EnLink Midstream, LLC (NYSE:ENLC) had its price target decreased by equities researchers at Citigroup Inc. from $21.00 to $19.00 in a research report issued on Thursday. The brokerage presently has a “buy” rating on the pipeline company’s stock. Citigroup Inc.’s price target would indicate a potential upside of 21.79% from the stock’s previous close.
A number of other equities research analysts have also recently issued reports on ENLC. Zacks Investment Research cut shares of EnLink Midstream from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. BidaskClub cut shares of EnLink Midstream from a “sell” rating to a “strong sell” rating in a research note on Friday, August 11th. Royal Bank Of Canada reissued a “hold” rating and issued a $21.00 price target on shares of EnLink Midstream in a research note on Monday, July 31st. Seaport Global Securities assumed coverage on shares of EnLink Midstream in a research note on Tuesday, October 10th. They issued a “neutral” rating and a $16.00 price target on the stock. Finally, UBS AG raised shares of EnLink Midstream from a “neutral” rating to a “buy” rating and set a $19.00 price target on the stock in a research note on Tuesday, October 24th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the stock. EnLink Midstream presently has a consensus rating of “Hold” and an average target price of $18.83.
EnLink Midstream (NYSE ENLC) traded up $0.20 during trading on Thursday, reaching $15.60. 419,009 shares of the company were exchanged, compared to its average volume of 473,453. EnLink Midstream has a 1 year low of $14.80 and a 1 year high of $20.45. The firm has a market cap of $2,816.95, a PE ratio of 520.00 and a beta of 2.59. The company has a quick ratio of 0.67, a current ratio of 0.85 and a debt-to-equity ratio of 0.65.
EnLink Midstream (NYSE:ENLC) last released its quarterly earnings results on Tuesday, October 31st. The pipeline company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.11). EnLink Midstream had a net margin of 0.12% and a return on equity of 0.15%. The company had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.36 billion. EnLink Midstream’s quarterly revenue was up 26.6% on a year-over-year basis. sell-side analysts predict that EnLink Midstream will post 0.3 EPS for the current fiscal year.
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Hedge funds have recently made changes to their positions in the business. The Manufacturers Life Insurance Company raised its holdings in shares of EnLink Midstream by 11.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,684 shares of the pipeline company’s stock worth $100,000 after acquiring an additional 599 shares during the period. Linscomb & Williams Inc. purchased a new position in shares of EnLink Midstream during the 3rd quarter worth $150,000. WFG Advisors LP raised its holdings in shares of EnLink Midstream by 11.5% during the 2nd quarter. WFG Advisors LP now owns 9,201 shares of the pipeline company’s stock worth $162,000 after acquiring an additional 950 shares during the period. GSA Capital Partners LLP purchased a new position in shares of EnLink Midstream during the 2nd quarter worth $178,000. Finally, Duff & Phelps Investment Management Co. raised its holdings in shares of EnLink Midstream by 9.1% during the 2nd quarter. Duff & Phelps Investment Management Co. now owns 12,000 shares of the pipeline company’s stock worth $211,000 after acquiring an additional 1,000 shares during the period. Institutional investors own 34.48% of the company’s stock.
EnLink Midstream Company Profile
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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