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

Shares of EnLink Midstream, LLC (NYSE:ENLC) have received a consensus recommendation of “Hold” from the thirteen brokerages that are presently covering the stock, Marketbeat Ratings reports. Ten research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $15.40.

A number of research firms have recently issued reports on ENLC. US Capital Advisors lowered EnLink Midstream from a “moderate buy” rating to a “hold” rating in a report on Tuesday, November 26th. Mizuho reiterated a “neutral” rating and issued a $15.00 price objective on shares of EnLink Midstream in a research note on Thursday, October 31st. Royal Bank of Canada restated a “sector perform” rating and set a $15.00 target price on shares of EnLink Midstream in a research report on Thursday, November 21st. Raymond James downgraded EnLink Midstream from an “outperform” rating to a “market perform” rating in a research note on Friday, November 8th. Finally, StockNews.com initiated coverage on EnLink Midstream in a research report on Friday. They set a “hold” rating on the stock.

Hedge Funds Weigh In On EnLink Midstream

Several institutional investors and hedge funds have recently modified their holdings of the company. Hsbc Holdings PLC lifted its stake in shares of EnLink Midstream by 64.4% during the 2nd quarter. Hsbc Holdings PLC now owns 33,646 shares of the pipeline company’s stock worth $459,000 after purchasing an additional 13,183 shares during the period. Sei Investments Co. purchased a new position in EnLink Midstream during the second quarter worth about $363,000. Marshall Wace LLP purchased a new stake in EnLink Midstream in the 2nd quarter valued at about $4,766,000. Millennium Management LLC increased its stake in shares of EnLink Midstream by 1,433.6% during the 2nd quarter. Millennium Management LLC now owns 497,846 shares of the pipeline company’s stock valued at $6,850,000 after acquiring an additional 465,383 shares during the last quarter. Finally, Mackenzie Financial Corp lifted its holdings in shares of EnLink Midstream by 468.8% during the 2nd quarter. Mackenzie Financial Corp now owns 102,368 shares of the pipeline company’s stock worth $1,409,000 after acquiring an additional 84,372 shares during the period. Hedge funds and other institutional investors own 45.87% of the company’s stock.

EnLink Midstream Stock Up 2.9 %

Shares of NYSE:ENLC opened at $14.56 on Thursday. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 2.30. EnLink Midstream has a twelve month low of $11.55 and a twelve month high of $16.40. The company has a market capitalization of $6.65 billion, a PE ratio of 69.33 and a beta of 2.43. The firm has a 50 day simple moving average of $14.74 and a 200-day simple moving average of $14.43.

EnLink Midstream (NYSE:ENLC) last posted its quarterly earnings data on Wednesday, November 6th. The pipeline company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.16). The firm had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.98 billion. EnLink Midstream had a net margin of 1.96% and a return on equity of 9.51%. EnLink Midstream’s revenue was down 7.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.10 earnings per share. On average, equities analysts predict that EnLink Midstream will post 0.46 EPS for the current fiscal year.

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.