.png "EnLink Midstream LLC (NYSE: ENLC)")
B.Riley FBR analyst Robert Balsamo reiterated a Hold rating on EnLink Midstream LLC (NYSE: ENLC) yesterday and set a price target of $18. The company’s shares closed yesterday at $18.25.
According to TipRanks.com, Balsamo is ranked 0 out of 5 stars with an average return of -7.0% and a 46.6% success rate. Balsamo covers the Basic Materials sector, focusing on stocks such as EnLink Midstream Partners, NuStar GP Holdings, and Sprague Resources.
EnLink Midstream LLC has an analyst consensus of Hold, with a price target consensus of $16.83.
See today’s analyst top recommended stocks >>
Based on EnLink Midstream LLC’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $12.4 million. In comparison, last year the company had a GAAP net loss of $1.9 million.
Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is negative on the stock.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
