EnLink Midstream LLC Gets a Hold Rating from RBC Capital

By Ryan Adsit

In a report released yesterday, Elvira Scotto from RBC Capital reiterated a Hold rating on EnLink Midstream LLC (NYSE: ENLC), with a price target of $21. The company’s shares opened today at $17.60.

According to TipRanks.com, Scotto is a top 25 analyst with an average return of 20.7% and a 70.6% success rate. Scotto covers the Basic Materials sector, focusing on stocks such as American Midstreampartners Lp, Energy Transfer Partners LP, and Sanchez Production Partners.

Currently, the analyst consensus on EnLink Midstream LLC is Moderate Buy and the average price target is $19, representing a 8.0% upside.

In a report issued on July 18, Barclays also maintained a Hold rating on the stock with a $19 price target.

The company has a one year high of $20.45 and a one year low of $14.70. Currently, EnLink Midstream LLC has an average volume of 365.3K.

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EnLink Midstream LLC engages in the gathering, transmission, processing, and marketing of natural gas and natural gas liquids, condensate and crude oil, as well as providing crude oil, condensate, and brine services to producers. It operates through the following segments: Texas, Oklahoma, Lousiana, Crude and Condensate, and Corporate.