EnLink Midstream, LLC (ENLC) PT Set at $21.00 by Robert W. Baird

EnLink Midstream, LLC (NYSE:ENLC) has been given a $21.00 target price by stock analysts at Robert W. Baird in a report released on Friday. The firm presently has a “hold” rating on the pipeline company’s stock. Robert W. Baird’s price target points to a potential upside of 36.36% from the stock’s current price.

Several other analysts have also weighed in on the stock. The Goldman Sachs Group, Inc. upgraded shares of EnLink Midstream from a “sell” rating to a “neutral” rating in a research note on Friday. BidaskClub upgraded shares of EnLink Midstream from a “strong sell” rating to a “sell” rating in a research note on Tuesday, November 7th. Citigroup Inc. lowered their target price on shares of EnLink Midstream from $21.00 to $19.00 and set a “buy” rating for the company in a research note on Thursday, November 2nd. Zacks Investment Research lowered shares of EnLink Midstream from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. Finally, UBS AG upgraded shares of EnLink Midstream from a “neutral” rating to a “buy” rating and set a $19.00 target price for the company in a research note on Tuesday, October 24th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $18.83.

Shares of EnLink Midstream (NYSE:ENLC) traded down $0.05 during trading hours on Friday, hitting $15.40. 273,300 shares of the company were exchanged, compared to its average volume of 407,517. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $2,790.10, a price-to-earnings ratio of 515.00 and a beta of 2.59. EnLink Midstream has a fifty-two week low of $15.00 and a fifty-two week high of $20.45.

EnLink Midstream (NYSE:ENLC) last issued its quarterly earnings results on Tuesday, October 31st. The pipeline company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.11). The company had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.36 billion. EnLink Midstream had a return on equity of 0.15% and a net margin of 0.12%. The business’s revenue was up 26.6% compared to the same quarter last year. analysts forecast that EnLink Midstream will post 0.3 earnings per share for the current fiscal year.

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Institutional investors and hedge funds have recently made changes to their positions in the company. The Manufacturers Life Insurance Company boosted its holdings in shares of EnLink Midstream by 11.8% during the second quarter. The Manufacturers Life Insurance Company now owns 5,684 shares of the pipeline company’s stock valued at $100,000 after acquiring an additional 599 shares during the period. Linscomb & Williams Inc. acquired a new position in shares of EnLink Midstream during the third quarter valued at $150,000. WFG Advisors LP boosted its holdings in shares of EnLink Midstream by 11.5% during the second quarter. WFG Advisors LP now owns 9,201 shares of the pipeline company’s stock valued at $162,000 after acquiring an additional 950 shares during the period. GSA Capital Partners LLP acquired a new position in shares of EnLink Midstream during the second quarter valued at $178,000. Finally, Nationwide Fund Advisors boosted its holdings in shares of EnLink Midstream by 397.6% during the third quarter. Nationwide Fund Advisors now owns 12,013 shares of the pipeline company’s stock valued at $207,000 after acquiring an additional 9,599 shares during the period. 34.46% of the stock is owned by institutional investors.

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.

Analyst Recommendations for EnLink Midstream (NYSE:ENLC)

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