.png "EnLink Midstream LLC (NYSE: ENLC)")
In a report released today, Ethan Bellamy from Robert W. Baird reiterated a Hold rating on EnLink Midstream LLC (NYSE: ENLC), with a price target of $18. The company’s shares opened today at $17.20.
According to TipRanks.com, Bellamy is a 3-star analyst with an average return of 2.9% and a 61.3% success rate. Bellamy covers the Basic Materials sector, focusing on stocks such as Energy Transfer Partners LP, Noble Midstream Partners LP, and CNX Midstream Partners LP.
Currently, the analyst consensus on EnLink Midstream LLC is a Hold with an average price target of $17.40.
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Based on EnLink Midstream LLC’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $28 million. In comparison, last year the company earned revenue of $1.26 billion and had a net profit of $5.9 million.
Based on the recent corporate insider activity of 57 insiders, corporate insider sentiment is negative on the stock.
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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.
