EnLink Midstream Stock Forecast, Price & News

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for EnLink Midstream in the last year. There are currently 2 sell ratings, 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research 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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7 Wall Street analysts have issued 12-month price targets for EnLink Midstream's shares. Their ENLC stock forecasts range from $7.00 to $13.00. On average, they expect EnLink Midstream's share price to reach $10.17 in the next year. This suggests a possible upside of 22.6% from the stock's current price.
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EnLink Midstream's stock was trading at $6.89 at the beginning of 2022. Since then, ENLC stock has increased by 20.3% and is now trading at $8.29.
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EnLink Midstream is scheduled to release its next quarterly earnings announcement on Tuesday, August 2nd 2022.
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EnLink Midstream, LLC (NYSE:ENLC) announced its quarterly earnings data on Tuesday, May, 3rd. The pipeline company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.05 by $0.02. The pipeline company had revenue of $2.23 billion for the quarter, compared to analysts' expectations of $1.72 billion. EnLink Midstream had a net margin of 0.92% and a trailing twelve-month return on equity of 2.33%.
View EnLink Midstream's earnings history.

EnLink Midstream declared a quarterly dividend on Tuesday, April 19th. Shareholders of record on Friday, April 29th will be paid a dividend of $0.112 per share on Friday, May 13th. This represents a $0.45 dividend on an annualized basis and a yield of 5.40%. The ex-dividend date is Thursday, April 28th.
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EnLink Midstream(NYSE:ENLC) pays an annual dividend of $0.45 per share and currently has a dividend yield of 5.10%. 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 321.43%. 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 91.84% in the coming year. This indicates that EnLink Midstream may not be able to sustain their current dividend.
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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), DT Midstream (DTM), Kinetik (KNTK), Antero Midstream (AM), Equitrans Midstream (ETRN), Rattler Midstream (RTLR), USA Compression Partners (USAC), Archrock (AROC), Transportadora de Gas del Sur (TGS), Altus Midstream (ALTM), NGL Energy Partners (NGL) 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), 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 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 $8.29.

EnLink Midstream (NYSE:ENLC) has a market capitalization of $4.01 billion and generates $6.69 billion in revenue each year. The pipeline company earns $22.40 million in net income (profit) each year or $0.14 on an earnings per share basis.

EnLink Midstream employs 1,073 workers across the globe.

EnLink Midstream's mailing address is 1722 ROUTH STREET SUITE 1300, DALLAS TX, 75201. The official website for EnLink Midstream 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.