EnLink Midstream, LLC Analyst Rating Update

On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, The officer (Senior Vice President), of Enlink Midstream, Llc, Golemon Stan had unloaded 33,431 shares at $32.35 per share in a transaction on June 8, 2015.

Several equities analysts have weighed in on DM shares. The daily volume was measured at 320,659 shares. The current rating of the shares is Market Perform. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company had revenue of $148.78 million for the quarter, compared to analysts expectations of $151.43 million.

Rice Midstream Partners LP (NYSE:RMP): The mean short term price target for Rice Midstream Partners LP (NYSE:RMP) has been established at $22 per share. Zacks Investment Research raised shares of EnLink Midstream Partners from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a report on Thursday, January 14th. It is engaged in developing the Twin Metals Minnesota (TMM) copper-nickel-cobalt-platinum-palladium-gold-silver project and is exploring for similar deposits in North-eastern Minnesota, the United States. The higher price target estimate is at $25 and the lower price target estimate is expected at $17 according to 7 Analyst. During the same period in the previous year, the business posted $0.18 earnings per share. Hollencrest Securities now owns 23,485 shares of the company’s stock valued at $1,595,000 after buying an additional 6,255 shares during the last quarter. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Year-to-Date the stock performance stands at -22.54%. The disclosure for this purchase can be found here. Cove Point’s operations consist of LNG import and storage services at the Cove Point LNG Facility, and the transportation of domestic natural gas and regasified LNG to Mid-Atlantic markets via the Cove Point Pipeline. Its Transmission segment transports and delivers natural gas from producing wells, receipt points, or pipeline interconnects for shippers and other customers, which include local distribution companies, utilities and industrial, commercial, and power generation customers. The Terminals segment provides above-ground storage services at the Company’s marine terminals that support commodity brokers, refiners and chemical manufacturers, to store a range of products, including petroleum products, distillates, chemicals and agricultural products.

It owns and operates 12 gathering systems, 5 processing facilities, 3 fractionation facilities, 3 interstate pipelines, 5 intrastate pipelines, and 4 marine terminal sites.

01/11/2016 – American Midstream Partners, LP was downgraded to “equal-weight” by analysts at Barclays.