EnLink Midstream (NYSE:ENLC - Get Free Report) was upgraded by research analysts at StockNews.com from a "hold" rating to a "buy" rating in a research report issued on Friday.
A number of other equities research analysts have also weighed in on the company. Capital One Financial initiated coverage on EnLink Midstream in a research note on Friday, March 22nd. They issued an "overweight" rating and a $15.00 target price for the company. JPMorgan Chase & Co. reduced their price target on EnLink Midstream from $15.00 to $14.00 and set a "neutral" rating on the stock in a report on Thursday, February 29th. Citigroup boosted their price target on EnLink Midstream from $13.00 to $16.00 and gave the company a "buy" rating in a report on Tuesday. Finally, UBS Group boosted their price target on EnLink Midstream from $14.00 to $15.00 and gave the company a "buy" rating in a report on Thursday, January 18th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $14.63.
Get Our Latest Research Report on ENLC
EnLink Midstream Trading Up 0.8 %
Shares of NYSE ENLC traded up $0.11 during midday trading on Friday, reaching $13.59. The company had a trading volume of 1,695,521 shares, compared to its average volume of 1,947,423. EnLink Midstream has a one year low of $8.45 and a one year high of $14.18. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.70. The firm's fifty day moving average price is $12.94 and its 200-day moving average price is $12.60. The stock has a market cap of $6.16 billion, a PE ratio of 30.89 and a beta of 2.39.
EnLink Midstream (NYSE:ENLC - Get Free Report) last released its earnings results on Tuesday, February 20th. The pipeline company reported $0.14 earnings per share for the quarter, meeting analysts' consensus estimates of $0.14. EnLink Midstream had a return on equity of 8.12% and a net margin of 2.99%. The company had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.82 billion. On average, equities research analysts anticipate that EnLink Midstream will post 0.6 earnings per share for the current year.
Insiders Place Their Bets
In other EnLink Midstream news, CAO Jan Philipp Rossbach sold 50,000 shares of the company'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 transaction of $616,000.00. Following the transaction, the chief accounting officer now owns 58,410 shares in the company, valued at approximately $719,611.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CAO Jan Philipp Rossbach sold 50,000 shares of the company'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 sale, the chief accounting officer now owns 58,410 shares in the company, valued at approximately $719,611.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Benjamin D. Lamb sold 250,552 shares of the company'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 in the company, valued at approximately $6,450,720. The disclosure for this sale can be found here. Company insiders own 0.84% of the company's stock.
Institutional Trading of EnLink Midstream
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Headlands Technologies LLC bought a new position in EnLink Midstream in the 4th quarter valued at approximately $27,000. National Bank of Canada FI bought a new position in EnLink Midstream in the 3rd quarter valued at approximately $28,000. Comerica Bank bought a new position in EnLink Midstream in the 2nd quarter valued at approximately $250,000. JNBA Financial Advisors bought a new position in EnLink Midstream in the 4th quarter valued at approximately $30,000. Finally, Sunbelt Securities Inc. lifted its position in EnLink Midstream by 232.4% in the 3rd quarter. Sunbelt Securities Inc. now owns 5,488 shares of the pipeline company's stock valued at $67,000 after acquiring an additional 3,837 shares in the last quarter. Hedge funds and other institutional investors own 45.87% of the company's stock.
About EnLink Midstream
(
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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.
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