Research analysts at Credit Suisse Group initiated coverage on shares of EnLink Midstream (NYSE:ENLC) in a research note issued to investors on Thursday, MarketBeat reports. The brokerage set a “neutral” rating and a $19.00 price target on the pipeline company’s stock. Credit Suisse Group’s price target would indicate a potential upside of 4.40% from the stock’s current price.
Several other research firms have also weighed in on ENLC. BidaskClub raised EnLink Midstream from a “sell” rating to a “hold” rating in a research report on Friday, September 8th. Robert W. Baird set a $21.00 price objective on EnLink Midstream and gave the stock a “hold” rating in a research report on Friday, November 17th. Seaport Global Securities initiated coverage on EnLink Midstream in a research report on Tuesday, October 10th. They issued a “neutral” rating and a $16.00 price objective for the company. Citigroup lowered their price objective on EnLink Midstream from $21.00 to $19.00 and set a “buy” rating for the company in a research report on Thursday, November 2nd. Finally, Goldman Sachs Group raised EnLink Midstream from a “sell” rating to a “neutral” rating in a research report on Friday, November 17th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $18.83.
Shares of EnLink Midstream (NYSE ENLC) traded down $0.50 during trading hours on Thursday, reaching $18.20. The company had a trading volume of 434,079 shares, compared to its average volume of 265,452. The company has a market cap of $3,286.72, a price-to-earnings ratio of 606.87 and a beta of 2.59. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.85 and a current ratio of 0.85. EnLink Midstream has a twelve month low of $15.00 and a twelve month high of $20.45.
Several hedge funds have recently bought and sold shares of the company. Citadel Advisors LLC bought a new stake in EnLink Midstream in the 2nd quarter valued at about $830,000. Marshall Wace North America L.P. bought a new stake in EnLink Midstream in the 2nd quarter valued at about $987,000. Catalyst Capital Advisors LLC increased its position in EnLink Midstream by 18.3% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 915,825 shares of the pipeline company’s stock valued at $15,798,000 after buying an additional 141,860 shares in the last quarter. OxFORD Asset Management LLP bought a new stake in EnLink Midstream in the 2nd quarter valued at about $315,000. Finally, Keybank National Association OH increased its position in EnLink Midstream by 72.0% in the 3rd quarter. Keybank National Association OH now owns 45,470 shares of the pipeline company’s stock valued at $784,000 after buying an additional 19,030 shares in the last quarter. 34.08% of the stock is owned by hedge funds and other 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.
