” rating in a research report on Friday, April 7th. BidaskClub raised shares of EnLink Midstream from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 24th. Guggenheim initiated coverage on shares of EnLink Midstream in a research report on Monday, April 17th. They set a “neutral” rating and a $18.00 price target on the stock. Finally, TheStreet raised shares of EnLink Midstream from a “d” rating to a “c-” rating in a research report on Friday, June 2nd. Three equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $18.44.
Shares of EnLink Midstream (NYSE ENLC) traded down 1.12% during mid-day trading on Friday, hitting $17.70. The company had a trading volume of 241,868 shares. The firm’s 50-day moving average price is $17.02 and its 200 day moving average price is $18.36. EnLink Midstream has a one year low of $14.70 and a one year high of $20.45. The company’s market capitalization is $3.20 billion.
ILLEGAL ACTIVITY WARNING: “EnLink Midstream, LLC (NYSE:ENLC) Receives “Hold” Rating from Barclays PLC” was originally posted by American Banking News and is the sole property of of American Banking News. If you are reading this news story on another site, it was illegally copied and reposted in violation of United States and international copyright and trademark laws. The original version of this news story can be viewed at https://www.americanbankingnews.com/2017/07/22/enlink-midstream-llc-nyseenlc-receives-hold-rating-from-barclays-plc.html.
Large investors have recently modified their holdings of the stock. Great West Life Assurance Co. Can boosted its stake in shares of EnLink Midstream by 2,201.2% in the first quarter. Great West Life Assurance Co. Can now owns 134,206 shares of the pipeline company’s stock worth $2,605,000 after buying an additional 128,374 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of EnLink Midstream by 25.1% in the fourth quarter. Renaissance Technologies LLC now owns 186,532 shares of the pipeline company’s stock worth $3,553,000 after buying an additional 37,445 shares during the last quarter. Hollencrest Securities LLC purchased a new stake in shares of EnLink Midstream during the first quarter worth about $258,000. Signature Financial Management Inc. purchased a new stake in shares of EnLink Midstream during the first quarter worth about $449,000. Finally, Keybank National Association OH boosted its stake in shares of EnLink Midstream by 8.4% in the first quarter. Keybank National Association OH now owns 25,130 shares of the pipeline company’s stock worth $488,000 after buying an additional 1,940 shares during the last quarter. 33.06% of the stock is currently owned by institutional investors.
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.
Receive News & Ratings for EnLink Midstream LLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EnLink Midstream LLC and related companies with MarketBeat.com's FREE daily email newsletter.