EnLink Midstream (NYSE:ENLC) has been assigned a $18.00 price objective by Robert W. Baird in a research report issued to clients and investors on Monday. The firm currently has a “hold” rating on the pipeline company’s stock. Robert W. Baird’s price objective indicates a potential upside of 4.05% from the stock’s current price.

Several other analysts also recently commented on ENLC. Seaport Global Securities set a $17.00 price objective on shares of EnLink Midstream and gave the company a “hold” rating in a research report on Friday, February 9th. ValuEngine downgraded shares of EnLink Midstream from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. B. Riley initiated coverage on shares of EnLink Midstream in a report on Friday, January 26th. They issued a “neutral” rating and a $18.00 price target on the stock. Zacks Investment Research upgraded shares of EnLink Midstream from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a report on Tuesday, October 17th. Finally, Bank of America initiated coverage on shares of EnLink Midstream in a report on Tuesday, January 9th. They issued a “neutral” rating on the stock. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have assigned a buy rating to the company. EnLink Midstream has a consensus rating of “Hold” and a consensus target price of $18.62.

Shares of EnLink Midstream (NYSE ENLC) opened at $17.30 on Monday. The company has a market cap of $2,997.78, a price-to-earnings ratio of 576.86 and a beta of 2.47. EnLink Midstream has a 52-week low of $15.00 and a 52-week high of $20.45. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.85 and a current ratio of 0.85.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp increased its holdings in shares of EnLink Midstream by 8.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 79,353 shares of the pipeline company’s stock worth $1,396,000 after buying an additional 6,238 shares during the last quarter. GSA Capital Partners LLP bought a new stake in shares of EnLink Midstream in the 2nd quarter worth about $178,000. Northern Trust Corp increased its holdings in shares of EnLink Midstream by 0.4% in the 2nd quarter. Northern Trust Corp now owns 102,348 shares of the pipeline company’s stock worth $1,802,000 after buying an additional 386 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of EnLink Midstream by 19.9% in the 2nd quarter. Vanguard Group Inc. now owns 239,377 shares of the pipeline company’s stock worth $4,213,000 after buying an additional 39,809 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of EnLink Midstream by 12.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,153,393 shares of the pipeline company’s stock worth $37,899,000 after buying an additional 245,455 shares during the last quarter. Institutional investors own 34.40% of the company’s stock.

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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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