EnLink Midstream - ENLC Stock Forecast, Price & News

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for EnLink Midstream in the last twelve months. There are currently 1 sell rating, 2 hold ratings and 4 buy ratings 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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7 Wall Street research analysts have issued 12 month price objectives for EnLink Midstream's shares. Their ENLC share price forecasts range from $9.00 to $18.00. On average, they predict the company's share price to reach $13.50 in the next year. This suggests a possible upside of 34.7% from the stock's current price.
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EnLink Midstream's stock was trading at $12.30 at the start of the year. Since then, ENLC shares have decreased by 18.5% and is now trading at $10.02.
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EnLink Midstream saw a increase in short interest in the month of February. As of February 28th, there was short interest totaling 12,390,000 shares, an increase of 6.8% from the February 13th total of 11,600,000 shares. Based on an average trading volume of 2,350,000 shares, the days-to-cover ratio is presently 5.3 days. Currently, 5.1% of the shares of the stock are short sold.
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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 quarterly earnings data on Tuesday, February, 14th. The pipeline company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.14. The pipeline company earned $2.05 billion during the quarter, compared to the consensus estimate of $2.83 billion. EnLink Midstream had a net margin of 3.79% and a trailing twelve-month return on equity of 12.62%.

EnLink Midstream declared a quarterly dividend on Wednesday, January 18th. Stockholders 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 4.99%. The ex-dividend date of this dividend is Friday, January 27th. This is a boost 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 Alerian MLP ETF (AMLP), InfraCap MLP ETF (AMZA), USCF Midstream Energy Income Fund (UMI), Alerian Energy Infrastructure ETF (ENFR), Global X MLP & Energy Infrastructure ETF (MLPX), Global X MLP ETF (MLPA), 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 4.62%. 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."

EnLink Midstream's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Alps Advisors Inc. (10.11%), Chickasaw Capital Management LLC (3.09%), Tortoise Capital Advisors L.L.C. (2.57%), Dimensional Fund Advisors LP (2.02%), Aventail Capital Group LP (1.15%) and Mirae Asset Global Investments Co. Ltd. (1.13%). 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 $10.02.

EnLink Midstream (NYSE:ENLC) has a market capitalization of $4.72 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.