UBS AG Upgrades EnLink Midstream, LLC (NYSE:ENLC) to "Buy"

EnLink Continues to Expand Capacity in Delaware and STACK Regions

EnLink Continues to Expand Capacity in Delaware and STACK Regions

Press coverage about EnLink Midstream (NYSE:ENLC) has trended somewhat positive recently, according to Accern Sentiment. Finally, Royal Bank Of Canada restated a hold rating and set a $21.00 target price on shares of EnLink Midstream in a report on Monday, July 31st.

ENLC has been the subject of a number of research reports. BidaskClub downgraded shares of EnLink Midstream from a "sell" rating to a "strong sell" rating in a research note on Saturday, October 7th.

Over the past five trading sessions shares of EnLink Midstream Partners, LP (NYSE:ENLK) are 0.26%; -8.25% for the month; -6.45% for the last quarter; -11.65% for the past six-months; and -8.63% for the last 12 months.The current price is staying below the SMA lines which signify weakens and is generally unhealthy/negative and may provide the momentum for driving the share price lower. UBS AG upgraded shares of EnLink Midstream from a neutral rating to a buy rating and set a $19.00 target price on the stock in a report on Tuesday, October 24th. The analysts, on average, are forecasting a $18.73 price target, but the stock is already up 6.6% from its recent lows. Sell-side analyst recommendations point to a short term price target of $19.06 on the company shares. Finally, ValuEngine cut EnLink Midstream from a hold rating to a sell rating in a research report on Friday, September 1st. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. It has been assigned a low target price of $1.96 and a high target price of $4.38. The company had a trading volume of 419,009 shares, compared to its average volume of 473,453. The company has a market cap of $2.78 billion, a price-to-earnings ratio of 513.33 and a beta of 2.59. EnLink Midstream Partners LP (NYSE:ENLK) has risen 17.95% since November 4, 2016 and is uptrending. The company has a current ratio of 0.85, a quick ratio of 0.67 and a debt-to-equity ratio of 0.65.

Kayne Anderson Capital Advisors Lp decreased Enlink Midstream Partners Lp (ENLK) stake by 10.11% reported in 2017Q2 SEC filing. The business had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.36 billion.

EnLink Midstream (NYSE:ENLC) last announced its earnings results on Tuesday, October 31st.

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The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 14th. Shareholders of record on Monday, October 31st will be paid a $0.39 dividend. The ex-dividend date is Tuesday, October 31st. This represents a $1.02 dividend on an annualized basis and a yield of 6.54%.

A number of hedge funds have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company boosted its stake in EnLink Midstream by 11.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,684 shares of the pipeline company's stock worth $100,000 after acquiring an additional 599 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of EnLink Midstream by 3.8% during the 3rd quarter. The Kayne Anderson Capital Advisors Lp holds 5.16M shares with $87.54M value, down from 5.74 million last quarter. WFG Advisors LP now owns 9,201 shares of the pipeline company's stock worth $162,000 after acquiring an additional 950 shares during the last quarter. Chickasaw Capital Management LLC increased its holdings in EnLink Midstream by 0.6% during the 2nd quarter.

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