Brokerages Set EnLink Midstream, LLC (NYSE:ENLC) Target Price at $15.40

EnLink Midstream, LLC (NYSE:ENLC) has been assigned a consensus rating of “Hold” from the thirteen brokerages that are presently covering the company, MarketBeat reports. Ten analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $15.40.

ENLC has been the subject of a number of research reports. US Capital Advisors lowered shares of EnLink Midstream from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Royal Bank of Canada restated a “sector perform” rating and issued a $15.00 price target on shares of EnLink Midstream in a report on Thursday, November 21st. StockNews.com started coverage on shares of EnLink Midstream in a research note on Monday, February 24th. They set a “hold” rating on the stock. Finally, Raymond James lowered shares of EnLink Midstream from an “outperform” rating to a “market perform” rating in a report on Friday, November 8th.

EnLink Midstream Price Performance

Shares of ENLC stock opened at $14.56 on Monday. EnLink Midstream has a twelve month low of $11.55 and a twelve month high of $16.40. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 2.30. The stock has a fifty day simple moving average of $14.55 and a two-hundred day simple moving average of $14.63. The stock has a market capitalization of $6.65 billion, a price-to-earnings ratio of 69.33 and a beta of 2.43.

Hedge Funds Weigh In On EnLink Midstream

A number of large investors have recently made changes to their positions in ENLC. Venturi Wealth Management LLC purchased a new position in EnLink Midstream during the 4th quarter worth $55,000. Farther Finance Advisors LLC grew its stake in shares of EnLink Midstream by 20,947.6% during the fourth quarter. Farther Finance Advisors LLC now owns 4,420 shares of the pipeline company’s stock worth $63,000 after acquiring an additional 4,399 shares during the last quarter. Ameriflex Group Inc. purchased a new stake in shares of EnLink Midstream during the fourth quarter worth about $73,000. Wilmington Savings Fund Society FSB acquired a new position in shares of EnLink Midstream during the third quarter valued at about $98,000. Finally, Icon Wealth Advisors LLC purchased a new position in shares of EnLink Midstream in the 3rd quarter valued at approximately $107,000. 45.87% of the stock is owned by institutional investors and hedge funds.

About EnLink Midstream

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.