Stock Mover of the Day: Time to Buy EnLink Midstream LLC After Today’s Significant Increase?

Stock Mover of the Day: Time to Buy EnLink Midstream LLC After Today's Significant Increase?

The stock of EnLink Midstream LLC (NYSE:ENLC) is a huge mover today! The stock increased 4.95% or $0.79 during the last trading session, hitting $16.75. About 2.02 million shares traded hands or 314.83% up from the average. EnLink Midstream LLC (NYSE:ENLC) has risen 99.75% since February 26, 2016 and is uptrending. It has outperformed by 89.32% the S&P500.
The move comes after 8 months positive chart setup for the $3.01 billion company. It was reported on Oct, 1 by We have $24.46 PT which if reached, will make NYSE:ENLC worth $1.38B more.

Analysts await EnLink Midstream LLC (NYSE:ENLC) to report earnings on November, 2. They expect $0.08 EPS, down 95.98% or $1.91 from last year’s $1.99 per share. ENLC’s profit will be $14.38M for 52.34 P/E if the $0.08 EPS becomes a reality. After $0.01 actual EPS reported by EnLink Midstream LLC for the previous quarter, Wall Street now forecasts 700.00% EPS growth.

EnLink Midstream LLC (NYSE:ENLC) Ratings Coverage

Out of 15 analysts covering EnLink Midstream LLC (NYSE:ENLC), 3 rate it a “Buy”, 3 “Sell”, while 9 “Hold”. This means 20% are positive. EnLink Midstream LLC has been the topic of 41 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The rating was maintained by Barclays Capital on Thursday, February 18 with “Overweight”. Robert W. Baird upgraded EnLink Midstream LLC (NYSE:ENLC) on Tuesday, June 28 to “Neutral” rating. The stock of EnLink Midstream LLC (NYSE:ENLC) has “Equal-Weight” rating given on Wednesday, August 17 by Barclays Capital. The rating was downgraded by Wells Fargo on Monday, January 18 to “Market Perform”. Citigroup initiated EnLink Midstream LLC (NYSE:ENLC) rating on Tuesday, August 11. Citigroup has “Buy” rating and $31 price target. The firm has “Overweight” rating by Simmons & Co given on Thursday, August 27. The stock has “Neutral” rating given by Credit Suisse on Thursday, March 17. The firm earned “Underperform” rating on Monday, February 8 by Robert W. Baird. The firm has “Buy” rating by UBS given on Wednesday, September 9. Barclays Capital initiated the stock with “Overweight” rating in Thursday, September 24 report.

According to Zacks Investment Research, “Enlink Midstream LLC is independent midstream energy. The Company is involved in natural gas gathering, treating, processing, transmission, distribution, supply and marketing, and crude oil marketing. Enlink Midstream LLC, formerly known as Crosstex Energy Inc., is based in headquartered in Dallas, Texas.”

More recent EnLink Midstream LLC (NYSE:ENLC) news were published by: which released: “EnLink Midstream stock price target raised to $16 from $8 at RW Baird” on March 12, 2014. Also published the news titled: “Here’s Why EnLink Midstream LLC Is Slumping Today” on February 17, 2016.‘s news article titled: “EnLink Midstream, LLC and EnLink Midstream Partners LP to Acquire Subsidiaries …” with publication date: December 07, 2015 was also an interesting one.

ENLC Company Profile

EnLink Midstream, LLC, incorporated on October 16, 2013, 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’s assets consist of gathering systems, transmission pipelines, processing facilities, fractionation facilities, stabilization facilities, storage facilities and ancillary assets. TOM Holdings and its subsidiaries are controlled by the Partnership and have similar activities to the Partnership. The Partnership has five reportable divisions: Texas, which includes the Partnership’s natural gas gathering, processing and transmission activities in north Texas and the Permian Basin in west Texas; Oklahoma, which includes the Partnership’s natural gas gathering, processing and transmission activities in Cana-Woodford and Arkoma-Woodford Shale areas; Louisiana, which includes the Partnership’s natural gas pipelines, natural gas processing plants and NGL assets located in Louisiana; Crude and Condensate, which includes the Partnership’s Ohio River Valley crude oil, condensate and brine disposal activities in the Utica and Marcellus Shales, its equity interests in E2 Energy Services, LLC, E2 Appalachian Compression, LLC and E2 Ohio Compression, LLC, its crude oil activities in the Permian Basin and its crude oil activities associated with the Victoria Express Pipeline and related truck terminal and storage assets (VEX) located in the Eagle Ford Shale, and Corporate, which includes the Partnership’s unconsolidated affiliate investments in Howard Energy Partners (HEP), in the Eagle Ford Shale, its contractual right to the economic burdens and benefits associated with Devon Energy Corporation’s ownership interest in Gulf Coast Fractionators (GCF).

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