EnLink Midstream (NYSE:ENLC): RBC Capital Reconfirms “Outperform” Rating Today, Has a Target of $18/Share

November 9, 2018 - By Matthew Medley

EnLink Midstream, LLC (NYSE:ENLC) Logo

EnLink Midstream (NYSE:ENLC) Rating Reaffirmed

New York: In an analyst note sent to investors on Thursday, 8 November, RBC Capital maintained their “Outperform” rating on EnLink Midstream (NYSE:ENLC) shares. They now have a $18 TP on the company. RBC Capital’s target suggests a potential upside of 44.00 % from the company’s previous stock close.

EnLink Midstream, LLC (NYSE:ENLC) Ratings Coverage

Among 4 analysts covering EnLink Midstream LLC (NYSE:ENLC), 0 have Buy rating, 0 Sell and 4 Hold. Therefore 0 are positive. EnLink Midstream LLC has $19 highest and $16 lowest target. $18.25’s average target is 46.00% above currents $12.5 stock price. EnLink Midstream LLC had 5 analyst reports since June 4, 2018 according to SRatingsIntel. The firm earned “Hold” rating on Monday, June 4 by FBR Capital. As per Tuesday, June 5, the company rating was maintained by Bank of America. The firm has “Equal-Weight” rating given on Wednesday, August 29 by Barclays Capital. The rating was maintained by Barclays Capital with “Equal-Weight” on Tuesday, June 12.

It closed at $12.5 lastly. It is up 0.89% since November 9, 2017 and is uptrending. It has underperformed by 14.73% the S&P500.

EnLink Midstream, LLC gathering, transmission, processing, fractionation, storage, stabilization, brine, and marketing services to producers of natural gas, natural gas liquids, crude oil, and condensate in the United States. The company has market cap of $2.27 billion. The Company’s midstream energy asset network includes approximately 11,000 miles of pipelines; 20 natural gas processing plants; 7 fractionators; barge and rail terminals; product storage facilities; brine disposal wells; and a crude oil trucking fleet. It has a 9.23 P/E ratio. The firm was founded in 2013 and is headquartered in Dallas, Texas.

More news for EnLink Midstream, LLC (NYSE:ENLC) were recently published by: Seekingalpha.com, which released: “EnLink Midstream goes ex-dividend tomorrow” on October 25, 2018. Benzinga.com‘s article titled: “Sell-Side Reacts To EnLink Midstream’s Proposed MLP Buyout” and published on October 23, 2018 is yet another important article.

EnLink Midstream, LLC (NYSE:ENLC) Ratings Chart

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