Press coverage about EnLink Midstream (NYSE:ENLC) has been trending somewhat positive on Tuesday, Alpha One reports. Alpha One, a subsidiary of Accern, identifies positive and negative press coverage by monitoring more than 20 million news and blog sources. Alpha One ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. EnLink Midstream earned a news impact score of 0.11 on Alpha One’s scale. Alpha One also gave news stories about the pipeline company an impact score of 25 out of 100, indicating that recent press coverage is very unlikely to have an effect on the company’s share price in the next few days.
Here are some of the news stories that may have effected AlphaOne Sentiment’s rankings:
- EnLink enters agreement to move NGLs from Central Oklahoma to Gulf Coast (ogfj.com)
- EnLink Midstream Announces Solution to Move NGLs from Central Oklahoma to Gulf Coast (finance.yahoo.com)
- American Midstream Partners LP (thewestcoastsportsblog.com)
- Delek Logistics Partners, L.P. (DKL) & EnLink Midstream (ENLC) Financial Comparison (americanbankingnews.com)
- Stock Performance Review on Oil and Gas Pipelines Industry — EnLink Midstream … (prnewswire.com)
Several research analysts have weighed in on ENLC shares. Credit Suisse Group increased their price target on shares of EnLink Midstream from $18.00 to $19.00 and gave the stock an “underperform” rating in a research report on Friday, April 7th. Janney Montgomery Scott started coverage on shares of EnLink Midstream in a research report on Friday, March 10th. They issued a “neutral” rating and a $21.00 price target on the stock. Royal Bank Of Canada reiterated a “hold” rating and issued a $21.00 price target on shares of EnLink Midstream in a research report on Friday, April 21st. Guggenheim assumed coverage on shares of EnLink Midstream in a research report on Monday, April 17th. They issued a “neutral” rating and a $18.00 price target on the stock. Finally, TheStreet upgraded shares of EnLink Midstream from a “d” rating to a “c-” rating in a research report on Friday, June 2nd. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. EnLink Midstream has a consensus rating of “Hold” and a consensus target price of $18.18.
Shares of EnLink Midstream (NYSE ENLC) traded down 2.51% during trading on Tuesday, hitting $15.55. 168,806 shares of the company’s stock were exchanged. The company’s market cap is $2.81 billion. EnLink Midstream has a 12-month low of $14.70 and a 12-month high of $20.45. The company has a 50-day moving average of $17.40 and a 200-day moving average of $18.55.
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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