EnLink Midstream LLC (NYSE:ENLC) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Monday.

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 company. Citigroup Inc. reissued a “buy” rating and set a $19.00 price objective (up previously from $18.00) on shares of EnLink Midstream in a research report on Tuesday, June 28th. Barclays PLC raised their price objective on EnLink Midstream from $16.00 to $17.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 17th. Wunderlich raised their price objective on EnLink Midstream from $16.00 to $18.00 and gave the company a “hold” rating in a research report on Wednesday, August 31st. Jefferies Group reissued a “hold” rating and set a $16.00 price objective on shares of EnLink Midstream in a research report on Sunday. Finally, Robert W. Baird upgraded EnLink Midstream from an “underperform” rating to a “neutral” rating and raised their price target 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, eleven have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $17.00.

Analyst Recommendations for EnLink Midstream (NYSE:ENLC)

EnLink Midstream (NYSE:ENLC) traded up 0.96% during midday trading on Monday, reaching $16.90. 421,603 shares of the company’s stock traded hands. EnLink Midstream has a one year low of $6.41 and a one year high of $23.38. The stock’s 50 day moving average price is $16.47 and its 200-day moving average price is $15.23. The stock’s market cap is $3.04 billion.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Cypress Wealth Advisors LLC boosted its position in shares of EnLink Midstream by 8.8% in the second quarter. Cypress Wealth Advisors LLC now owns 73,000 shares of the company’s stock valued at $1,161,000 after buying an additional 5,900 shares during the last quarter. Westwood Holdings Group Inc. boosted its position in shares of EnLink Midstream by 20.8% in the second quarter. Westwood Holdings Group Inc. now owns 445,826 shares of the company’s stock valued at $7,093,000 after buying an additional 76,732 shares during the last quarter. Cubist Systematic Strategies LLC boosted its position in shares of EnLink Midstream by 46.1% in the second quarter. Cubist Systematic Strategies LLC now owns 20,340 shares of the company’s stock valued at $324,000 after buying an additional 6,417 shares during the last quarter. Landscape Capital Management L.L.C. purchased a new position in shares of EnLink Midstream during the second quarter valued at about $458,000. Finally, Eagle Global Advisors LLC boosted 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 valued at $21,411,000 after buying an additional 82,800 shares during the last quarter. 25.31% of the stock is currently owned by institutional investors and hedge funds.

EnLink Midstream Company Profile

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

Receive News & Stock Ratings for EnLink Midstream LLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EnLink Midstream LLC and related stocks with our FREE daily email newsletter.