EnLink Midstream - ENLC Stock Forecast, Price & News

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.
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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.
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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.
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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.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
View our ENLC earnings forecast.

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.

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.

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.

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 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.
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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 $9.87.

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.

The company 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 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.