EnLink Midstream LLC (ENLC) Shares are Up 4.56%

EnLink Midstream LLC (ENLC) has been under a strong bear grip, hence the stock is down -1.63% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 4.38% in the past 1 week. The stock has risen by 4.56% in the past week indicating that the buyers are active at lower levels, but the stock is down -2.16% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 2.02% and the 50-Day Moving Average is 3.05%.The 200 Day SMA reached 23.57%


EnLink Midstream LLC (NYSE:ENLC): After opening at $16.06, the stock dipped to an intraday low of $15.87 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $16.82 and the buying power remained strong till the end. The stock closed at $16.75 for the day, a gain of 4.95% for the day session. The total traded volume was 2,020,839. The stocks close on the previous trading day was $16.75.

EnLink Midstream LLC (ENLC) : The highest short term price target forecast on EnLink Midstream LLC (ENLC) is $19 and the lowest target price is $12. A total of 10 equity analysts are currently covering the company. The average price of all the analysts is $16.3 with a standard deviation of $2.11.

Enlink Midstream, LLC is a limited liability company. The Companys 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 17,431,152 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *