EnLink Midstream (NYSE:ENLC) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of EnLink Midstream (NYSE:ENLC) in a research note released on Wednesday. The brokerage issued a hold rating on the pipeline company’s stock.

Several other equities research analysts also recently weighed in on ENLC. US Capital Advisors downgraded EnLink Midstream from a “moderate buy” rating to a “hold” rating in a report on Tuesday, November 26th. Royal Bank of Canada restated a “sector perform” rating and set a $15.00 price target on shares of EnLink Midstream in a research note on Thursday, November 21st. Eleven analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $15.40.

EnLink Midstream Stock Performance

Shares of ENLC opened at $14.56 on Wednesday. The stock has a 50 day moving average price of $14.61 and a 200 day moving average price of $14.70. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 2.30. The company has a market capitalization of $6.65 billion, a price-to-earnings ratio of 69.33 and a beta of 2.43. EnLink Midstream has a 52-week low of $11.83 and a 52-week high of $16.40.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ENLC. Entropy Technologies LP raised its position in EnLink Midstream by 25.7% in the third quarter. Entropy Technologies LP now owns 57,691 shares of the pipeline company’s stock worth $837,000 after acquiring an additional 11,800 shares in the last quarter. Citigroup Inc. increased its position in shares of EnLink Midstream by 0.6% in the third quarter. Citigroup Inc. now owns 267,761 shares of the pipeline company’s stock valued at $3,885,000 after buying an additional 1,473 shares in the last quarter. Icon Wealth Advisors LLC purchased a new position in shares of EnLink Midstream in the third quarter valued at $4,211,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of EnLink Midstream by 121.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 466,559 shares of the pipeline company’s stock valued at $6,770,000 after buying an additional 255,855 shares in the last quarter. Finally, Walleye Capital LLC boosted its stake in shares of EnLink Midstream by 1,829.6% during the third quarter. Walleye Capital LLC now owns 282,246 shares of the pipeline company’s stock valued at $4,095,000 after acquiring an additional 267,619 shares during the last quarter. Hedge funds and other institutional investors own 45.87% of the company’s stock.

EnLink Midstream Company Profile

EnLink Midstream, LLC provides midstream energy services in the United States. The company operates through Permian, Louisiana, Oklahoma, North Texas, and Corporate segments. It is involved in gathering, compressing, treating, processing, transporting, storing, and selling natural gas; fractionating, transporting, storing, and selling natural gas liquids; and gathering, transporting, stabilizing, storing, trans-loading, and selling crude oil and condensate, as well as providing brine disposal services.