EnLink Midstream (ENLC) Given a $17.00 Price Target by Seaport Global Securities Analysts

EnLink Midstream (NYSE:ENLC) has been given a $17.00 price target by investment analysts at Seaport Global Securities in a research report issued to clients and investors on Friday. The brokerage presently has a “hold” rating on the pipeline company’s stock. Seaport Global Securities’ price target points to a potential upside of 2.41% from the stock’s current price.

Several other equities research analysts have also commented on the company. ValuEngine lowered EnLink Midstream from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. B. Riley assumed coverage on EnLink Midstream in a research note on Friday, January 26th. They set a “neutral” rating and a $18.00 price target for the company. Royal Bank of Canada restated a “hold” rating and set a $20.00 price target on shares of EnLink Midstream in a research note on Tuesday, January 16th. Jefferies Group restated a “hold” rating and set a $16.00 price target on shares of EnLink Midstream in a research note on Friday, January 12th. Finally, Bank of America assumed coverage on EnLink Midstream in a research note on Tuesday, January 9th. They set a “neutral” rating for the company. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $18.85.

EnLink Midstream (ENLC) traded down $0.25 during trading on Friday, reaching $16.60. The company had a trading volume of 693,335 shares, compared to its average volume of 360,498. The firm has a market capitalization of $3,040.00, a price-to-earnings ratio of 553.33 and a beta of 2.47. EnLink Midstream has a 52-week low of $15.00 and a 52-week high of $20.45. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.85 and a quick ratio of 0.85.

Several hedge funds and other institutional investors have recently modified their holdings of ENLC. Bank of New York Mellon Corp boosted its position in shares of EnLink Midstream by 8.5% in the second quarter. Bank of New York Mellon Corp now owns 79,353 shares of the pipeline company’s stock worth $1,396,000 after buying an additional 6,238 shares during the period. GSA Capital Partners LLP purchased a new stake in shares of EnLink Midstream in the second quarter worth about $178,000. Northern Trust Corp boosted its position in shares of EnLink Midstream by 0.4% in the second quarter. Northern Trust Corp now owns 102,348 shares of the pipeline company’s stock worth $1,802,000 after buying an additional 386 shares during the period. Vanguard Group Inc. boosted its position in shares of EnLink Midstream by 19.9% in the second quarter. Vanguard Group Inc. now owns 239,377 shares of the pipeline company’s stock worth $4,213,000 after buying an additional 39,809 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of EnLink Midstream by 12.9% in the second quarter. Dimensional Fund Advisors LP now owns 2,153,393 shares of the pipeline company’s stock worth $37,899,000 after buying an additional 245,455 shares during the period. 34.38% of the stock is owned by institutional investors.

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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.

Analyst Recommendations for EnLink Midstream (NYSE:ENLC)

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