Several other analysts have also issued reports on the company. Barclays PLC lowered EnLink Midstream from an overweight rating to an equal weight rating and upped their target price for the stock from $15.00 to $16.00 in a report on Monday, June 20th. Citigroup Inc. reiterated a buy rating and set a $19.00 target price (up previously from $18.00) on shares of EnLink Midstream in a report on Tuesday, June 28th. Robert W. Baird upgraded EnLink Midstream from an underperform rating to a neutral rating and upped their target price for the stock from $8.00 to $16.00 in a report on Tuesday, June 28th. Royal Bank Of Canada upped their target price on EnLink Midstream from $14.00 to $19.00 and gave the stock a sector perform rating in a report on Friday, September 2nd. Finally, Credit Suisse Group AG lowered EnLink Midstream from a neutral rating to an underperform rating and set a $17.00 target price on the stock. in a report on Tuesday, September 13th. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $17.00.
Shares of EnLink Midstream (NYSE:ENLC) opened at 16.74 on Friday. The stock’s 50 day moving average price is $16.47 and its 200 day moving average price is $15.23. The firm’s market cap is $3.01 billion. EnLink Midstream has a one year low of $6.41 and a one year high of $23.38.
Institutional investors have recently bought and sold shares of the stock. Alps Advisors Inc. purchased a new position in EnLink Midstream during the second quarter valued at approximately $964,000. First Dallas Securities Inc. increased its position in EnLink Midstream by 13.8% in the second quarter. First Dallas Securities Inc. now owns 148,434 shares of the company’s stock valued at $2,362,000 after buying an additional 17,968 shares during the last quarter. Bank of Montreal Can purchased a new position in EnLink Midstream during the second quarter valued at approximately $1,365,000. Nisa Investment Advisors LLC increased its position in EnLink Midstream by 40.0% in the second quarter. Nisa Investment Advisors LLC now owns 21,000 shares of the company’s stock valued at $334,000 after buying an additional 6,000 shares during the last quarter. Finally, Walnut Private Equity Partners LLC increased its position in EnLink Midstream by 34.4% in the second quarter. Walnut Private Equity Partners LLC now owns 170,432 shares of the company’s stock valued at $2,712,000 after buying an additional 43,632 shares during the last quarter. 25.31% of the stock is currently owned by institutional investors.
EnLink Midstream Company Profile
EnLink Midstream, LLC is a midstream energy services company. The Company’s assets include its equity interests in EnLink Midstream Partners, LP (the Partnership) and EnLink TOM Holdings, LP (TOM Holdings). 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.
Receive News & Ratings for EnLink Midstream LLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EnLink Midstream LLC and related companies with MarketBeat.com's FREE daily email newsletter.