Baird Upgrades EnLink Midstream LLC to Neutral

Brokerage firm Baird Upgrades its rating on EnLink Midstream LLC(NYSE:ENLC). The shares have been rated Neutral. Previously, the analysts had a Underperform rating on the shares. The rating by Baird was issued on Jun 28, 2016.

In a different note, On Jun 20, 2016, Barclays said it Downgrades its rating on EnLink Midstream LLC. In the research note, the firm Raises the price-target to $15.00 per share. The shares have been rated ‘Equal-weight’ by the firm. On Jun 10, 2016, Mitsubishi UFJ said it Downgrades its rating on EnLink Midstream LLC. The shares have been rated ‘Underweight’ by the firm. On Jun 8, 2016, Jefferies said it Downgrades its rating on EnLink Midstream LLC. In the research note, the firm Raises the price-target to $13.00 per share. The shares have been rated ‘Hold’ by the firm. On May 31, 2016, JP Morgan said it Maintains its rating on EnLink Midstream LLC. In the research note, the firm Raises the price-target to $11.50 per share. The shares have been rated ‘Neutral’ by the firm. On May 12, 2016, Goldman Sachs said it Maintains its rating on EnLink Midstream LLC. In the research note, the firm Raises the price-target to $8.00 per share. The shares have been rated ‘Neutral’ by the firm. On May 9, 2016, Barclays said it Maintains its rating on EnLink Midstream LLC. In the research note, the firm Raises the price-target to $9.00 per share. The shares have been rated ‘Overweight’ by the firm.

EnLink Midstream LLC (ENLC) made into the market gainers list on Fridays trading session with the shares advancing 3.58% or 0.57 points. Due to strong positive momentum, the stock ended at $16.48, which is also near the day’s high of $16.68. The stock began the session at $15.98 and the volume stood at 4,85,645 shares. The 52-week high of the shares is $31.53 and the 52 week low is $6.41. The company has a current market capitalization of $2,967 M and it has 18,00,33,570 shares in outstanding.

EnLink Midstream LLC(ENLC) last announced its earnings results on Feb 17, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $1.07B. Analysts had an estimated revenue of $1.24B. Earnings per share were $-0.06. Analysts had estimated an EPS of $-0.10.

Several Insider Transactions has been reported to the SEC. 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.

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