In a report released yesterday, Elvira Scotto from RBC Capital maintained a Hold rating on EnLink Midstream (ENLC – Research Report), with a price target of $14.00. The company’s shares closed yesterday at $13.65.
Scotto covers the Energy sector, focusing on stocks such as Archrock, Cheniere Energy, and Cheniere Energy Partners. According to TipRanks, Scotto has an average return of 18.0% and a 64.42% success rate on recommended stocks.
In addition to RBC Capital, EnLink Midstream also received a Hold from Mizuho Securities’s Gabe Moreen in a report issued on April 17. However, on April 15, Citi reiterated a Buy rating on EnLink Midstream (NYSE: ENLC).
ENLC market cap is currently $6.16B and has a P/E ratio of 30.71.
Based on the recent corporate insider activity of 22 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ENLC in relation to earlier this year.
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 (ENLC) Company Description:
EnLink Midstream LLC engages in transmission, processing and marketing of natural gas and crude oil. It operates through the following segments: Permian, North Texas, Oklahoma, Louisiana and Corporate. The Permian segment includes natural gas gathering, processing, and transmission activities and crude oil operations in the Midland and Delaware Basins in West Texas and Eastern New Mexico and crude operations in South Texas. The North Texas segment includes natural gas gathering, processing, and transmission activities in North Texas. The Oklahoma segment includes natural gas gathering, processing, and transmission activities, and crude oil operations in the Cana-Woodford, Arkoma-Woodford, northern Oklahoma Woodford, STACK, and CNOW shale areas. The Louisiana segment includes natural gas pipelines, natural gas processing plants, storage facilities, fractionation facilities, and NGL assets located in Louisiana and crude oil operations in ORV. The Corporate segment includes investments in the Cedar Cove JV in Oklahoma, ownership interest in GCF in South Texas, derivative activity and general corporate assets and expenses. The company was founded in October 2013 and is headquartered in Dallas, TX.
Read More on ENLC:
