Seaport Global Securities Analysts Give EnLink Midstream (ENLC) a $14.00 Price Target

Seaport Global Securities set a $14.00 price objective on EnLink Midstream (NYSE:ENLC) in a research note published on Monday morning. The brokerage currently has a hold rating on the pipeline company’s stock.

Other equities analysts have also issued reports about the company. ValuEngine lowered EnLink Midstream from a hold rating to a sell rating in a report on Friday, February 2nd. Robert W. Baird set a $16.00 price target on EnLink Midstream and gave the company a hold rating in a research note on Tuesday, February 27th. Bank of America decreased their price target on EnLink Midstream from $18.00 to $17.00 and set a neutral rating for the company in a research note on Thursday, February 22nd. Zacks Investment Research raised EnLink Midstream from a sell rating to a hold rating in a research note on Wednesday, March 7th. Finally, JPMorgan Chase reaffirmed a neutral rating and set a $17.00 price target (down from $18.00) on shares of EnLink Midstream in a research note on Wednesday, March 14th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $17.71.

Shares of ENLC stock opened at $14.45 on Monday. EnLink Midstream has a 12-month low of $13.80 and a 12-month high of $20.00. The company has a market capitalization of $2,604.72, a P/E ratio of 360.00 and a beta of 2.47. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.78 and a quick ratio of 0.78.



EnLink Midstream (NYSE:ENLC) last issued its quarterly earnings data on Tuesday, February 20th. The pipeline company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.20). EnLink Midstream had a return on equity of 0.23% and a net margin of 3.71%. The business had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.44 billion. equities research analysts forecast that EnLink Midstream will post 0.73 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in ENLC. Millennium Management LLC lifted its position in shares of EnLink Midstream by 231.1% during the 4th quarter. Millennium Management LLC now owns 1,071,226 shares of the pipeline company’s stock valued at $18,854,000 after acquiring an additional 747,674 shares during the last quarter. Chickasaw Capital Management LLC lifted its position in shares of EnLink Midstream by 3.0% during the 4th quarter. Chickasaw Capital Management LLC now owns 15,898,889 shares of the pipeline company’s stock valued at $279,820,000 after acquiring an additional 456,251 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of EnLink Midstream by 14.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,468,233 shares of the pipeline company’s stock valued at $42,577,000 after acquiring an additional 314,840 shares during the last quarter. Tortoise Capital Advisors L.L.C. lifted its position in shares of EnLink Midstream by 8.0% during the 3rd quarter. Tortoise Capital Advisors L.L.C. now owns 3,737,067 shares of the pipeline company’s stock valued at $64,464,000 after acquiring an additional 275,225 shares during the last quarter. Finally, Cypress Wealth Advisors LLC acquired a new stake in shares of EnLink Midstream during the 4th quarter valued at $3,499,000. Institutional investors own 33.67% of the company’s stock.

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EnLink Midstream Company Profile

EnLink Midstream, LLC focuses on providing midstream energy services in the United States. It operates through five segments: Texas, Oklahoma, Louisiana, Crude and Condensate, and Corporate. The company is involved in gathering, compressing, treating, processing, transporting, storing, and selling natural gas; fractionating, transporting, storing, exporting, and selling natural gas liquids; and gathering, transporting, stabilizing, storing, and trans-loading crude oil, and condensate.

Analyst Recommendations for EnLink Midstream (NYSE:ENLC)

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