EnLink Midstream’s (ENLC) Hold Rating Reaffirmed at Jefferies Group
Other research analysts also recently issued research reports about the stock. Zacks Investment Research upgraded shares of EnLink Midstream from a hold rating to a buy rating and set a $18.00 price objective on the stock in a report on Tuesday, October 4th. Citigroup Inc. reiterated a buy rating and issued a $19.00 target price (up previously from $18.00) on shares of EnLink Midstream in a research note on Tuesday, June 28th. Barclays PLC upped their target price on shares of EnLink Midstream from $16.00 to $17.00 and gave the stock an equal weight rating in a research note on Wednesday, August 17th. Wunderlich upped their target price on shares of EnLink Midstream from $16.00 to $18.00 and gave the stock a hold rating in a research note on Wednesday, August 31st. Finally, Robert W. Baird upgraded shares of EnLink Midstream from an underperform rating to a neutral rating and upped their target price for the stock from $8.00 to $16.00 in a research note on Tuesday, June 28th. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. EnLink Midstream currently has an average rating of Hold and a consensus target price of $17.00.
Shares of EnLink Midstream (NYSE:ENLC) opened at 16.74 on Friday. The firm has a 50-day moving average of $16.47 and a 200 day moving average of $15.23. EnLink Midstream has a 52 week low of $6.41 and a 52 week high of $23.38. The firm’s market cap is $3.01 billion.
A number of institutional investors have recently modified their holdings of the company. Teacher Retirement System of Texas raised its position in shares of EnLink Midstream by 24.3% in the second quarter. Teacher Retirement System of Texas now owns 7,489 shares of the company’s stock worth $119,000 after buying an additional 1,464 shares in the last quarter. Groesbeck Investment Management Corp NJ acquired a new position in shares of EnLink Midstream during the first quarter worth $131,000. Quantbot Technologies LP acquired a new position in shares of EnLink Midstream during the second quarter worth $144,000. KCG Holdings Inc. raised its position in shares of EnLink Midstream by 35.3% in the second quarter. KCG Holdings Inc. now owns 13,842 shares of the company’s stock worth $220,000 after buying an additional 3,615 shares in the last quarter. Finally, Proficio Capital Partners LLC raised its position in shares of EnLink Midstream by 1,276.6% in the second quarter. Proficio Capital Partners LLC now owns 16,244 shares of the company’s stock worth $245,000 after buying an additional 15,064 shares in the last quarter. Hedge funds and other institutional investors own 25.31% of the company’s stock.
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.
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