Shares now down at $16.00 (ENLC) EnLink Midstream to Participate in…


EnLink Midstream, LLC Common Un (NYSE:ENLC):

EnLink Midstream to Participate in Investor Conferences.

The company is now down from yesterday’s close of 16.3.

Additionally EnLink Midstream, LLC Common Un recently announced a dividend for shareholders to be paid on Tuesday November 14th, 2017. The dividend payment will be $0.255 per share for the quarter or $1.02 annualized. The dividend yield will be $6.28. The ex-dividend date has been established as Friday the 28th of July 2017.

EnLink Midstream, LLC, launched on October 16, 2013, is an integrated midstream company. The Business’s assets consist of equity interests in EnLink Midstream Partners, LP (the Partnership) and EnLink Oklahoma Gas Processing, LP (EnLink Oklahoma T.O.). The Partnership is involved 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. EnLink Oklahoma T.O., a partnership owned by the Partnership and the Company, is involved in the gathering and processing of natural gas. The Partnership’s segments include Texas, Oklahoma, Louisiana, Crude and Condensate, and Corporate..

Shares last traded at $16.00 which is just under the 50 day moving average which is $17.15 and slightly below the 200 day moving average of $17.42. The 50 day moving average went down $-1.15 or -6.71% whereas the 200 day average was down by -8.16%.

The company currently has a P/E ratio of 4000.00 and the market value is 2.89B.

Investors are feeling more bullish on shares of EnLink Midstream, LLC Common Un if you take note of the change in short interest. The firm experienced a fall in short interest from September 15, 2017 to September 29, 2017 of -5.59%. Short shares fell 338,271 over that timeframe. Days to cover increased 5.0 to 17.0 and the percentage of shorted shares was 0.03% on September 29.

Ratings analysts have released ratings on the stock recently. On July 12 the company was set at “Hold” according to a Jefferies report which is up from the previous “Hold” rating. On October 10 analysts at Seaport Global began coverage setting a rating of “Neutral”.