EnLink Midstream (NYSE:ENLC)‘s stock had its “neutral” rating reissued by JPMorgan Chase & Co. in a research note issued to investors on Wednesday. They currently have a $17.00 price objective on the pipeline company’s stock, down from their prior price objective of $18.00. JPMorgan Chase & Co.’s price objective indicates a potential upside of 12.58% from the stock’s current price.
Several other brokerages also recently weighed in on ENLC. B. Riley began coverage on shares of EnLink Midstream in a report on Friday, January 26th. They set a “neutral” rating and a $18.00 price target on the stock. Credit Suisse Group began coverage on shares of EnLink Midstream in a research report on Thursday, January 4th. They issued a “neutral” rating and a $19.00 price target on the stock. Royal Bank of Canada reiterated a “hold” rating and set a $20.00 price objective on shares of EnLink Midstream in a research report on Tuesday, January 16th. Jefferies Group reissued a “hold” rating and set a $16.00 target price on shares of EnLink Midstream in a research note on Friday, January 12th. Finally, ValuEngine lowered shares of EnLink Midstream from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $18.07.
Shares of EnLink Midstream (NYSE ENLC) traded down $0.10 during trading hours on Wednesday, reaching $15.10. 7,766 shares of the company’s stock traded hands, compared to its average volume of 387,964. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.78 and a quick ratio of 0.78. EnLink Midstream has a twelve month low of $14.55 and a twelve month high of $20.00. The stock has a market capitalization of $2,803.69, a P/E ratio of 13.10 and a beta of 2.58.
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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