Barclays (LON:BARC) analyst Christine Cho CFA maintained a Sell rating on EnLink Midstream (NYSE:ENLC) LLC on Thursday, setting a price target of $2, which is approximately 24.81% below the present share price of $2.66.
Cho CFA expects EnLink Midstream LLC to post earnings per share (EPS) of $0.01 for the fourth quarter of 2020.
The current consensus among 5 TipRanks analysts is for a Moderate Sell rating of shares in EnLink Midstream, with an average price target of $2.6.
The analysts price targets range from a high of $5 to a low of $1.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $767.3 million and a net profit of $99.8 million. The company's market cap is $1.31 billion.
According to TipRanks.com, Barclays analyst Christine Cho CFA is currently ranked with 1 stars on a 0-5 stars ranking scale, with an average return of -2.4% and a 48.61% success rate.
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.