EnLink Midstream (ENLC) Stock Forecast, Price & News

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

6 equities research analysts have issued 1 year price objectives for EnLink Midstream's stock. Their ENLC share price forecasts range from $12.00 to $17.00. On average, they predict the company's share price to reach $13.89 in the next twelve months. This suggests a possible upside of 13.7% from the stock's current price.
View analysts price targets for ENLC or view top-rated stocks among Wall Street analysts.

EnLink Midstream's stock was trading at $12.30 at the beginning of 2023. Since then, ENLC shares have decreased by 0.7% and is now trading at $12.22.
View the best growth stocks for 2023 here.

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 daily volume of 2,440,000 shares, the short-interest ratio is presently 5.4 days. Currently, 5.7% of the shares of the stock are short sold.
View EnLink Midstream's Short Interest.

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) released its quarterly earnings results on Tuesday, August, 1st. The pipeline company reported $0.12 EPS for the quarter, beating analysts' consensus estimates of $0.11 by $0.01. The pipeline company had revenue of $1.53 billion for the quarter, compared to analyst estimates 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 paid a dividend of $0.125 per share on Friday, August 11th. This represents a $0.50 dividend on an annualized basis and a yield of 4.09%. The ex-dividend date 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 4.09%. 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."

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.

One share of ENLC stock can currently be purchased for approximately $12.22.

EnLink Midstream (NYSE:ENLC) has a market capitalization of $5.64 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.