Price Action Alert: How Analysts Feel About EnLink Midstream LLC After Today’s Big Increase?

Price Action Alert: How Analysts Feel About EnLink Midstream LLC After Today's Big Increase?

The stock of EnLink Midstream LLC (NYSE:ENLC) is a huge mover today! About 253,450 shares traded hands. EnLink Midstream LLC (NYSE:ENLC) has risen 12.36% since April 27, 2016 and is uptrending. It has outperformed by 7.13% the S&P500.
The move comes after 9 months positive chart setup for the $3.17B company. It was reported on Nov, 30 by Barchart.com. We have $19.73 PT which if reached, will make NYSE:ENLC worth $285.30M more.

Analysts await EnLink Midstream LLC (NYSE:ENLC) to report earnings on February, 21. They expect $0.08 EPS, down 95.58% or $1.73 from last year’s $1.81 per share. ENLC’s profit will be $14.01 million for 56.56 P/E if the $0.08 EPS becomes a reality.

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 Wednesday, August 17 with “Equal-Weight”. The stock of EnLink Midstream LLC (NYSE:ENLC) has “Neutral” rating given on Thursday, March 17 by Credit Suisse. The rating was downgraded by Wunderlich to “Hold” on Thursday, February 18. As per Wednesday, August 31, the company rating was maintained by Wunderlich. The firm has “Market Perform” rating given on Friday, January 15 by Wells Fargo. UBS upgraded the shares of ENLC in a report on Wednesday, September 9 to “Buy” rating. The firm has “Sector Perform” rating by RBC Capital Markets given on Friday, September 2. The rating was downgraded by Credit Suisse to “Underperform” on Tuesday, September 13. Barclays Capital initiated EnLink Midstream LLC (NYSE:ENLC) on Thursday, September 24 with “Overweight” rating. The stock has “Buy” rating given by Wunderlich on Thursday, August 6.

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: Fool.com which released: “Here’s Why EnLink Midstream LLC Is Slumping Today” on February 17, 2016, also Prnewswire.com published article titled: “EnLink Midstream to Present December 7 at the Chickasaw Capital MLP Investor …”, Fool.com published: “4 Key Factors That Will Determine Whether EnLink Midstream’s Dividend Survives …” on December 20, 2015. More interesting news about EnLink Midstream LLC (NYSE:ENLC) was released by: Businesswire.com and their article: “EnLink Midstream, LLC and EnLink Midstream Partners LP to Acquire Subsidiaries …” with publication date: December 07, 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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