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 2 sell ratings, 3 hold ratings and 2 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.
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7 analysts have issued 12 month target prices for EnLink Midstream's shares. Their ENLC share price forecasts range from $7.00 to $13.00. On average, they predict the company's share price to reach $10.50 in the next year. This suggests a possible upside of 8.6% from the stock's current price.
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EnLink Midstream's stock was trading at $6.89 at the beginning of 2022. Since then, ENLC stock has increased by 40.3% and is now trading at $9.67.
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EnLink Midstream saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 13,230,000 shares, an increase of 24.7% from the August 15th total of 10,610,000 shares. Based on an average daily volume of 2,560,000 shares, the short-interest ratio is presently 5.2 days. Approximately 5.3% of the shares of the stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
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EnLink Midstream, LLC (NYSE:ENLC) posted its quarterly earnings results on Wednesday, August, 3rd. The pipeline company reported $0.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.06 by $0.11. The pipeline company earned $2.60 billion during the quarter, compared to the consensus estimate of $1.70 billion. EnLink Midstream had a net margin of 2.00% and a trailing twelve-month return on equity of 5.98%.

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 yield of 4.65%. 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 4.92%. 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 earnings estimates, ENLC will have a dividend payout ratio of 75.00% 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 $9.67.

EnLink Midstream (NYSE:ENLC) has a market capitalization of $4.68 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.