EnLink Midstream (NYSE:ENLC) Stock Rating Lowered by StockNews.com

EnLink Midstream (NYSE:ENLC - Get Free Report) was downgraded by investment analysts at StockNews.com from a "buy" rating to a "hold" rating in a research report issued on Wednesday.

Several other research firms have also weighed in on ENLC. Capital One Financial assumed coverage on EnLink Midstream in a research report on Friday, March 22nd. They set an "overweight" rating and a $15.00 price target on the stock. Citigroup upped their target price on EnLink Midstream from $13.00 to $16.00 and gave the company a "buy" rating in a report on Tuesday, April 16th. JPMorgan Chase & Co. decreased their price target on shares of EnLink Midstream from $15.00 to $14.00 and set a "neutral" rating for the company in a report on Thursday, February 29th. Finally, UBS Group upped their price objective on shares of EnLink Midstream from $14.00 to $15.00 and gave the company a "buy" rating in a research note on Thursday, January 18th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, EnLink Midstream has a consensus rating of "Moderate Buy" and a consensus price target of $14.33.

EnLink Midstream Trading Up 1.0 %

Shares of ENLC traded up $0.13 during midday trading on Wednesday, hitting $13.29. The stock had a trading volume of 2,470,222 shares, compared to its average volume of 1,962,851. The business has a 50-day simple moving average of $13.29 and a two-hundred day simple moving average of $12.71. The firm has a market cap of $6.02 billion, a P/E ratio of 37.97 and a beta of 2.39. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.76. EnLink Midstream has a fifty-two week low of $8.56 and a fifty-two week high of $14.18.

EnLink Midstream (NYSE:ENLC - Get Free Report) last posted its quarterly earnings data on Tuesday, February 20th. The pipeline company reported $0.14 EPS for the quarter, hitting analysts' consensus estimates of $0.14. EnLink Midstream had a net margin of 2.40% and a return on equity of 8.58%. The firm had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.82 billion. As a group, equities analysts forecast that EnLink Midstream will post 0.59 EPS for the current year.

Insider Buying and Selling at EnLink Midstream

In other news, CFO Benjamin D. Lamb sold 250,552 shares of the stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $12.08, for a total transaction of $3,026,668.16. Following the transaction, the chief financial officer now owns 534,000 shares in the company, valued at approximately $6,450,720. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CAO Jan Philipp Rossbach sold 50,000 shares of the firm's stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $12.32, for a total value of $616,000.00. Following the transaction, the chief accounting officer now directly owns 58,410 shares of the company's stock, valued at approximately $719,611.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Benjamin D. Lamb sold 250,552 shares of the business's stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $12.08, for a total value of $3,026,668.16. Following the completion of the sale, the chief financial officer now owns 534,000 shares of the company's stock, valued at $6,450,720. The disclosure for this sale can be found here. Corporate insiders own 0.84% of the company's stock.

Hedge Funds Weigh In On EnLink Midstream

A number of institutional investors have recently modified their holdings of the company. Alps Advisors Inc. grew its stake in EnLink Midstream by 11.0% in the 3rd quarter. Alps Advisors Inc. now owns 42,389,633 shares of the pipeline company's stock valued at $518,001,000 after buying an additional 4,200,733 shares during the last quarter. Hodges Capital Management Inc. bought a new position in shares of EnLink Midstream in the third quarter worth about $3,246,000. TCG Advisory Services LLC acquired a new position in shares of EnLink Midstream during the 4th quarter worth about $2,991,000. UBS Group AG boosted its stake in EnLink Midstream by 22.9% during the 3rd quarter. UBS Group AG now owns 1,542,356 shares of the pipeline company's stock valued at $18,848,000 after purchasing an additional 287,400 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in EnLink Midstream in the 3rd quarter valued at approximately $1,337,000. Institutional investors own 45.87% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.