EnLink Midstream LLC (ENLC) is Downgraded by Credit Suisse to Underperform

EnLink Midstream LLC (ENLC) was Downgraded by Credit Suisse to ” Underperform”. Earlier the firm had a rating of “Neutral ” on the company shares. Credit Suisse advised their investors in a research report released on Sep 13, 2016.

Many Wall Street Analysts have commented on EnLink Midstream LLC. Company shares were Reiterated by RBC Capital Mkts on Sep 2, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 19 from a previous price target of $14 .Company shares were Reiterated by Wunderlich on Aug 31, 2016 to “Hold”, Firm has raised the Price Target to $ 18 from a previous price target of $16 .Company shares were Upgraded by Robert W. Baird on Jun 28, 2016 to ” Neutral”, Firm has raised the Price Target to $ 16 from a previous price target of $8 .

EnLink Midstream LLC closed down -0.2 points or -1.16% at $17 with 410,985 shares getting traded on Monday. Post opening the session at $17, the shares hit an intraday low of $16.811 and an intraday high of $17.32 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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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