Brokerage Firm Rating Update on EnLink Midstream LLC (ENLC)

EnLink Midstream LLC (ENLC) : 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 8 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on EnLink Midstream LLC (ENLC). Zacks Investment Research suggests a Hold with a rank of 3. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 11 Wall Street Analysts endorse the stock as a Hold with a rating of 3.18.

EnLink Midstream LLC (ENLC) : Currently there are 10 street experts covering EnLink Midstream LLC (ENLC) stock. The most bullish and bearish price target for the stock is $19 and $12 respectively for the short term. The average price target of all the analysts comes to $16.3. The estimated standard deviation from the target is $2.11.


Company shares have received an average consensus rating of Hold for the current week Also, Barclays maintains their rating on the shares of EnLink Midstream LLC (NYSE:ENLC). The current rating of the shares is Equal-weight. Equity Analysts at the Firm raises the price target to $17 per share from $16 per share. The rating by the firm was issued on August 17, 2016.

EnLink Midstream LLC (NYSE:ENLC): The stock opened at $17.24 and touched an intraday high of $17.51 on Wednesday. During the day, the stock corrected to an intraday low of $17.07, however, the bulls stepped in and pushed the price higher to close in the green at $17.27 with a gain of 0.70% for the day. The total traded volume for the day was 720,556. The stock had closed at $17.15 in the previous trading session.

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.

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