ValuEngine downgraded shares of EnLink Midstream, LLC (NYSE:ENLC) from a hold rating to a sell rating in a research note issued to investors on Friday, September 1st.
ENLC has been the subject of several other research reports. BidaskClub lowered shares of EnLink Midstream from a sell rating to a strong sell rating in a research note on Friday, August 11th. Barclays PLC reiterated a hold rating and set a $19.00 target price on shares of EnLink Midstream in a research note on Friday, July 21st. Mitsubishi UFJ Financial Group upgraded shares of EnLink Midstream from an underweight rating to a neutral rating and set a $19.00 target price for the company in a research note on Friday, August 4th. Jefferies Group LLC upgraded shares of EnLink Midstream from an underperform rating to a hold rating and lowered their price target for the stock from $16.00 to $15.00 in a research report on Wednesday, July 12th. Finally, Royal Bank Of Canada restated a hold rating and set a $21.00 price target on shares of EnLink Midstream in a research report on Monday, July 31st. Three investment analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. The stock currently has an average rating of Hold and a consensus target price of $18.60.
EnLink Midstream (ENLC) traded down 2.53% on Friday, hitting $17.35. 687,820 shares of the company were exchanged. The stock has a market cap of $3.13 billion, a PE ratio of 4337.50 and a beta of 2.62. The firm has a 50 day moving average of $17.05 and a 200-day moving average of $17.86. EnLink Midstream has a 52-week low of $14.70 and a 52-week high of $20.45.
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Hedge funds have recently bought and sold shares of the stock. Great West Life Assurance Co. Can lifted its holdings in EnLink Midstream by 2,201.2% in the first quarter. Great West Life Assurance Co. Can now owns 134,206 shares of the pipeline company’s stock worth $2,605,000 after purchasing an additional 128,374 shares during the period. Chickasaw Capital Management LLC lifted its holdings in EnLink Midstream by 0.6% in the second quarter. Chickasaw Capital Management LLC now owns 15,656,055 shares of the pipeline company’s stock worth $275,547,000 after purchasing an additional 100,025 shares during the period. Roanoke Asset Management Corp NY acquired a new stake in EnLink Midstream in the second quarter worth about $220,000. Tower Research Capital LLC TRC acquired a new stake in EnLink Midstream in the first quarter worth about $206,000. Finally, Bank of Montreal Can lifted its holdings in EnLink Midstream by 48.4% in the second quarter. Bank of Montreal Can now owns 273,340 shares of the pipeline company’s stock worth $4,811,000 after purchasing an additional 89,117 shares during the period. 34.79% of the stock is owned by institutional investors and hedge funds.
EnLink Midstream Company Profile
EnLink Midstream, LLC is an integrated midstream company. The Company’s assets consist of equity interests in EnLink Midstream Partners, LP (the Partnership) and EnLink Oklahoma Gas Processing, LP (EnLink Oklahoma T.O.). 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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