Zacks Investment Research upgraded shares of EnLink Midstream LLC (NYSE:ENLC) from a hold rating to a buy rating in a research report sent to investors on Tuesday morning. The firm currently has $18.00 target price on the stock.

According to Zacks, “Enlink Midstream LLC is independent midstream energy. The Company is involved in natural gas gathering, treating, processing, transmission, distribution, supply and marketing, and crude oil marketing. Enlink Midstream LLC, formerly known as Crosstex Energy Inc., is based in headquartered in Dallas, Texas. “

Other equities analysts have also issued research reports about the stock. Citigroup Inc. reiterated a buy rating and set a $19.00 price target (up previously from $18.00) on shares of EnLink Midstream in a report on Tuesday, June 28th. Barclays PLC lowered shares of EnLink Midstream from an overweight rating to an equal weight rating and boosted their target price for the company from $15.00 to $16.00 in a report on Monday, June 20th. Wunderlich boosted their target price on shares of EnLink Midstream from $16.00 to $18.00 and gave the company a hold rating in a report on Wednesday, August 31st. Jefferies Group lowered shares of EnLink Midstream from a buy rating to a hold rating and boosted their target price for the company from $13.00 to $15.00 in a report on Wednesday, June 8th. Finally, Robert W. Baird upgraded shares of EnLink Midstream from an underperform rating to a neutral rating and boosted their target price for the company from $8.00 to $16.00 in a report on Tuesday, June 28th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. EnLink Midstream currently has a consensus rating of Hold and an average price target of $16.92.

EnLink Midstream (NYSE:ENLC) opened at 16.14 on Tuesday. The company’s market cap is $2.91 billion. EnLink Midstream has a 12-month low of $6.41 and a 12-month high of $23.60. The firm’s 50-day moving average price is $16.55 and its 200-day moving average price is $15.01.

Several hedge funds have recently made changes to their positions in ENLC. BlackRock Fund Advisors boosted its stake in shares of EnLink Midstream by 1.3% in the first quarter. BlackRock Fund Advisors now owns 29,076 shares of the company’s stock worth $327,000 after buying an additional 371 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of EnLink Midstream by 10.8% in the first quarter. JPMorgan Chase & Co. now owns 917,977 shares of the company’s stock worth $10,328,000 after buying an additional 89,610 shares during the last quarter. LVW Advisors LLC boosted its stake in shares of EnLink Midstream by 93.7% in the first quarter. LVW Advisors LLC now owns 57,275 shares of the company’s stock worth $644,000 after buying an additional 27,700 shares during the last quarter. Cypress Wealth Advisors LLC boosted its stake in shares of EnLink Midstream by 30.4% in the first quarter. Cypress Wealth Advisors LLC now owns 67,100 shares of the company’s stock worth $755,000 after buying an additional 15,625 shares during the last quarter. Finally, UBS Group AG boosted its stake in shares of EnLink Midstream by 16.1% in the first quarter. UBS Group AG now owns 273,004 shares of the company’s stock worth $3,071,000 after buying an additional 37,902 shares during the last quarter. Institutional investors own 25.31% of the company’s stock.

About EnLink Midstream

EnLink Midstream, LLC is a midstream energy services company. The Company’s assets include its equity interests in EnLink Midstream Partners, LP (the Partnership) and EnLink TOM Holdings, LP (TOM Holdings). 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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