EnLink Midstream LLC (NYSE:ENLC)‘s stock had its “hold” rating reiterated by Jefferies Group in a report issued on Sunday. They presently have a $16.00 target price on the stock. Jefferies Group’s price target suggests a potential downside of 4.42% from the stock’s previous close.
Several other equities analysts have also recently weighed in on the company. Zacks Investment Research upgraded EnLink Midstream from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a report on Tuesday, October 4th. Goldman Sachs Group Inc. cut EnLink Midstream from a “neutral” rating to a “sell” rating and cut their price objective for the company from $15.00 to $14.00 in a report on Monday, September 19th. Credit Suisse Group AG cut EnLink Midstream from a “neutral” rating to an “underperform” rating and set a $17.00 price objective on the stock. in a report on Tuesday, September 13th. RBC Capital Markets reiterated a “sector perform” rating and set a $19.00 price objective (up previously from $14.00) on shares of EnLink Midstream in a report on Sunday, September 4th. Finally, Royal Bank Of Canada lifted their price objective on EnLink Midstream from $14.00 to $19.00 and gave the company a “sector perform” rating in a report on Friday, September 2nd. Four research analysts have rated the stock with a sell rating, ten have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. EnLink Midstream presently has a consensus rating of “Hold” and a consensus price target of $17.00.
EnLink Midstream (NYSE:ENLC) opened at 16.74 on Friday. EnLink Midstream has a one year low of $6.41 and a one year high of $23.38. The firm’s market cap is $3.01 billion. The firm’s 50-day moving average price is $16.47 and its 200 day moving average price is $15.23.
A number of large investors have recently added to or reduced their stakes in ENLC. Teacher Retirement System of Texas boosted its stake in shares of EnLink Midstream by 24.3% in the second quarter. Teacher Retirement System of Texas now owns 7,489 shares of the company’s stock worth $119,000 after buying an additional 1,464 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of EnLink Midstream during the second quarter worth about $144,000. Groesbeck Investment Management Corp NJ bought a new stake in shares of EnLink Midstream during the first quarter worth about $131,000. KCG Holdings Inc. boosted its stake in shares of EnLink Midstream by 35.3% in the second quarter. KCG Holdings Inc. now owns 13,842 shares of the company’s stock worth $220,000 after buying an additional 3,615 shares in the last quarter. Finally, Proficio Capital Partners LLC boosted its stake in shares of EnLink Midstream by 1,276.6% in the second quarter. Proficio Capital Partners LLC now owns 16,244 shares of the company’s stock worth $245,000 after buying an additional 15,064 shares in the last quarter. Hedge funds and other institutional investors own 25.31% of the company’s stock.
About EnLink Midstream
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.
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