Shares of EnLink Midstream, LLC (NYSE:ENLC) have been given a consensus rating of “Hold” by the thirteen research firms that are presently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation and nine have given a hold recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $19.11.

Several research firms recently weighed in on ENLC. BidaskClub lowered EnLink Midstream from a “hold” rating to a “sell” rating in a research report on Saturday. Robert W. Baird restated a “hold” rating and set a $21.00 price target on shares of EnLink Midstream in a research report on Thursday, September 21st. ValuEngine lowered EnLink Midstream from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Zacks Investment Research upgraded EnLink Midstream from a “strong sell” rating to a “hold” rating in a research report on Monday, August 7th. Finally, Mitsubishi UFJ Financial Group upgraded EnLink Midstream from an “underweight” rating to a “neutral” rating and set a $19.00 price target on the stock in a research report on Friday, August 4th.

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Shares of EnLink Midstream (NYSE ENLC) remained flat at $17.25 during trading on Wednesday. 730,177 shares of the company were exchanged. EnLink Midstream has a 12-month low of $14.70 and a 12-month high of $20.45. The stock has a market capitalization of $3.11 billion, a PE ratio of 4312.50 and a beta of 2.62. The firm has a 50-day moving average price of $17.04 and a 200 day moving average price of $17.80.

A number of large investors have recently made changes to their positions in ENLC. Ameriprise Financial Inc. raised its stake in EnLink Midstream by 3.1% during the first quarter. Ameriprise Financial Inc. now owns 13,742 shares of the pipeline company’s stock valued at $266,000 after buying an additional 412 shares during the last quarter. Keybank National Association OH raised its stake in EnLink Midstream by 8.4% during the first quarter. Keybank National Association OH now owns 25,130 shares of the pipeline company’s stock valued at $488,000 after buying an additional 1,940 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in EnLink Midstream by 2.3% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 36,103 shares of the pipeline company’s stock valued at $700,000 after buying an additional 820 shares during the last quarter. Blair William & Co. IL raised its stake in EnLink Midstream by 7.4% during the first quarter. Blair William & Co. IL now owns 29,930 shares of the pipeline company’s stock valued at $575,000 after buying an additional 2,060 shares during the last quarter. Finally, Alliancebernstein L.P. raised its stake in EnLink Midstream by 34.7% during the first quarter. Alliancebernstein L.P. now owns 15,706 shares of the pipeline company’s stock valued at $305,000 after buying an additional 4,044 shares during the last quarter. Institutional investors and hedge funds own 34.53% of the company’s stock.

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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