EnLink Midstream (NYSE:ENLC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Tuesday.

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. “

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Several other research analysts also recently commented on the stock. Goldman Sachs Group upgraded shares of EnLink Midstream from a “sell” rating to a “neutral” rating in a research report on Friday, November 17th. Jefferies Group restated a “hold” rating and set a $16.00 price objective on shares of EnLink Midstream in a research report on Friday, January 12th. Royal Bank of Canada restated a “hold” rating and set a $20.00 price objective on shares of EnLink Midstream in a research report on Tuesday, January 16th. Bank of America lowered their price objective on shares of EnLink Midstream from $18.00 to $17.00 and set a “neutral” rating for the company in a research report on Thursday, February 22nd. Finally, Robert W. Baird set a $21.00 price objective on shares of EnLink Midstream and gave the company a “hold” rating in a research report on Friday, November 17th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $18.07.

Shares of EnLink Midstream (NYSE ENLC) opened at $15.20 on Tuesday. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.78 and a quick ratio of 0.78. The stock has a market capitalization of $2,740.00, a P/E ratio of 1,520.00 and a beta of 2.57. EnLink Midstream has a 12 month low of $14.55 and a 12 month high of $20.00.

Several large investors have recently made changes to their positions in the company. Northern Trust Corp increased its holdings in shares of EnLink Midstream by 0.4% during the second 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 in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of EnLink Midstream by 11.8% during the second quarter. The Manufacturers Life Insurance Company now owns 5,684 shares of the pipeline company’s stock worth $100,000 after buying an additional 599 shares in the last quarter. First Dallas Securities Inc. increased its holdings in shares of EnLink Midstream by 3.1% during the third quarter. First Dallas Securities Inc. now owns 147,908 shares of the pipeline company’s stock worth $2,552,000 after buying an additional 4,488 shares in the last quarter. Glenmede Trust Co. NA increased its holdings in shares of EnLink Midstream by 4.8% during the fourth quarter. Glenmede Trust Co. NA now owns 102,933 shares of the pipeline company’s stock worth $1,811,000 after buying an additional 4,727 shares in the last quarter. Finally, State Street Corp increased its holdings in shares of EnLink Midstream by 7.0% during the second quarter. State Street Corp now owns 104,852 shares of the pipeline company’s stock worth $1,846,000 after buying an additional 6,851 shares in the last quarter. Institutional investors own 33.66% of the company’s stock.

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About EnLink Midstream

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.

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