EnLink Midstream LLC (NYSE:ENLC) has climbed 3.49% in the past week and advanced 3.15% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 4.73% and the outperformance has advanced to 2.21% for the last 4 weeks period.
EnLink Midstream LLC (NYSE:ENLC): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $16.05 and $15.36 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $16.10. The buying momentum continued till the end and the stock did not give up its gains. It closed at $15.73, notching a gain of 0.64% for the day. The total traded volume was 2,021,242 . The stock had closed at $15.63 on the previous day.
The company shares have dropped -51.70% from its 1 Year high price. On Jun 22, 2015, the shares registered one year high at $33.24 and the one year low was seen on Feb 24, 2016. The 50-Day Moving Average price is $14.97 and the 200 Day Moving Average price is recorded at $12.71.
On the companys insider trading activities,The officer (Senior Vice President) of Enlink Midstream, Llc, Golemon Stan sold 33,431 shares at $32.35 on June 8, 2015. The Insider selling transaction had a total value worth of $1,081,493. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Equity analysts at the Brokerage firm Mitsubishi UFJ downgrades its rating on EnLink Midstream LLC (NYSE:ENLC). The rating major has initiated the coverage with underweight rating on the shares. Earlier, the shares were rated a Neutral by the brokerage firm. The rating by the firm was issued on June 10, 2016. Currently the company Insiders own 1.24% of EnLink Midstream LLC shares according to the proxy statements. Institutional Investors own 23.11% of EnLink Midstream LLC shares.
Enlink Midstream, LLC is a limited liability company. The Companys 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 17,431,152 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.