EnLink Midstream (NYSE:ENLC) received a $14.00 price target from analysts at Seaport Global Securities in a research report issued to clients and investors on Monday. The brokerage presently has a “hold” rating on the pipeline company’s stock. Seaport Global Securities’ price objective indicates a potential upside of 0.36% from the company’s previous close.
Several other equities analysts have also issued reports on the company. Bank of America reduced their target price on EnLink Midstream from $18.00 to $17.00 and set a “neutral” rating for the company in a report on Thursday, February 22nd. Royal Bank of Canada reaffirmed a “hold” rating and issued a $20.00 target price on shares of EnLink Midstream in a report on Tuesday, January 16th. Jefferies Group reaffirmed a “hold” rating and issued a $16.00 target price on shares of EnLink Midstream in a report on Friday, January 12th. Zacks Investment Research lowered EnLink Midstream from a “hold” rating to a “sell” rating in a report on Tuesday, February 27th. Finally, Credit Suisse Group started coverage on EnLink Midstream in a report on Thursday, January 4th. They issued a “neutral” rating and a $19.00 target price for the company. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $17.71.
Shares of EnLink Midstream stock traded down $0.15 on Monday, hitting $13.95. The company had a trading volume of 47,130 shares, compared to its average volume of 410,754. The company has a market cap of $2,550.45, a PE ratio of -279.20 and a beta of 2.46. EnLink Midstream has a 1 year low of $13.80 and a 1 year high of $20.00. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.64.
EnLink Midstream (NYSE:ENLC) last issued its quarterly earnings data on Tuesday, February 20th. The pipeline company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.19 by ($0.20). The company had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.44 billion. EnLink Midstream had a return on equity of 0.23% and a net margin of 3.71%. research analysts anticipate that EnLink Midstream will post 0.73 EPS for the current year.
Several institutional investors have recently bought and sold shares of ENLC. State Street Corp boosted its holdings in shares of EnLink Midstream by 7.0% in the second quarter. State Street Corp now owns 104,852 shares of the pipeline company’s stock worth $1,846,000 after acquiring an additional 6,851 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of EnLink Midstream by 11.8% in the second 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. Nationwide Fund Advisors boosted its holdings in shares of EnLink Midstream by 397.6% in the third quarter. Nationwide Fund Advisors now owns 12,013 shares of the pipeline company’s stock worth $207,000 after acquiring an additional 9,599 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of EnLink Midstream by 218.6% in the third quarter. JPMorgan Chase & Co. now owns 128,813 shares of the pipeline company’s stock worth $2,222,000 after acquiring an additional 88,387 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of EnLink Midstream by 14.6% in the third quarter. Dimensional Fund Advisors LP now owns 2,468,233 shares of the pipeline company’s stock worth $42,577,000 after acquiring an additional 314,840 shares during the period. 33.67% of the stock is owned by hedge funds and other institutional investors.
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About EnLink Midstream
EnLink Midstream, LLC focuses on providing midstream energy services in the United States. It operates through five segments: Texas, Oklahoma, Louisiana, Crude and Condensate, and Corporate. The company is involved in gathering, compressing, treating, processing, transporting, storing, and selling natural gas; fractionating, transporting, storing, exporting, and selling natural gas liquids; and gathering, transporting, stabilizing, storing, and trans-loading crude oil, and condensate.
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