EnLink Midstream - ENLC Stock Forecast, Price & News

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

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.

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.

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.

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 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.
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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 $12.59.

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.

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.