EnLink Midstream (ENLC) Stock Forecast, Price & News

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for EnLink Midstream in the last twelve months. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" ENLC shares.
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5 brokerages have issued 12-month price objectives for EnLink Midstream's stock. Their ENLC share price forecasts range from $13.00 to $17.00. On average, they predict the company's stock price to reach $14.60 in the next twelve months. This suggests a possible upside of 41.6% 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 on January 1st, 2023. Since then, ENLC stock has decreased by 16.2% and is now trading at $10.31.
View the best growth stocks for 2023 here.

EnLink Midstream saw a decline in short interest in April. As of April 30th, there was short interest totaling 12,250,000 shares, a decline of 10.9% from the April 15th total of 13,750,000 shares. Based on an average daily volume of 2,290,000 shares, the short-interest ratio is presently 5.3 days. Currently, 5.1% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
View our ENLC earnings forecast.

EnLink Midstream, LLC (NYSE:ENLC) released its quarterly earnings data on Tuesday, May, 2nd. The pipeline company reported $0.12 earnings per share for the quarter, meeting the consensus estimate of $0.12. The pipeline company earned $1.77 billion during the quarter, compared to analysts' expectations of $2.17 billion. EnLink Midstream had a trailing twelve-month return on equity of 13.48% and a net margin of 4.23%.

EnLink Midstream announced a quarterly dividend on Tuesday, April 18th. Investors of record on Friday, April 28th will be given a dividend of $0.125 per share on Friday, May 12th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.85%. The ex-dividend date is Thursday, April 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), Alerian Energy Infrastructure ETF (ENFR), USCF Midstream Energy Income Fund (UMI), Global X MLP ETF (MLPA), VanEck Energy Income ETF (EINC), Pacer American Energy Independence ETF (USAI) and Global X MLP & Energy Infrastructure ETF (MLPX).

EnLink Midstream (NYSE:ENLC) pays an annual dividend of $0.50 per share and currently has a dividend yield of 4.85%. 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 63.29%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ENLC will have a dividend payout ratio of 72.46% next year. This indicates that the company will be able to sustain or increase its 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 variety of retail and institutional investors. Top institutional investors include Tortoise Capital Advisors L.L.C. (3.26%), Chickasaw Capital Management LLC (3.21%), Dimensional Fund Advisors LP (1.57%), Jennison Associates LLC (1.56%), JPMorgan Chase & Co. (1.36%) and Mirae Asset Global Investments Co. Ltd. (1.28%). Insiders that own company stock include Benjamin D Lamb, Egypt Holdings Lp Wsip, Goldman Sachs Group Inc 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 $10.31.

EnLink Midstream (NYSE:ENLC) has a market capitalization of $4.80 billion and generates $9.54 billion in revenue each year. The pipeline company earns $361.30 million in net income (profit) each year or $0.79 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.