.png "EnLink Midstream Partners (NYSE: ENLK)")
In a report released today, Ethan Bellamy from Robert W. Baird reiterated a Hold rating on EnLink Midstream Partners (NYSE: ENLK), with a price target of $18. The company’s shares opened today at $17.77, close to its 52-week high of $18.58.
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 Partners is a Moderate Buy with an average price target of $17.60, which is a -1.0% downside from current levels. In a report issued on August 1, B.Riley FBR also assigned a Hold rating to the stock with a $17 price target.
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Based on EnLink Midstream Partners’ latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $58.9 million. In comparison, last year the company had a GAAP net loss of $500K.
Based on the recent corporate insider activity of 57 insiders, corporate insider sentiment is negative on the stock.
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EnLink Midstream Partners LP provides integrated midstream services across natural gas, crude oil, condensate, and NGL commodities. It focuses on gathering, transmission, processing, fractionation, storage, condensate stabilization, brine services and marketing, to producers of natural gas, NGLs, crude oil and condensate.
