EnLink Midstream, LLC (NYSE:ENLC) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of EnLink Midstream, LLC (NYSE:ENLC) have been assigned an average recommendation of “Hold” from the thirteen research firms that are presently covering the stock, Marketbeat reports. Ten research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $15.40.

Separately, StockNews.com began coverage on EnLink Midstream in a research report on Friday. They set a “hold” rating for the company.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of ENLC. Ameriprise Financial Inc. raised its holdings in EnLink Midstream by 5.2% during the 4th quarter. Ameriprise Financial Inc. now owns 15,261 shares of the pipeline company’s stock valued at $216,000 after acquiring an additional 753 shares during the period. HighTower Advisors LLC raised its stake in shares of EnLink Midstream by 6.1% during the 4th quarter. HighTower Advisors LLC now owns 24,954 shares of the pipeline company’s stock valued at $353,000 after purchasing an additional 1,437 shares during the period. Citigroup Inc. lifted its holdings in EnLink Midstream by 0.6% during the 3rd quarter. Citigroup Inc. now owns 267,761 shares of the pipeline company’s stock worth $3,885,000 after purchasing an additional 1,473 shares in the last quarter. Tidal Investments LLC boosted its stake in EnLink Midstream by 9.7% in the 3rd quarter. Tidal Investments LLC now owns 18,315 shares of the pipeline company’s stock worth $266,000 after purchasing an additional 1,623 shares during the period. Finally, Victory Capital Management Inc. grew its holdings in EnLink Midstream by 8.0% during the 4th quarter. Victory Capital Management Inc. now owns 31,271 shares of the pipeline company’s stock valued at $442,000 after buying an additional 2,324 shares in the last quarter. 45.87% of the stock is owned by institutional investors.

EnLink Midstream Stock Performance

ENLC stock opened at $14.56 on Friday. 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 firm has a market cap of $6.65 billion, a PE ratio of 69.33 and a beta of 2.43. The business has a 50 day moving average of $14.59 and a 200-day moving average of $14.73. EnLink Midstream has a 12-month low of $11.83 and a 12-month high of $16.40.

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.