EnLink Midstream (ENLC) Stock Forecast, Price & News

6 Wall Street 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 analysts is that investors should "moderate buy" ENLC shares.
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6 brokers have issued twelve-month target prices for EnLink Midstream's shares. Their ENLC share price forecasts range from $12.00 to $17.00. On average, they anticipate the company's stock price to reach $13.89 in the next twelve months. This suggests a possible upside of 11.8% from the stock's current price.
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EnLink Midstream's stock was trading at $12.30 at the start of the year. Since then, ENLC shares have increased by 1.0% and is now trading at $12.42.
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EnLink Midstream saw a drop in short interest in the month of August. As of August 31st, there was short interest totaling 13,130,000 shares, a drop of 7.9% from the August 15th total of 14,250,000 shares. Based on an average trading volume of 2,440,000 shares, the days-to-cover ratio is currently 5.4 days. Currently, 5.7% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 7th 2023.
View our ENLC earnings forecast.

EnLink Midstream, LLC (NYSE:ENLC) issued its quarterly earnings data on Tuesday, August, 1st. The pipeline company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.01. The pipeline company had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.91 billion. EnLink Midstream had a trailing twelve-month return on equity of 12.55% and a net margin of 4.41%.

EnLink Midstream announced a quarterly dividend on Tuesday, July 18th. Stockholders of record on Friday, July 28th will be given a dividend of $0.125 per share on Friday, August 11th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.03%. The ex-dividend date of this dividend is Thursday, July 27th.
Read our dividend analysis for ENLC.

ETFs with the largest weight of EnLink Midstream (NYSE:ENLC) stock in their portfolio include InfraCap MLP ETF (AMZA), Alerian MLP ETF (AMLP), Global X MLP ETF (MLPA), USCF Midstream Energy Income Fund (UMI), Pacer American Energy Independence ETF (USAI), Alerian Energy Infrastructure ETF (ENFR), Global X MLP & Energy Infrastructure ETF (MLPX) and VanEck Energy Income ETF (EINC).

EnLink Midstream (NYSE:ENLC) pays an annual dividend of $0.50 per share and currently has a dividend yield of 4.06%. ENLC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. 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 67.57%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, ENLC will have a dividend payout ratio of 83.33% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for ENLC.

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.

Based on aggregate information from My MarketBeat watchlists, some companies that other EnLink Midstream investors own include Golar LNG Partners (GMLP), Washington Prime Group (WPG), Gran Tierra Energy (GTE), Pennsylvania Real Estate Investment Trust (PEI), DHT (DHT), New Residential Investment (NRZ), CNBX Pharmaceuticals (CNBX), ADMA Biologics (ADMA), CBL & Associates Properties (CBL) and Matinas BioPharma (MTNB).

EnLink Midstream trades on the New York Stock Exchange (NYSE) under the ticker symbol "ENLC."

EnLink Midstream's stock is owned by a number of retail and institutional investors. Top institutional investors include Goldman Sachs Group Inc. (3.69%), Chickasaw Capital Management LLC (3.19%), Mirae Asset Global Investments Co. Ltd. (1.57%), Dimensional Fund Advisors LP (1.41%), JPMorgan Chase & Co. (1.23%) and Westwood Holdings Group Inc. (0.77%). 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.
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Shares of ENLC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ENLC stock can currently be purchased for approximately $12.42.

EnLink Midstream (NYSE:ENLC) has a market capitalization of $5.73 billion and generates $9.54 billion in revenue each year. The pipeline company earns $361.30 million in net income (profit) each year or $0.74 on an earnings per share basis.

The company employs 1,132 workers across the globe.

EnLink Midstream's mailing address is 1722 ROUTH STREET SUITE 1300, DALLAS TX, 75201. The official website for the company is www.enlink.com. The pipeline company can be reached via phone at (214) 953-9500, via email at kate.walsh@enlink.com, or via fax at 214-953-9501.