Barclays PLC restated their hold rating on shares of EnLink Midstream, LLC (NYSE:ENLC) in a research note released on Friday, July 21st. The firm currently has a $19.00 price target on the pipeline company’s stock.
A number of other equities analysts have also issued reports on the company. BidaskClub upgraded EnLink Midstream from a strong sell rating to a sell rating in a research note on Saturday, June 24th. Royal Bank Of Canada reiterated a hold rating and set a $21.00 price objective on shares of EnLink Midstream in a research note on Friday, April 21st. Credit Suisse Group lifted their price objective on EnLink Midstream from $18.00 to $19.00 and gave the company an underperform rating in a research note on Friday, April 7th. Guggenheim assumed coverage on EnLink Midstream in a research note on Monday, April 17th. They set a neutral rating and a $18.00 price objective for the company. Finally, Jefferies Group LLC upgraded EnLink Midstream from an underperform rating to a hold rating and reduced their price objective for the company from $16.00 to $15.00 in a research note on Wednesday, July 12th. Three equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. The stock presently has an average rating of Hold and an average target price of $18.55.
Shares of EnLink Midstream (NYSE:ENLC) opened at 16.70 on Friday. EnLink Midstream has a one year low of $14.70 and a one year high of $20.45. The company’s 50-day moving average price is $17.47 and its 200-day moving average price is $18.17. The stock has a market cap of $3.02 billion, a PE ratio of 4175.00 and a beta of 2.58.
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The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 14th. Investors of record on Tuesday, August 1st will be issued a $0.255 dividend. This represents a $1.02 annualized dividend and a yield of 6.11%. The ex-dividend date is Friday, July 28th.
A number of large investors have recently bought and sold shares of ENLC. Tower Research Capital LLC TRC purchased a new stake in EnLink Midstream during the first quarter valued at about $206,000. Duff & Phelps Investment Management Co. boosted its stake in EnLink Midstream by 9.1% in the second quarter. Duff & Phelps Investment Management Co. now owns 12,000 shares of the pipeline company’s stock valued at $211,000 after buying an additional 1,000 shares during the last quarter. Roanoke Asset Management Corp NY purchased a new stake in EnLink Midstream during the second quarter valued at about $220,000. Proficio Capital Partners LLC boosted its stake in EnLink Midstream by 4.2% in the first quarter. Proficio Capital Partners LLC now owns 12,655 shares of the pipeline company’s stock valued at $228,000 after buying an additional 513 shares during the last quarter. Finally, Hollencrest Securities LLC purchased a new stake in EnLink Midstream during the first quarter valued at about $258,000. Institutional investors own 33.48% of the company’s stock.
About EnLink Midstream
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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