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NYSE:ENLC

EnLink Midstream - ENLC Stock Forecast, Price & News

$12.63
+0.01 (+0.08%)
(As of 02/6/2023 02:42 PM ET)
Add
Compare
Today's Range
$12.48
$12.72
50-Day Range
$11.45
$13.38
52-Week Range
$7.77
$13.58
Volume
757,195 shs
Average Volume
2.15 million shs
Market Capitalization
$5.98 billion
P/E Ratio
24.29
Dividend Yield
3.96%
Price Target
$13.64

EnLink Midstream MarketRank™ Forecast

Analyst Rating
Hold
2.29 Rating Score
Upside/​Downside
8.0% Upside
$13.64 Price Target
Short Interest
Bearish
6.24% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.17mentions of EnLink Midstream in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$164,160 Sold Last Quarter
Proj. Earnings Growth
27.87%
From $0.61 to $0.78 Per Share

Overall MarketRank

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

1.84 out of 5 stars

Oils/Energy Sector

179th out of 237 stocks

Natural Gas Transmission Industry

12th out of 18 stocks

ENLC stock logo

About EnLink Midstream (NYSE:ENLC) Stock

EnLink Midstream LLC engages in transmission, processing and marketing of natural gas and crude oil. It operates through the following segments: Permian, North Texas, Oklahoma, Louisiana, and Corporate. The Permian segment includes natural gas gathering, processing, and transmission activities and crude oil operations in the Midland and Delaware Basins in West Texas and Eastern New Mexico and crude operations in South Texas. The North Texas segment includes natural gas gathering, processing, and transmission activities in North Texas. The Oklahoma segment includes natural gas gathering, processing, and transmission activities, and crude oil operations in the Cana-Woodford, Arkoma-Woodford, northern Oklahoma Woodford, STACK, and CNOW shale areas. The Louisiana segment includes natural gas pipelines, natural gas processing plants, storage facilities, fractionation facilities, and NGL assets located in Louisiana and crude oil operations in ORV. The Corporate segment includes investments in the Cedar Cove JV in Oklahoma, ownership interest in GCF in South Texas, derivative activity, and general corporate assets and expenses. The company was founded in October 2013 and is headquartered

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ENLC Stock News Headlines

"TAKE THAT, CHINA!" USA Gains in EV Battery Arms Race
Did you know each electric car battery requires 220 pounds of graphite – more than lithium, copper, or aluminum? China enjoyed a "near monopoly" in this vital ingredient... until the U.S. made a blockbuster announcement. Now one little-known company is set to play a crucial role in the booming $7 trillion EV revolution.
The #1 Energy Stock to Buy
The next major energy revolution is unfolding right now. And it could hand early investors as much as 46,700% gains…
EnLink Midstream, Llc (NYSE: ENLC)
EnLink Midstream: Set To Grow In 2023
5 Analysts Have This to Say About EnLink Midstream
Where EnLink Midstream Stands With Analysts
EnLink Midstream Appoints Benjamin Lamb As CFO, Walter Pinto As COO
EnLink Midstream Announces Executive Leadership Changes
Stifel Nicolaus Reaffirms Their Buy Rating on EnLink Midstream (ENLC)
Bull of the Day: EnLink Midstream, LLC (ENLC)
See More Headlines
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ENLC Company Calendar

Last Earnings
11/02/2021
Ex-Dividend for 11/14 Dividend
10/27/2022
Dividend Payable
11/14/2022
Ex-Dividend for 2/13 Dividend
1/27/2023
Today
2/06/2023
Dividend Payable
2/13/2023
Next Earnings (Confirmed)
2/14/2023
Fiscal Year End
12/31/2023

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
$13.64
High Stock Price Forecast
$18.00
Low Stock Price Forecast
$9.00
Forecasted Upside/Downside
+8.0%
Consensus Rating
Hold
Rating Score (0-4)
2.29
Research Coverage
7 Analysts

Profitability

Net Income
$22.40 million
Pretax Margin
4.37%

Debt

Sales & Book Value

Annual Sales
$6.69 billion
Cash Flow
$1.34 per share
Book Value
$6.17 per share

Miscellaneous

Free Float
469,618,000
Market Cap
$5.98 billion
Optionable
Optionable
Beta
2.59

Key Executives

  • Jesse Arenivas
    Chief Executive Officer & Director
  • Walter Pinto
    Chief Operating Officer & Executive Vice President
  • Benjamin D. Lamb
    Chief Financial Officer & Executive Vice President
  • Philipp Jan Rossbach
    Chief Accounting Officer & VP
  • Alaina K. Brooks
    Secretary, Chief Legal & Administrative Officer













ENLC Stock - Frequently Asked Questions

Should I buy or sell EnLink Midstream stock right now?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for EnLink Midstream in the last year. There are currently 1 sell rating, 3 hold ratings and 3 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.
View ENLC analyst ratings
or view top-rated stocks.

What is EnLink Midstream's stock price forecast for 2023?

7 equities research analysts have issued 1 year price objectives for EnLink Midstream's stock. Their ENLC share price forecasts range from $9.00 to $18.00. On average, they predict the company's share price to reach $13.64 in the next twelve months. This suggests a possible upside of 8.4% 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 2023?

EnLink Midstream's stock was trading at $12.30 on January 1st, 2023. Since then, ENLC shares have increased by 2.4% and is now trading at $12.59.
View the best growth stocks for 2023 here
.

When is EnLink Midstream's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 14th 2023.
View our ENLC earnings forecast
.

How can I listen to EnLink Midstream's earnings call?

EnLink Midstream will be holding an earnings conference call on Wednesday, February 15th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were EnLink Midstream's earnings last quarter?

EnLink Midstream, LLC (NYSE:ENLC) released its quarterly earnings data on Tuesday, November, 2nd. The pipeline company reported $0.04 earnings per share for the quarter, meeting analysts' consensus estimates 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 2.63% and a trailing twelve-month return on equity of 8.93%. During the same period in the prior year, the firm posted $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, January 18th. Investors of record on Monday, January 30th will be given a dividend of $0.125 per share on Monday, February 13th. This represents a $0.50 dividend on an annualized basis and a yield of 3.97%. The ex-dividend date is Friday, January 27th. This is an increase from the stock's previous quarterly dividend of $0.11.
Read our dividend analysis for ENLC
.

Is EnLink Midstream a good dividend stock?

EnLink Midstream (NYSE:ENLC) pays an annual dividend of $0.50 per share and currently has a dividend yield of 3.96%. 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 96.16%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, ENLC will have a dividend payout ratio of 64.10% next year. This indicates that the company will be able to sustain or increase its 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 investors include Chickasaw Capital Management LLC (3.09%), Fractal Investments LLC (0.58%), Miller Howard Investments Inc. NY (0.54%), Hennessy Advisors Inc. (0.10%), Hodges Capital Management Inc. (0.09%) and First Dallas Securities Inc. (0.06%). 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 $12.59.

How much money does EnLink Midstream make?

EnLink Midstream (NYSE:ENLC) has a market capitalization of $5.96 billion and generates $6.69 billion in revenue each year. The pipeline company earns $22.40 million in net income (profit) each year or $0.52 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 2/6/2023 by MarketBeat.com Staff