Zacks Investment Research downgraded EnLink Midstream LLC (NYSE:ENLC) to Hold in a report released today.
- Updated: October 17, 2016
Yesterday EnLink Midstream LLC (NYSE:ENLC) traded 0.96% higher at $16.90. The company’s 50-day moving average is $16.46 and its 200-day moving average is $15.34. The last stock close price is up 10.21% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 421,603 shares of the stock were exchanged, down from an average trading volume of 481,718
Zacks Investment Research has downgraded EnLink Midstream LLC (NYSE:ENLC) to Hold in a report released on 10/17/2016.
Previously on 10/4/2016, Zacks Investment Research reported about EnLink Midstream LLC (NYSE:ENLC) raised the target price from $0.00 to $18.00. At the time, this indicated a possible upside of 0.12%.
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EnLink Midstream LLC has a 52 week low of $6.41 and a 52 week high of $23.38 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 15 firms have reported on the stock. The consensus target price is $14.40 with 1 firm rating the stock a strong buy, 2 firms rating the stock a buy, 11 firms rating the stock a hold, 1 firm rating the stock a underperform, and finally 1 firm rating the stock a sell.
About 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, storage facilities and ancillary assets.
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