Originally published on Best Stocks Category: best stocks to buy now In a report that was distributed on Friday, the stock rating of EnLink Midstream (NYSE: ENLC), which had previously been assigned as “hold,” was upgraded to “buy.”Over the past few months, several other equity analysts have offered their opinions regarding ENLC. In a research note published on November 3, Raymond James increased their price objective for EnLink Midstream from $12.00 to $14.00 and rated the company “outperform.” EnLink Midstream was given the rating of “sector perform” in a research note published by the Royal Bank of Canada on November 3. In the note, the Royal Bank of Canada increased its price target for the company from $12.00 to $14.00. The Royal Bank of Canada also assigned a rating of “sector performs” to the stock. In a research report released on Wednesday, October 19, Morgan Stanley increased their price target for EnLink Midstream shares from $12.00 to $14.00 and changed their rating on the stock from “equal weight” to “overweight.” With the publication of a research report on September 27, Stifel Nicolaus became the first brokerage firm to cover shares of EnLink Midstream. They suggested “buying” the stock and determined that a price goal of $12.50 should be set. One of the research analysts who cover the company has suggested selling the stock, while two others have given it a rating of “hold,” and four others have given it a rating of “buy.” According to the data made available by Bloomberg, the consensus recommendation regarding EnLink Midstream’s stock is to “Hold,” and the consensus price objective is seen as being in the $12.75.During the trading session during lunch on Friday, the price of NYSE ENLC shares dropped by $0.16, bringing the price to $12.02. Compared to the daily average volume of share transactions, which is 2,639,772 shares, the total number of shares bought and sold was 2,491,223. The current and quick ratio correlate 1.04, and the debt-to-equity ratio has a correlation of 1.58 with the quick ratio. The current ratio and the quick ratio are both measures of liquidity. During the past year, the price of EnLink Midstream has ranged from $5.88 to $12.65, representing both a low and a high point. The stock’s moving average over the last 50 days is $10.40, and the moving average over the last 200 days is $10.3THE company has a price-to-earnings ratio of 23.12, its beta value is 2.66, and its market capitalization is $5.82 billion.Recently, institutional investors and hedge funds adjusted the percentage of the company’s stock they held in their portfolios to better align with their investment strategies. During the third quarter, Jennison Associates LLC was able to amass an additional 179.8 percentage points’ worth of shares in EnLink Midstream. Jennison Associates LLC increased the number of pipeline company shares it owned during the most recent quarter by 2,877,340, bringing the total number of shares owned by the company to 4,477,283, with a value of $39,803,000. The Goldman Sachs Group Inc. increased the proportion of EnLink Midstream owned by 63.8% over the second quarter. Goldman Sachs Group Inc. now has 6,928,608 shares of the pipeline company’s stock, valued at $58,893,000, after the company made an additional purchase of 2,697,480 shares during the most recent period. Millennium Management LLC successfully achieved a 455.6% increase in the size of its holdings in EnLink Midstream over the second quarter. Millennium Management LLC now owns 1,039,292 of the pipeline company’s stock, which has a value of $8,834,000 after purchasing an additional 852,236 shares during the most recent quarter. These shares were purchased through the pipeline company’s direct stock purchase program. During the first three months of 2018, Dimensional Fund Advisors LP realized a 7.1% increase in the number of EnLink Midstream shares it held in its portfolio. Following the acquisition of 746,457 shares during the relevant period, Dimensional Fund Advisors LP now owns 11,225,310 of the pipeline company’s stock, which carries a market value of $108,324,000.Last but not least, NBW Capital LLC increased the proportion of EnLink Midstream owned by 106.4% during the third quarter. This is by no means the least important development. NBW Capital LLC now holds a total of 1,151,465 shares of the pipeline company’s stock, which have a value of $10,237,000, after the acquisition of an additional 593,642 shares during the most recent quarter. This brings the total number of shares held by the company to 1,151,465. At the moment, institutions hold ownership over 42.03 percent of the total shares of stock that are outstanding.The provision of midstream energy services in the United States is the responsibility of the company known as EnLink Midstream, LLC. The names of the company’s five operational segments are as follows:The Permian segmentThe Louisiana segmentThe Oklahoma segmentThe North Texas segmentThe Corporate segmentThe company is responsible for the collection, processing, compression, transportation, storage, and ultimately the sale of natural gas. After being fractionated, stored, and moved, natural gas liquids are also moved and sold. This step follows fractionation and storage. In addition to these capabilities, it can stabilize, condense, and transload crude oil and get rid of brine.