EnLink Midstream (NYSE:ENLC) Now Covered by StockNews.com

Investment analysts at StockNews.com assumed coverage on shares of EnLink Midstream (NYSE:ENLC) in a research report issued to clients and investors on Sunday. The brokerage set a “hold” rating on the pipeline company’s stock.

A number of other analysts have also recently commented on the company. US Capital Advisors cut EnLink Midstream from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Mizuho restated a “neutral” rating and issued a $15.00 price target on shares of EnLink Midstream in a research report on Thursday, October 31st. Royal Bank of Canada restated a “sector perform” rating and issued a $15.00 price target on shares of EnLink Midstream in a research report on Thursday, November 21st. Finally, Raymond James cut EnLink Midstream from an “outperform” rating to a “market perform” rating in a research report on Friday, November 8th. Eleven investment 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 company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $15.40.

EnLink Midstream Stock Up 2.9 %

ENLC stock opened at $14.56 on Friday. The company has a debt-to-equity ratio of 2.30, a quick ratio of 0.42 and a current ratio of 0.42. The business’s 50-day moving average is $14.52 and its two-hundred day moving average is $14.48. The company has a market cap of $6.65 billion, a price-to-earnings ratio of 69.33 and a beta of 2.43. EnLink Midstream has a fifty-two week low of $11.55 and a fifty-two week high of $16.40.

Hedge Funds Weigh In On EnLink Midstream

Several institutional investors have recently added to or reduced their stakes in ENLC. Merewether Investment Management LP purchased a new position in EnLink Midstream during the 3rd quarter valued at approximately $64,477,000. Pentwater Capital Management LP purchased a new position in EnLink Midstream during the 4th quarter valued at approximately $36,436,000. Brookfield Corp ON grew its holdings in EnLink Midstream by 97.1% during the 3rd quarter. Brookfield Corp ON now owns 3,603,351 shares of the pipeline company’s stock valued at $52,285,000 after buying an additional 1,775,203 shares in the last quarter. Catalyst Capital Advisors LLC grew its holdings in EnLink Midstream by 120.1% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 2,091,554 shares of the pipeline company’s stock valued at $30,348,000 after buying an additional 1,141,254 shares in the last quarter. Finally, CIBC Private Wealth Group LLC grew its holdings in EnLink Midstream by 44.7% during the 4th quarter. CIBC Private Wealth Group LLC now owns 3,109,177 shares of the pipeline company’s stock valued at $45,052,000 after buying an additional 960,577 shares in 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.