EnLink Midstream LLC (ENLC) is Downgraded by Jefferies to Hold

EnLink Midstream LLC (ENLC) was Downgraded by Jefferies to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. Jefferies advised their investors in a research report released on Jun 8, 2016.

Many Wall Street Analysts have commented on EnLink Midstream LLC. EnLink Midstream LLC was Downgraded by Credit Suisse to ” Neutral” on Mar 17, 2016.

EnLink Midstream LLC opened for trading at $16.76 and hit $16.89 on the upside on Tuesday, eventually ending the session at $16.73, with a gain of 0.42% or 0.07 points. The heightened volatility saw the trading volume jump to 3,61,233 shares. Company has a market cap of $3,012 M.

In a different news, on Jun 10, 2015, Stan Golemon (Senior Vice President) sold 33,431 shares at $32.35 per share price.

Enlink Midstream LLC is a limited liability company. The Company’s assets consist of equity interests in EnLink Midstream Partners LP (Partnership) and EnLink Midstream Holdings LP (Midstream Holdings). The Partnership is a publicly traded limited partnership 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. Midstream Holdings is engaged in the gathering transmission and processing of natural gas. The Company has approximately 17431152 common units representing an aggregate 7% limited partner interest in the Partnership. As of December 31 2014 the Company also has 100% ownership interest in EnLink Midstream Partners GP LLC which is the general partner of the Partnership. The Company also had 25% limited partner interest in Midstream Holdings as of February 17 2015.

EnLink Midstream LLC

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