EnLink Midstream (NYSE:ENLC)‘s stock had its “hold” rating reaffirmed by analysts at Credit Suisse Group in a research report issued on Thursday, AnalystRatings.com reports. They currently have a $7.00 target price on the pipeline company’s stock. Credit Suisse Group’s target price indicates a potential upside of 28.32% from the company’s previous close.

ENLC has been the subject of a number of other research reports. Zacks Investment Research raised shares of EnLink Midstream from a “sell” rating to a “hold” rating in a report on Tuesday, December 17th. Barclays restated a “neutral” rating on shares of EnLink Midstream in a research report on Wednesday, November 20th. Robert W. Baird upgraded shares of EnLink Midstream from a “neutral” rating to an “outperform” rating and set a $6.00 price target on the stock in a research report on Thursday, December 5th. Royal Bank of Canada dropped their price target on shares of EnLink Midstream from $10.00 to $9.00 and set an “outperform” rating on the stock in a research report on Friday, January 17th. Finally, TheStreet lowered shares of EnLink Midstream from a “c-” rating to a “d+” rating in a research report on Friday, November 15th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $9.54.

NYSE:ENLC traded up $0.05 during mid-day trading on Thursday, hitting $5.46. 2,750,899 shares of the stock traded hands, compared to its average volume of 5,088,381. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.96. The stock has a market capitalization of $2.63 billion, a price-to-earnings ratio of -6.82, a PEG ratio of 6.50 and a beta of 2.02. The firm’s 50 day moving average is $5.68 and its two-hundred day moving average is $7.19. EnLink Midstream has a 52 week low of $4.33 and a 52 week high of $13.10.

EnLink Midstream (NYSE:ENLC) last released its quarterly earnings data on Thursday, November 7th. The pipeline company reported $0.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.05). EnLink Midstream had a negative net margin of 3.48% and a negative return on equity of 0.09%. The business had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter in the prior year, the business posted $0.04 earnings per share. EnLink Midstream’s revenue for the quarter was down 33.4% on a year-over-year basis. As a group, research analysts predict that EnLink Midstream will post 0.18 EPS for the current year.

In related news, Director Kyle D. Vann bought 10,000 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were acquired at an average price of $4.87 per share, for a total transaction of $48,700.00. Following the completion of the transaction, the director now directly owns 124,907 shares in the company, valued at $608,297.09. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.45% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in ENLC. Alps Advisors Inc. lifted its stake in shares of EnLink Midstream by 37.7% in the third quarter. Alps Advisors Inc. now owns 31,335,519 shares of the pipeline company’s stock worth $266,352,000 after buying an additional 8,578,208 shares in the last quarter. Chickasaw Capital Management LLC lifted its stake in shares of EnLink Midstream by 19.1% in the fourth quarter. Chickasaw Capital Management LLC now owns 27,081,976 shares of the pipeline company’s stock worth $166,013,000 after buying an additional 4,338,825 shares in the last quarter. Kayne Anderson Capital Advisors LP raised its stake in EnLink Midstream by 20.8% during the third quarter. Kayne Anderson Capital Advisors LP now owns 10,052,805 shares of the pipeline company’s stock worth $85,446,000 after purchasing an additional 1,728,000 shares during the period. Zimmer Partners LP raised its stake in EnLink Midstream by 400.0% during the third quarter. Zimmer Partners LP now owns 1,000,000 shares of the pipeline company’s stock worth $8,500,000 after purchasing an additional 800,000 shares during the period. Finally, Cadence Capital Management LLC raised its stake in EnLink Midstream by 45.1% during the third quarter. Cadence Capital Management LLC now owns 1,333,262 shares of the pipeline company’s stock worth $1,333,000 after purchasing an additional 414,431 shares during the period. Institutional investors and hedge funds own 47.53% of the company’s stock.

EnLink Midstream Company Profile

EnLink Midstream, LLC focuses on providing midstream energy services in the United States. It operates through Texas, Oklahoma, Louisiana, and Crude and Condensate segments. The company is involved in gathering, compressing, treating, processing, transporting, storing, and selling natural gas; fractionating, transporting, storing, and selling natural gas liquids; and gathering, transporting, stabilizing, storing, trans-loading, and selling crude oil and condensate, as well as providing brine disposal services.

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Analyst Recommendations for EnLink Midstream (NYSE:ENLC)

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