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.
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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