EnLink Midstream Stock Forecast, Price & News

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for EnLink Midstream in the last twelve months. There are currently 2 sell ratings, 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" EnLink Midstream stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ENLC, but not buy additional shares or sell existing shares.
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Wall Street analysts have given EnLink Midstream a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but EnLink Midstream wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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EnLink Midstream saw a drop in short interest during the month of May. As of May 28th, there was short interest totaling 7,510,000 shares, a drop of 22.3% from the May 13th total of 9,670,000 shares. Based on an average daily volume of 2,120,000 shares, the days-to-cover ratio is presently 3.5 days. Currently, 3.0% of the shares of the stock are sold short.
View EnLink Midstream's Short Interest.

EnLink Midstream is scheduled to release its next quarterly earnings announcement on Tuesday, August 3rd 2021.
View our earnings forecast for EnLink Midstream.

EnLink Midstream, LLC (NYSE:ENLC) issued its earnings results on Tuesday, May, 4th. The pipeline company reported ($0.03) EPS for the quarter, missing the Zacks' consensus estimate of ($0.02) by $0.01. The pipeline company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $980.20 million. EnLink Midstream had a positive trailing twelve-month return on equity of 1.24% and a negative net margin of 3.70%.
View EnLink Midstream's earnings history.

EnLink Midstream's stock was trading at $1.96 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, ENLC shares have increased by 227.0% and is now trading at $6.41.
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EnLink Midstream announced a quarterly dividend on Tuesday, April 20th. Stockholders of record on Friday, April 30th will be paid a dividend of $0.0938 per share on Friday, May 14th. This represents a $0.38 annualized dividend and a yield of 5.85%. The ex-dividend date of this dividend is Thursday, April 29th.
View EnLink Midstream's dividend history.

EnLink Midstream pays an annual dividend of $0.38 per share and currently has a dividend yield of 6.08%. ENLC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. EnLink Midstream does not yet have a strong track record of dividend growth. The dividend payout ratio of EnLink Midstream is 152.00%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, EnLink Midstream will have a dividend payout ratio of 422.22% in the coming year. This indicates that EnLink Midstream may not be able to sustain their current dividend.
View EnLink Midstream's dividend history.

8 brokerages have issued 1 year price objectives for EnLink Midstream's stock. Their forecasts range from $2.50 to $7.50. On average, they anticipate EnLink Midstream's share price to reach $5.00 in the next twelve months. This suggests that the stock has a possible downside of 22.0%.
View analysts' price targets for EnLink Midstream or view top-rated stocks among Wall Street analysts.

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

Some companies that are related to EnLink Midstream include Targa Resources (TRGP), Western Midstream Partners (WES), DCP Midstream (DCP), Antero Midstream (AM), Enable Midstream Partners (ENBL), Equitrans Midstream (ETRN), Rattler Midstream (RTLR), USA Compression Partners (USAC), Archrock (AROC), Altus Midstream (ALTM), Transportadora de Gas del Sur (TGS) and Summit Midstream Partners (SMLP).
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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), Cannabics 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 Alps Advisors Inc. (7.18%), Chickasaw Capital Management LLC (4.10%), Dimensional Fund Advisors LP (1.81%), Mirae Asset Global Investments Co. Ltd. (1.40%), Morgan Stanley (1.16%) and JPMorgan Chase & Co. (0.96%). Company insiders that own EnLink Midstream stock include Barry E Davis and Kyle D Vann.
View institutional ownership trends for EnLink Midstream.

ENLC stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, Mirae Asset Global Investments Co. Ltd., Great West Life Assurance Co. Can, JPMorgan Chase & Co., Walnut Private Equity Partners LLC, Tortoise Capital Advisors L.L.C., Cushing Asset Management LP, and Renaissance Technologies LLC.
View insider buying and selling activity for EnLink Midstream or view top insider-selling stocks.

ENLC stock was acquired by a variety of institutional investors in the last quarter, including Alps Advisors Inc., Chickasaw Capital Management LLC, Dimensional Fund Advisors LP, RR Advisors LLC, BlackRock Inc., Point72 Asset Management L.P., Bank of Montreal Can, and Barclays PLC. Company insiders that have bought EnLink Midstream stock in the last two years include Barry E Davis, and Kyle D Vann.
View insider buying and selling activity for EnLink Midstream or or view top insider-buying stocks.

Shares of ENLC 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 $6.41.

EnLink Midstream has a market capitalization of $3.14 billion and generates $3.89 billion in revenue each year. The pipeline company earns $-421,500,000.00 in net income (profit) each year or $0.25 on an earnings per share basis.

EnLink Midstream employs 1,069 workers across the globe.

The official website for EnLink Midstream is www.enlink.com.

EnLink Midstream is headquartered at 1722 ROUTH STREET SUITE 1300, DALLAS TX, 75201.

EnLink Midstream's mailing address is 1722 ROUTH STREET SUITE 1300, DALLAS TX, 75201. The pipeline company can be reached via phone at 214-953-9500 or via email at [email protected]