The stock of EnLink Midstream LLC (NYSE:ENLC) is a huge mover today! The stock decreased 3.04% or $0.51 on October 3, hitting $16.24. About 699,386 shares traded hands or 31.91% up from the average. EnLink Midstream LLC (NYSE:ENLC) has risen 93.56% since March 1, 2016 and is uptrending. It has outperformed by 81.35% the S&P500.
The move comes after 6 months negative chart setup for the $3.07B company. It was reported on Oct, 4 by Barchart.com. We have $14.94 PT which if reached, will make NYSE:ENLC worth $245.60 million less.
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 $15.12 million for 50.75 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 firm has “Sector Perform” rating by RBC Capital Markets given on Thursday, February 18. Wunderlich maintained EnLink Midstream LLC (NYSE:ENLC) rating on Wednesday, August 31. Wunderlich has “Hold” rating and $18 price target. The rating was upgraded by Robert W. Baird to “Neutral” on Tuesday, June 28. The rating was initiated by Barclays Capital with “Overweight” on Thursday, September 24. The rating was upgraded by UBS to “Buy” on Wednesday, September 9. The firm has “Neutral” rating given on Thursday, March 17 by Credit Suisse. The rating was downgraded by Wells Fargo to “Market Perform” on Friday, January 15. On Friday, September 2 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. RBC Capital Markets maintained EnLink Midstream LLC (NYSE:ENLC) on Thursday, November 5 with “Sector Perform” rating. On Thursday, May 12 the stock rating was maintained by Goldman Sachs with “Neutral”.
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 important recent EnLink Midstream LLC (NYSE:ENLC) news were published by: Marketwatch.com which released: “EnLink Midstream stock price target raised to $16 from $8 at RW Baird” on March 12, 2014, also Fool.com published article titled: “Here’s Why EnLink Midstream LLC Is Slumping Today”, Businesswire.com published: “EnLink Midstream, LLC and EnLink Midstream Partners LP to Acquire Subsidiaries …” on December 07, 2015. More interesting news about EnLink Midstream LLC (NYSE:ENLC) was released by: Fool.com and their article: “4 Key Factors That Will Determine Whether EnLink Midstream’s Dividend Survives …” with publication date: December 20, 2015.
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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