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NYSE:ENLC

EnLink Midstream - ENLC Stock Forecast, Price & News

$9.56
-0.31 (-3.14%)
(As of 08/15/2022 11:03 AM ET)
Add
Compare
Today's Range
$9.34
$9.66
50-Day Range
$8.00
$11.73
52-Week Range
$4.78
$11.85
Volume
51,195 shs
Average Volume
2.61 million shs
Market Capitalization
$4.63 billion
P/E Ratio
27.31
Dividend Yield
4.56%
Price Target
$10.17

EnLink Midstream MarketRank™ Forecast

Analyst Rating
Hold
1.83 Rating Score
Upside/​Downside
6.3% Upside
$10.17 Price Target
Short Interest
Healthy
4.09% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
-0.29mentions of EnLink Midstream in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$1.80 M Sold Last Quarter
Proj. Earnings Growth
59.46%
From $0.37 to $0.59 Per Share

Overall MarketRank

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

1.95 out of 5 stars

Oils/Energy Sector

179th out of 262 stocks

Natural Gas Transmission Industry

12th out of 20 stocks

ENLC stock logo

About EnLink Midstream (NYSE:ENLC) Stock

EnLink Midstream, LLC provides midstream energy services in the United States. It operates through Permian, Louisiana, Oklahoma, North Texas, and Corporate segments. The company is involved in gathering, compressing, treating, processing, transporting, storing, and selling natural gas; fractionating, transporting, storing, and selling natural gas liquids; and stabilizing, trans-loading , and condensate crude oil , as well as providing brine disposal services. Its midstream energy asset network includes approximately 12,100 miles of pipelines; 22 natural gas processing plants;7 fractionators with approximately 320,000 barrels per day; 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.

EnLink Midstream Stock Performance

Shares of NYSE:ENLC opened at $9.87 on Monday. The business has a fifty day moving average of $9.26 and a 200-day moving average of $9.46. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.06 and a current ratio of 1.06. EnLink Midstream has a twelve month low of $4.78 and a twelve month high of $11.85. The firm has a market cap of $4.78 billion, a PE ratio of 28.20 and a beta of 2.72.

EnLink Midstream Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 12th. Shareholders of record on Friday, July 29th were given a $0.1125 dividend. This represents a $0.45 annualized dividend and a yield of 4.56%. The ex-dividend date was Thursday, July 28th. EnLink Midstream's payout ratio is presently 128.57%.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. StockNews.com upgraded shares of EnLink Midstream from a "hold" rating to a "buy" rating in a research report on Tuesday, May 17th. Credit Suisse Group boosted their price target on EnLink Midstream from $6.50 to $9.00 and gave the company an "underperform" rating in a research note on Tuesday, April 19th. Mizuho upped their price target on EnLink Midstream from $12.00 to $13.00 and gave the company a "neutral" rating in a research report on Friday, May 27th. Raymond James lifted their price objective on EnLink Midstream from $11.00 to $12.00 in a report on Wednesday, May 4th. Finally, Morgan Stanley upped their target price on shares of EnLink Midstream from $9.00 to $12.00 and gave the stock an "equal weight" rating in a report on Tuesday, April 26th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $10.17.

Insiders Place Their Bets

In related news, COO Benjamin D. Lamb sold 150,000 shares of the firm's stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $9.18, for a total value of $1,377,000.00. Following the completion of the sale, the chief operating officer now owns 935,090 shares of the company's stock, valued at $8,584,126.20. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, COO Benjamin D. Lamb sold 150,000 shares of the firm's stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $9.18, for a total value of $1,377,000.00. Following the transaction, the chief operating officer now owns 935,090 shares in the company, valued at $8,584,126.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Benjamin D. Lamb sold 45,000 shares of the business's stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $9.47, for a total value of $426,150.00. Following the sale, the chief operating officer now directly owns 741,173 shares of the company's stock, valued at $7,018,908.31. The disclosure for this sale can be found here. Insiders own 0.84% of the company's stock.

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ENLC Stock News Headlines

EnLink Midstream, LLC (NYSE:ENLC) COO Sells $426,150.00 in Stock
Buy The EnLink Midstream Selloff
Jesse Arenivas named new CEO at EnLink Midstream
2MLP Monthly Report: June 2022
EnLink Midstream: Back In Growth Mode
See More Headlines
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ENLC Company Calendar

Last Earnings
11/02/2021
Ex-Dividend for 8/12 Dividend
7/28/2022
Dividend Payable
8/12/2022
Today
8/15/2022
Next Earnings (Estimated)
11/01/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Natural gas transmission
Sub-Industry
N/A
Employees
1,073
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$10.17
High Stock Price Forecast
$13.00
Low Stock Price Forecast
$7.00
Forecasted Upside/Downside
+6.3%
Consensus Rating
Hold
Rating Score (0-4)
1.83
Research Coverage
6 Analysts

Profitability

Net Income
$22.40 million
Pretax Margin
3.73%

Debt

Sales & Book Value

Annual Sales
$6.69 billion
Cash Flow
$1.30 per share
Book Value
$6.17 per share

Miscellaneous

Free Float
479,938,000
Market Cap
$4.63 billion
Optionable
Optionable
Beta
2.72

Key Executives

  • Mr. Pablo G. Mercado (Age 45)
    Exec. VP & CFO of EnLink Midstream GP LLC
    Comp: $1.33M
  • Mr. Benjamin D. Lamb (Age 42)
    Exec. VP & COO of EnLink Midstream Mang. LLC
    Comp: $1.58M
  • Ms. Alaina K. Brooks (Age 47)
    Exec. VP, Chief Legal & Admin. Officer and Sec. of EnLink Midstream Mang. LLC
    Comp: $1.36M
  • Mr. Barry E. Davis (Age 60)
    Advisor
    Comp: $2.94M
  • Mr. Jesse Arenivas (Age 48)
    CEO & Director of Enlink Midstream Mang. LLC
  • Mr. Jan Philipp Rossbach (Age 40)
    VP & Chief Accounting Officer
  • Mr. Brian Joseph Brungardt Jr.
    C.F.A., Director of Investor Relations
  • Mr. Jill McMillan
    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













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 year. There are currently 2 sell ratings, 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" ENLC shares. 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.
View ENLC analyst ratings
or view top-rated stocks.

What is EnLink Midstream's stock price forecast for 2022?

6 equities research analysts have issued 1 year target prices for EnLink Midstream's shares. Their ENLC share price forecasts range from $7.00 to $13.00. On average, they anticipate the company's stock price to reach $10.17 in the next year. This suggests a possible upside of 3.0% 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 2022?

EnLink Midstream's stock was trading at $6.89 at the start of the year. Since then, ENLC stock has increased by 43.3% and is now trading at $9.87.
View the best growth stocks for 2022 here
.

Are investors shorting EnLink Midstream?

EnLink Midstream saw a drop in short interest in the month of July. As of July 31st, there was short interest totaling 10,260,000 shares, a drop of 30.2% from the July 15th total of 14,700,000 shares. Based on an average daily trading volume, of 2,380,000 shares, the short-interest ratio is presently 4.3 days. Currently, 4.1% of the company's shares are short sold.
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 1st 2022.
View our ENLC earnings forecast
.

How were EnLink Midstream's earnings last quarter?

EnLink Midstream, LLC (NYSE:ENLC) issued its quarterly earnings results on Tuesday, November, 2nd. The pipeline company reported $0.04 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.04. The pipeline company earned $1.79 billion during the quarter, compared to the consensus estimate of $1.50 billion. EnLink Midstream had a net margin of 2.00% and a trailing twelve-month return on equity of 5.98%. During the same quarter in the previous year, the business earned $0.03 EPS.

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

EnLink Midstream announced a quarterly dividend on Wednesday, July 20th. Investors of record on Friday, July 29th will be paid a dividend of $0.1125 per share on Friday, August 12th. This represents a $0.45 annualized dividend and a dividend yield of 4.56%. The ex-dividend date of this dividend is Thursday, July 28th.
Read our dividend analysis for ENLC
.

Is EnLink Midstream a good dividend stock?

EnLink Midstream (NYSE:ENLC) pays an annual dividend of $0.45 per share and currently has a dividend yield of 4.56%. ENLC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 128.57%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, ENLC will have a dividend payout ratio of 76.27% 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 variety of institutional and retail investors. Top institutional shareholders include Alps Advisors Inc. (9.86%), Chickasaw Capital Management LLC (3.55%), Tortoise Capital Advisors L.L.C. (2.59%), Mirae Asset Global Investments Co. Ltd. (1.17%), JPMorgan Chase & Co. (0.93%) and Deutsche Bank AG (0.84%). Insiders that own company stock include Benjamin D Lamb, Egypt Holdings Lp Wsip, Goldman Sachs Group Inc 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 $9.87.

How much money does EnLink Midstream make?

EnLink Midstream (NYSE:ENLC) has a market capitalization of $4.78 billion and generates $6.69 billion in revenue each year. The pipeline company earns $22.40 million in net income (profit) each year or $0.35 on an earnings per share basis.

How many employees does EnLink Midstream have?

The company employs 1,073 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 8/15/2022 by MarketBeat.com Staff

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