EnLink Midstream - ENLC 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 1 sell rating, 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research 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.

7 equities research analysts have issued 1-year target prices for EnLink Midstream's stock. Their ENLC share price forecasts range from $9.00 to $18.00. On average, they expect the company's share price to reach $13.50 in the next twelve months. This suggests a possible upside of 24.5% 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 11.9% and is now trading at $10.84.
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EnLink Midstream saw a increase in short interest during the month of March. As of March 15th, there was short interest totaling 13,630,000 shares, an increase of 10.0% from the February 28th total of 12,390,000 shares. Based on an average trading volume of 2,370,000 shares, the days-to-cover ratio is currently 5.8 days. Approximately 5.7% of the company's shares are sold short.
View EnLink Midstream's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 2nd 2023.
View our ENLC earnings forecast.

EnLink Midstream, LLC (NYSE:ENLC) issued its earnings results on Tuesday, February, 14th. The pipeline company reported $0.33 earnings per share for the quarter, topping analysts' consensus estimates of $0.19 by $0.14. The pipeline company had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.83 billion. EnLink Midstream had a trailing twelve-month return on equity of 12.62% and a net margin of 3.79%.

EnLink Midstream announced a quarterly dividend on Wednesday, January 18th. Shareholders of record on Monday, January 30th will be paid a dividend of $0.125 per share on Monday, February 13th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.61%. The ex-dividend date is Friday, January 27th. This is a positive change from the stock's previous quarterly dividend of $0.11.
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), USCF Midstream Energy Income Fund (UMI), Alerian Energy Infrastructure ETF (ENFR), Global X MLP ETF (MLPA), Global X MLP & Energy Infrastructure ETF (MLPX), VanEck Energy Income ETF (EINC) and Pacer American Energy Independence ETF (USAI).

EnLink Midstream (NYSE:ENLC) pays an annual dividend of $0.50 per share and currently has a dividend yield of 4.84%. 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 earnings estimates, ENLC will have a dividend payout ratio of 58.82% 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."

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 $10.84.

EnLink Midstream (NYSE:ENLC) has a market capitalization of $5.10 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.