EnLink Midstream (ENLC) to Release Quarterly Earnings on Tuesday

EnLink Midstream (NYSE:ENLC - Get Free Report) is scheduled to be announcing its earnings results after the market closes on Tuesday, April 30th. Analysts expect the company to announce earnings of $0.14 per share for the quarter. Investors interested in registering for the company's conference call can do so using this link.

EnLink Midstream (NYSE:ENLC - Get Free Report) last announced its quarterly earnings data on Tuesday, February 20th. The pipeline company reported $0.14 earnings per share for the quarter, meeting analysts' consensus estimates of $0.14. EnLink Midstream had a net margin of 2.99% and a return on equity of 8.12%. The business had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.82 billion. On average, analysts expect EnLink Midstream to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

EnLink Midstream Stock Performance

NYSE ENLC traded down $0.04 during trading hours on Tuesday, reaching $13.61. The company's stock had a trading volume of 1,167,065 shares, compared to its average volume of 1,933,596. The stock has a market cap of $6.17 billion, a PE ratio of 30.93 and a beta of 2.39. The business has a 50-day simple moving average of $13.04 and a 200 day simple moving average of $12.65. EnLink Midstream has a 52 week low of $8.45 and a 52 week high of $14.18. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.70.

EnLink Midstream Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 14th. Investors of record on Friday, April 26th will be given a dividend of $0.132 per share. The ex-dividend date of this dividend is Thursday, April 25th. This represents a $0.53 dividend on an annualized basis and a yield of 3.88%. EnLink Midstream's dividend payout ratio is currently 120.46%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on ENLC shares. Citigroup boosted their target price on shares of EnLink Midstream from $13.00 to $16.00 and gave the company a "buy" rating in a research note on Tuesday, April 16th. JPMorgan Chase & Co. lowered their target price on EnLink Midstream from $15.00 to $14.00 and set a "neutral" rating on the stock in a research report on Thursday, February 29th. UBS Group boosted their price target on EnLink Midstream from $14.00 to $15.00 and gave the stock a "buy" rating in a research report on Thursday, January 18th. StockNews.com raised EnLink Midstream from a "hold" rating to a "buy" rating in a report on Friday. Finally, Capital One Financial initiated coverage on shares of EnLink Midstream in a report on Friday, March 22nd. They issued an "overweight" rating and a $15.00 price objective for the company. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $14.63.

Insider Activity at EnLink Midstream

In related news, CFO Benjamin D. Lamb sold 250,552 shares of the business's stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $12.08, for a total value of $3,026,668.16. Following the sale, the chief financial officer now directly owns 534,000 shares in the company, valued at approximately $6,450,720. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CAO Jan Philipp Rossbach sold 50,000 shares of the company's stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $12.32, for a total transaction of $616,000.00. Following the completion of the sale, the chief accounting officer now directly owns 58,410 shares of the company's stock, valued at $719,611.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Benjamin D. Lamb sold 250,552 shares of EnLink Midstream stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $12.08, for a total value of $3,026,668.16. Following the completion of the transaction, the chief financial officer now directly owns 534,000 shares in the company, valued at approximately $6,450,720. The disclosure for this sale can be found here. Company insiders own 0.84% of the company's stock.

EnLink Midstream Company Profile

EnLink Midstream, LLC provides midstream energy services in the United States. The company operates through Permian, Louisiana, Oklahoma, North Texas, and Corporate segments. It is involved in gathering, compressing, treating, processing, transporting, storing, and selling natural gas; fractionating, transporting, storing, and selling natural gas liquids; and gathering, transporting, stabilizing, storing, trans-loading, and selling crude oil and condensate, as well as providing brine disposal services.