EnLink Midstream LLC (NYSE:ENLC)‘s stock had its “hold” rating reissued by stock analysts at Jefferies Group in a research note issued on Sunday. They currently have a $16.00 target price on the stock. Jefferies Group’s target price indicates a potential downside of 4.42% from the stock’s previous close.

A number of other equities research analysts have also weighed in on ENLC. Credit Suisse Group AG lowered shares of EnLink Midstream from a “neutral” rating to an “underperform” rating and set a $17.00 price objective on the stock. in a report on Tuesday, September 13th. Barclays PLC lowered shares of EnLink Midstream from an “overweight” rating to an “equal weight” rating and boosted their price objective for the company from $15.00 to $16.00 in a report on Monday, June 20th. RBC Capital Markets reissued a “sector perform” rating and set a $19.00 price objective (up from $14.00) on shares of EnLink Midstream in a report on Sunday, September 4th. Royal Bank Of Canada boosted their price objective on shares of EnLink Midstream from $14.00 to $19.00 and gave the company a “sector perform” rating in a report on Friday, September 2nd. Finally, Citigroup Inc. reissued a “buy” rating and set a $19.00 price objective (up from $18.00) on shares of EnLink Midstream in a report on Tuesday, June 28th. Four analysts have rated the stock with a sell rating, ten have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $17.00.

Analyst Recommendations for EnLink Midstream (NYSE:ENLC)

Shares of EnLink Midstream (NYSE:ENLC) opened at 16.74 on Friday. The firm’s 50-day moving average price is $16.47 and its 200-day moving average price is $15.23. The company’s market capitalization is $3.01 billion. EnLink Midstream has a 12-month low of $6.41 and a 12-month high of $23.38.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Chickasaw Capital Management LLC increased its position in shares of EnLink Midstream by 12.7% in the second quarter. Chickasaw Capital Management LLC now owns 14,679,660 shares of the company’s stock worth $233,553,000 after buying an additional 1,656,192 shares during the period. Tortoise Capital Advisors L.L.C. increased its position in shares of EnLink Midstream by 10.8% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 2,731,629 shares of the company’s stock worth $43,460,000 after buying an additional 266,469 shares during the period. JPMorgan Chase & Co. increased its position in shares of EnLink Midstream by 61.6% in the second quarter. JPMorgan Chase & Co. now owns 1,483,464 shares of the company’s stock worth $23,602,000 after buying an additional 565,487 shares during the period. Eagle Global Advisors LLC increased its position in shares of EnLink Midstream by 6.6% in the second quarter. Eagle Global Advisors LLC now owns 1,345,772 shares of the company’s stock worth $21,411,000 after buying an additional 82,800 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of EnLink Midstream by 3.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,206,026 shares of the company’s stock worth $19,189,000 after buying an additional 37,470 shares during the period. Institutional investors and hedge funds 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.

5 Day Chart for NYSE:ENLC

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