EnLink Midstream (NYSE:ENLC) Upgraded at StockNews.com

StockNews.com upgraded shares of EnLink Midstream (NYSE:ENLC) from a hold rating to a buy rating in a research report released on Wednesday morning.

Other analysts have also issued research reports about the stock. Capital One Financial began coverage on shares of EnLink Midstream in a research note on Friday, March 22nd. They issued an overweight rating and a $15.00 price objective on the stock. Wells Fargo & Company raised shares of EnLink Midstream from an equal weight rating to an overweight rating and increased their price target for the stock from $13.00 to $17.00 in a report on Monday. Finally, Citigroup increased their price target on shares of EnLink Midstream from $13.00 to $16.00 and gave the stock a buy rating in a report on Tuesday, April 16th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, EnLink Midstream currently has an average rating of Moderate Buy and an average price target of $15.33.

EnLink Midstream Stock Down 0.7 %

NYSE:ENLC opened at $13.68 on Wednesday. The firm has a market capitalization of $6.17 billion, a P/E ratio of 39.07 and a beta of 2.43. EnLink Midstream has a 1-year low of $10.91 and a 1-year high of $14.18. The company’s fifty day moving average price is $13.27 and its 200-day moving average price is $12.91. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.78 and a quick ratio of 0.78.

EnLink Midstream (NYSE:ENLC) last released its quarterly earnings data on Tuesday, April 30th. The pipeline company reported $0.14 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.14. The firm had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.79 billion. EnLink Midstream had a net margin of 2.40% and a return on equity of 8.58%. As a group, equities research analysts anticipate that EnLink Midstream will post 0.62 EPS for the current year.

Hedge Funds Weigh In On EnLink Midstream

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Kayne Anderson Capital Advisors LP lifted its holdings in EnLink Midstream by 6.4% during the fourth quarter. Kayne Anderson Capital Advisors LP now owns 1,860,400 shares of the pipeline company’s stock valued at $22,622,000 after purchasing an additional 111,300 shares in the last quarter. Hennessy Advisors Inc. lifted its holdings in EnLink Midstream by 13.3% during the first quarter. Hennessy Advisors Inc. now owns 2,116,600 shares of the pipeline company’s stock valued at $28,870,000 after purchasing an additional 248,100 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in EnLink Midstream by 240.5% during the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 372,500 shares of the pipeline company’s stock valued at $4,530,000 after purchasing an additional 263,100 shares in the last quarter. Miller Howard Investments Inc. NY lifted its holdings in EnLink Midstream by 3.3% during the first quarter. Miller Howard Investments Inc. NY now owns 2,160,476 shares of the pipeline company’s stock valued at $29,469,000 after purchasing an additional 68,877 shares in the last quarter. Finally, TCG Advisory Services LLC purchased a new position in EnLink Midstream during the fourth quarter valued at $2,991,000. 45.87% of the stock is owned by hedge funds and other institutional investors.

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.