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NYSE:ENLC

EnLink Midstream (ENLC) Stock Forecast, Price & News

$12.42
-0.07 (-0.56%)
(As of 04:00 PM ET)
Compare
Today's Range
$12.31
$12.57
50-Day Range
$11.26
$12.74
52-Week Range
$8.45
$13.58
Volume
2.10 million shs
Average Volume
2.47 million shs
Market Capitalization
$5.73 billion
P/E Ratio
16.78
Dividend Yield
4.03%
Price Target
$13.89

EnLink Midstream MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
11.9% Upside
$13.89 Price Target
Short Interest
Bearish
5.84% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.85mentions of EnLink Midstream in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$2.49 M Sold Last Quarter
Proj. Earnings Growth
22.45%
From $0.49 to $0.60 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.27 out of 5 stars

Oils/Energy Sector

113th out of 245 stocks

Natural Gas Transmission Industry

9th out of 19 stocks


ENLC stock logo

About EnLink Midstream (NYSE:ENLC) Stock

EnLink Midstream, LLC provides midstream energy services in the United States. It operates through five segments: Permian, Louisiana, Oklahoma, North Texas, and Corporate. The company 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. Its midstream energy asset network includes natural gas processing plants; fractionators; barge and rail terminals; product storage facilities; brine disposal wells; and a crude oil trucking fleet. The company was incorporated in 2013 and is based in Dallas, Texas.

ENLC Price History

ENLC Stock News Headlines

U.S. drive to onshore battery supply chains could create big winners in lithium
Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons
U.S. drive to onshore battery supply chains could create big winners in lithium
Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons
EnLink Midstream (ENLC) Receives a New Rating from a Top Analyst
EnLink Midstream Names Chief Commercial Officer
EnLink Midstream (ENLC) Receives a Rating Update from a Top Analyst
EnLink Midstream Reports Second Quarter 2023 Results
A Preview Of EnLink Midstream's Earnings
Analyst Expectations for EnLink Midstream's Future
See More Headlines
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ENLC Company Calendar

Ex-Dividend for 8/11 Dividend
7/27/2023
Last Earnings
8/01/2023
Dividend Payable
8/11/2023
Today
9/28/2023
Next Earnings (Estimated)
11/07/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Natural gas transmission
Sub-Industry
N/A
Employees
1,132
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$13.89
High Stock Price Forecast
$17.00
Low Stock Price Forecast
$12.00
Forecasted Upside/Downside
+11.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
6 Analysts

Profitability

Net Income
$361.30 million
Pretax Margin
5.34%

Debt

Sales & Book Value

Annual Sales
$9.54 billion
Cash Flow
$2.18 per share
Book Value
$6.21 per share

Miscellaneous

Free Float
457,621,000
Market Cap
$5.73 billion
Optionable
Optionable
Beta
2.53
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Key Executives

  • Mr. Jesse Arenivas (Age 49)
    CEO & Director of Enlink Midstream Mang. LLC
    Comp: $2.5M
  • Mr. Benjamin D. LambMr. Benjamin D. Lamb (Age 43)
    Exec. VP & CFO of EnLink Midstream Mang., LLC
    Comp: $1.92M
  • Mr. Walter Pinto (Age 61)
    Exec. VP & COO of EnLink Midstream Mang., LLC
    Comp: $900.49k
  • Mr. Jan Philipp Rossbach (Age 41)
    VP & Chief Accounting Officer
  • Mr. Brian Joseph Brungardt Jr.
    C.F.A., Director of Investor Relations
  • Ms. Jill McMillan-Melott
    VP of Strategic Relations & Public Affairs
  • Mr. Justin Griffin
    Sr. VP of Bus. & Corp. Devel.
  • Ms. Rhonda L. Price
    Sr. VP of HR - Enlink Midstream Mang. LLC
  • Mr. Michael S. Burdett
    Sr. VP of Texas
  • Mr. Christopher H. Tennant
    Sr. VP of Louisiana













ENLC Stock - Frequently Asked Questions

Should I buy or sell EnLink Midstream stock right now?

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.
View ENLC analyst ratings
or view top-rated stocks.

What is EnLink Midstream's stock price forecast for 2023?

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.
View analysts price targets for ENLC
or view top-rated stocks among Wall Street analysts.

How have ENLC shares performed in 2023?

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.
View the best growth stocks for 2023 here
.

Are investors shorting EnLink Midstream?

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.
View EnLink Midstream's Short Interest
.

When is EnLink Midstream's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 7th 2023.
View our ENLC earnings forecast
.

How were EnLink Midstream's earnings last quarter?

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%.

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

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
.

Is EnLink Midstream a good dividend stock?

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.

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?
What is EnLink Midstream's stock symbol?

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

Who are EnLink Midstream's major shareholders?

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.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is EnLink Midstream's stock price today?

One share of ENLC stock can currently be purchased for approximately $12.42.

How much money does EnLink Midstream make?

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.

How many employees does EnLink Midstream have?

The company employs 1,132 workers across the globe.

How can I contact EnLink Midstream?

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.

This page (NYSE:ENLC) was last updated on 9/28/2023 by MarketBeat.com Staff

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