Today, the EVP, CL&AO, & Secretary of EnLink Midstream LLC (NYSE: ENLC), Alaina Brooks, sold shares of ENLC for $841K.
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Based on EnLink Midstream LLC’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $1.78 billion and 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. ENLC’s market cap is $3.1B and the company has a P/E ratio of 12.57. Currently, EnLink Midstream LLC has an average volume of 397.9K.
Six different firms, including Merrill Lynch and Credit Suisse, currently also have a Sell rating on the stock. Based on 5 analyst ratings, the analyst consensus is Hold with an average price target of $17.40, reflecting a -2.6% downside.
The insider sentiment on EnLink Midstream LLC has been negative according to 58 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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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.
