In a report released today, Christine Cho from Barclays maintained a Hold rating on EnLink Midstream LLC (NYSE: ENLC), with a price target of $18. The company’s shares closed yesterday at $16.70.
According to TipRanks.com, Cho is a 2-star analyst with an average return of 0.3% and a 46.7% success rate. Cho covers the Basic Materials sector, focusing on stocks such as Cheniere Energy Partners LP Holdings LLC, Enterprise Products Partners LP, and Cheniere Energy Partners LP.
Currently, the analyst consensus on EnLink Midstream LLC is a Hold with an average price target of $17.80.
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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 58 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.
