S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
North Carolina medical marijuana sales begin at Cherokee store
Biden sees a $35 price cap for insulin as a pivotal campaign issue. It’s not that clear-cut
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Hawaii lawmakers take aim at vacation rentals after Lahaina wildfire amplifies Maui housing crisis
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'Civil War’ continues box-office campaign at No. 1
New York lawmakers pass $237 billion budget with policies to jump-start housing market
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
North Carolina medical marijuana sales begin at Cherokee store
Biden sees a $35 price cap for insulin as a pivotal campaign issue. It’s not that clear-cut
Ukrainian and Western leaders laud US aid package while the Kremlin warns of 'further ruin'
Hawaii lawmakers take aim at vacation rentals after Lahaina wildfire amplifies Maui housing crisis
Autoworkers union celebrates breakthrough win in Tennessee and takes aim at more plants in the South
'Civil War’ continues box-office campaign at No. 1
New York lawmakers pass $237 billion budget with policies to jump-start housing market
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
North Carolina medical marijuana sales begin at Cherokee store
Biden sees a $35 price cap for insulin as a pivotal campaign issue. It’s not that clear-cut
Ukrainian and Western leaders laud US aid package while the Kremlin warns of 'further ruin'
Hawaii lawmakers take aim at vacation rentals after Lahaina wildfire amplifies Maui housing crisis
Autoworkers union celebrates breakthrough win in Tennessee and takes aim at more plants in the South
'Civil War’ continues box-office campaign at No. 1
New York lawmakers pass $237 billion budget with policies to jump-start housing market
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
North Carolina medical marijuana sales begin at Cherokee store
Biden sees a $35 price cap for insulin as a pivotal campaign issue. It’s not that clear-cut
Ukrainian and Western leaders laud US aid package while the Kremlin warns of 'further ruin'
Hawaii lawmakers take aim at vacation rentals after Lahaina wildfire amplifies Maui housing crisis
Autoworkers union celebrates breakthrough win in Tennessee and takes aim at more plants in the South
'Civil War’ continues box-office campaign at No. 1
New York lawmakers pass $237 billion budget with policies to jump-start housing market
NYSE:ENLC

EnLink Midstream (ENLC) Stock Price, News & Analysis

$13.59
+0.11 (+0.82%)
(As of 04/19/2024 ET)
Today's Range
$13.22
$13.73
50-Day Range
$11.81
$13.95
52-Week Range
$8.45
$14.18
Volume
1.70 million shs
Average Volume
1.68 million shs
Market Capitalization
$6.16 billion
P/E Ratio
30.89
Dividend Yield
3.90%
Price Target
$14.63

EnLink Midstream MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
7.6% Upside
$14.63 Price Target
Short Interest
Bearish
5.16% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.93mentions of EnLink Midstream in the last 14 days
Based on 10 Articles This Week
Insider Trading
Selling Shares
$3.64 M Sold Last Quarter
Proj. Earnings Growth
25.00%
From $0.60 to $0.75 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.37 out of 5 stars

Oils/Energy Sector

166th out of 236 stocks

Natural Gas Transmission Industry

13th out of 19 stocks

ENLC stock logo

About EnLink Midstream Stock (NYSE:ENLC)

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. In addition, the company's midstream energy asset network includes natural gas processing plants; fractionators; barge and rail terminals; product storage facilities; and brine disposal wells. EnLink Midstream, LLC was incorporated in 2013 and is based in Dallas, Texas.

ENLC Stock Price History

ENLC Stock News Headlines

“More countries ditch the US dollar”
Since March 2018, China started purchasing oil in gold-backed yuan. By December 2022, Foreign Minister Wang Yi stated that Chinese-Arab relations experienced a "historic improvement." after arab nations ditched the dollar to trade with China. On June 6, 2023 China told its banks to slash interest rates on US dollars.
EnLink Midstream (NYSE:ENLC) Upgraded to "Buy" by StockNews.com
EnLink Midstream Poised for Growth and High Returns: A Buy Rating
“More countries ditch the US dollar”
Since March 2018, China started purchasing oil in gold-backed yuan. By December 2022, Foreign Minister Wang Yi stated that Chinese-Arab relations experienced a "historic improvement." after arab nations ditched the dollar to trade with China. On June 6, 2023 China told its banks to slash interest rates on US dollars.
ENLC Jun 2024 11.000 put
ENLC Jan 2026 3.000 put
EnLink Midstream: Bullish Thesis Still Intact
EnLink Midstream Full Year 2023 Earnings: Misses Expectations
EnLink Midstream Files 2023 Annual Report
See More Headlines
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Company Calendar

Ex-Dividend for 2/9 Dividend
1/26/2024
Dividend Payable
2/09/2024
Last Earnings
2/20/2024
Today
4/21/2024
Ex-Dividend for 5/14 Dividend
4/25/2024
Next Earnings (Confirmed)
4/30/2024
Dividend Payable
5/14/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Natural gas transmission
Sub-Industry
N/A
Employees
1,072
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$14.63
High Stock Price Target
$17.00
Low Stock Price Target
$12.00
Potential Upside/Downside
+7.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
6 Analysts

Profitability

Net Income
$206.20 million
Pretax Margin
5.98%

Debt

Sales & Book Value

Annual Sales
$6.90 billion
Cash Flow
$1.98 per share
Book Value
$5.83 per share

Miscellaneous

Free Float
449,370,000
Market Cap
$6.16 billion
Optionable
Optionable
Beta
2.39
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Key Executives

  • Mr. Jesse Arenivas (Age 50)
    CEO & Director of Enlink Midstream Manager LLC
    Comp: $1.96M
  • Mr. Benjamin D. LambMr. Benjamin D. Lamb (Age 44)
    Executive VP & CFO of EnLink Midstream Manager, LLC
    Comp: $1.9M
  • Mr. Walter Pinto (Age 62)
    Executive VP & COO of EnLink Midstream Manager, LLC
    Comp: $1.32M
  • Mr. Adam S. Forman (Age 55)
    Executive VP, General Counsel & Secretary
    Comp: $834.82k
  • Mr. Dilanka Seimon
    Executive VP & Chief Commercial Officer
  • Mr. Jan Philipp Rossbach (Age 42)
    VP & Chief Accounting Officer
  • Mr. Brian Joseph Brungardt Jr.
    C.F.A., Director of Investor Relations
  • Ms. Jill McMillan-Melott
    Vice President of Strategic Relations & Public Affairs
  • Mr. Justin Griffin
    Senior Vice President of Business & Corporate Development
  • Ms. Rhonda L. Price
    Senior Vice President of Human Resources - Enlink Midstream Manager LLC

ENLC Stock Analysis - Frequently Asked Questions

Should I buy or sell EnLink Midstream stock right now?

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for EnLink Midstream in the last twelve months. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" ENLC shares.
View ENLC analyst ratings
or view top-rated stocks.

What is EnLink Midstream's stock price target for 2024?

6 Wall Street research analysts have issued twelve-month target prices for EnLink Midstream's shares. Their ENLC share price targets range from $12.00 to $17.00. On average, they expect the company's share price to reach $14.63 in the next twelve months. This suggests a possible upside of 7.6% from the stock's current price.
View analysts price targets for ENLC
or view top-rated stocks among Wall Street analysts.

How have ENLC shares performed in 2024?

EnLink Midstream's stock was trading at $12.16 at the beginning of the year. Since then, ENLC shares have increased by 11.8% and is now trading at $13.59.
View the best growth stocks for 2024 here
.

When is EnLink Midstream's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 30th 2024.
View our ENLC earnings forecast
.

How can I listen to EnLink Midstream's earnings call?

EnLink Midstream will be holding an earnings conference call on Wednesday, May 1st at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were EnLink Midstream's earnings last quarter?

EnLink Midstream, LLC (NYSE:ENLC) released 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. The pipeline company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.82 billion. EnLink Midstream had a net margin of 2.99% and a trailing twelve-month return on equity of 8.12%.

How often does EnLink Midstream pay dividends? What is the dividend yield for EnLink Midstream?

EnLink Midstream declared a quarterly dividend on Thursday, April 11th. Shareholders of record on Friday, April 26th will be paid a dividend of $0.132 per share on Tuesday, May 14th. This represents a $0.53 annualized dividend and a dividend yield of 3.89%. The ex-dividend date of this dividend is Thursday, April 25th.
Read our dividend analysis for ENLC
.

Is EnLink Midstream a good dividend stock?

EnLink Midstream (NYSE:ENLC) pays an annual dividend of $0.53 per share and currently has a dividend yield of 3.90%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 120.46%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, ENLC will have a dividend payout ratio of 70.67% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ENLC.

What is Barry Davis' approval rating as EnLink Midstream's CEO?

18 employees have rated EnLink Midstream Chief Executive Officer Barry Davis on Glassdoor.com. Barry Davis has an approval rating of 43% among the company's employees. This puts Barry Davis in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of EnLink Midstream own?
Who are EnLink Midstream's major shareholders?

EnLink Midstream's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Chickasaw Capital Management LLC (3.05%), Miller Howard Investments Inc. NY (0.48%), Hennessy Advisors Inc. (0.47%), Maryland State Retirement & Pension System (0.04%), Hodges Capital Management Inc. (0.04%) and First Dallas Securities Inc. (0.03%). Insiders that own company stock include Alaina K Brooks, Benjamin D Lamb, Egypt Holdings Lp Wsip, Goldman Sachs Group Inc, Jan Philipp Rossbach and Kyle D Vann.
View institutional ownership trends
.

How do I buy shares of EnLink Midstream?

Shares of ENLC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:ENLC) was last updated on 4/21/2024 by MarketBeat.com Staff

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