Shares of EnLink Midstream LLC (NYSE:ENLC) have earned an average rating of “Hold” from the sixteen ratings firms that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $18.80.

ENLC has been the subject of a number of research reports. Credit Suisse Group initiated coverage on EnLink Midstream in a research report on Thursday. They issued a “neutral” rating for the company. UBS Group upgraded EnLink Midstream from a “neutral” rating to a “buy” rating and set a $19.00 price objective for the company in a research report on Tuesday, October 24th. Zacks Investment Research upgraded EnLink Midstream from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research report on Tuesday, October 17th. Goldman Sachs Group upgraded EnLink Midstream from a “sell” rating to a “neutral” rating in a research report on Friday, November 17th. Finally, BidaskClub upgraded EnLink Midstream from a “strong sell” rating to a “sell” rating in a research report on Tuesday, November 7th.

Several institutional investors have recently bought and sold shares of the company. Neuberger Berman Group LLC grew its position in shares of EnLink Midstream by 0.7% during the 2nd quarter. Neuberger Berman Group LLC now owns 16,519 shares of the pipeline company’s stock worth $291,000 after buying an additional 109 shares during the period. Northern Trust Corp lifted its holdings in shares of EnLink Midstream by 0.4% during the 2nd quarter. Northern Trust Corp now owns 102,348 shares of the pipeline company’s stock valued at $1,802,000 after purchasing an additional 386 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of EnLink Midstream by 11.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,684 shares of the pipeline company’s stock valued at $100,000 after purchasing an additional 599 shares in the last quarter. WFG Advisors LP lifted its holdings in shares of EnLink Midstream by 11.5% during the 2nd quarter. WFG Advisors LP now owns 9,201 shares of the pipeline company’s stock valued at $162,000 after purchasing an additional 950 shares in the last quarter. Finally, Keybank National Association OH lifted its holdings in shares of EnLink Midstream by 5.2% during the 2nd quarter. Keybank National Association OH now owns 26,440 shares of the pipeline company’s stock valued at $465,000 after purchasing an additional 1,310 shares in the last quarter. Institutional investors own 34.08% of the company’s stock.

Shares of EnLink Midstream (ENLC) opened at $18.75 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $3,367.99, a PE ratio of 625.21 and a beta of 2.59. EnLink Midstream has a 12-month low of $15.00 and a 12-month high of $20.45.

EnLink Midstream (NYSE:ENLC) last announced its quarterly earnings data on Tuesday, October 31st. The pipeline company reported $0.03 EPS for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.11). The firm had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.36 billion. EnLink Midstream had a return on equity of 0.15% and a net margin of 0.12%. The company’s revenue for the quarter was up 26.6% compared to the same quarter last year. analysts anticipate that EnLink Midstream will post 0.3 EPS for the current year.

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EnLink Midstream Company Profile

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.

Analyst Recommendations for EnLink Midstream (NYSE:ENLC)

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