A statement released earlier today by Goldman Sachs about EnLink Midstream LLC (NYSE:ENLC) bumps down the target price to $14.00
- Updated: September 19, 2016
Goldman Sachs dropped the estimated target of EnLink Midstream LLC (NYSE:ENLC) to $14, reporting a possible downside of -0.13%.
Showing a price of $16.05, EnLink Midstream LLC (NYSE:ENLC) traded 0.00% even on the day. The last stock price is up 13.02% from the two hundred day moving average, compared to the Standard & Poor’s 500 Index which has decreased -0.01% over the same period. EnLink Midstream LLC has logged a 50-day average of $16.25 and two hundred day moving average of $14.20. Trade volume was was down over the average, with 200 shares of ENLC changing hands under the typical 435,333 shares.
EnLink Midstream LLC has a 52 week low of $6.41 and a one-year high of $23.60 and has a total market value of $0.0.
A total of 15 equity analysts have issued a research note on the company. One firm rate the stock a strong buy, two firms rate the stock a buy, 11 analyts rate the company a hold, one analyst rate the stock to underperform, and lastly one analystrate the company as sell with a 12-month target of $14.40
General Company Details For EnLink Midstream LLC (NYSE:ENLC)
EnLink Midstream, LLC is a midstream energy services company. The Company’s assets include its equity interests in EnLink Midstream Partners, LP (the Partnership) and EnLink TOM Holdings, LP (TOM Holdings). 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. TOM Holdings and its subsidiaries are controlled by the Partnership and have similar operations to the Partnership. The Partnership has five reportable segments: Texas, Oklahoma, Louisiana, Crude and Condensate, and Corporate. The Partnership’s assets consist of gathering systems, transmission pipelines, processing facilities, fractionation facilities, stabilization facilities, and storage facilities and ancillary assets.
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