NYSE:ENLCEnLink Midstream Stock Price, Forecast & News

EnLink Midstream's stock was trading at $1.96 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, ENLC shares have increased by 29.1% and is now trading at $2.53.
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9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for EnLink Midstream in the last year. There are currently 3 sell ratings, 5 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold."
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EnLink Midstream LLC (NYSE:ENLC) released its quarterly earnings results on Thursday, May, 7th. The pipeline company reported $0.14 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.05 by $0.09. The pipeline company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.67 billion. EnLink Midstream had a negative net margin of 22.65% and a positive return on equity of 2.59%.
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EnLink Midstream declared a quarterly dividend on Monday, July 20th. Stockholders of record on Friday, July 31st will be given a dividend of $0.094 per share on Thursday, August 13th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 14.86%. The ex-dividend date of this dividend is Thursday, July 30th.
View EnLink Midstream's dividend history.

9 analysts have issued twelve-month price objectives for EnLink Midstream's shares. Their forecasts range from $2.50 to $10.00. On average, they anticipate EnLink Midstream's stock price to reach $6.61 in the next year. This suggests a possible upside of 161.3% from the stock's current price.
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Headlines about ENLC stock have been trending somewhat negative on Wednesday, according to InfoTrie Sentiment Analysis. InfoTrie identifies positive and negative press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. EnLink Midstream earned a daily sentiment score of -1.0 on InfoTrie's scale. They also assigned media stories about the pipeline company a news buzz of 5.0 out of 10, meaning that recent press coverage is somewhat likely to have an impact on the company's share price in the next few days.
View the latest news about EnLink Midstream.

EnLink Midstream saw a increase in short interest in July. As of July 15th, there was short interest totaling 9,630,000 shares, an increase of 28.1% from the June 30th total of 7,520,000 shares. Based on an average daily volume of 4,390,000 shares, the days-to-cover ratio is currently 2.2 days. Currently, 3.8% of the company's shares are short sold.
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Some companies that are related to EnLink Midstream include Targa Resources (TRGP), EQM Midstream Partners (EQM), Western Midstream Partners (WES), Antero Midstream (AM), DCP Midstream (DCP), TC Pipelines (TCP), Enable Midstream Partners (ENBL), Rattler Midstream (RTLR), USA Compression Partners (USAC), Archrock (AROC), Transportadora de Gas del Sur (TGS), CNX Midstream Partners (CNXM) and Summit Midstream Partners (SMLP).
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Based on aggregate information from My MarketBeat watchlists, some companies that other EnLink Midstream investors own include Amplify Energy (AMPY), Amplify Energy (AMPY), NGL Energy Partners (NGL), New Residential Investment (NRZ), Washington Prime Group (WPG), Golar LNG Partners (GMLP), Energy Transfer LP Unit (ET), AMC Entertainment (AMC), DHT (DHT) and Summit Midstream Partners (SMLP).

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 Chickasaw Capital Management LLC (3.29%), UBS Group AG (0.85%), First Trust Advisors LP (0.69%), Walnut Private Equity Partners LLC (0.17%), Hodges Capital Management Inc. (0.13%) and Vident Investment Advisory LLC (0.10%). Company insiders that own EnLink Midstream stock include Alaina K Brooks, Barry E Davis, Goldman Sachs Group Inc, Kyle D Vann and Susan J Mcaden.
View institutional ownership trends for EnLink Midstream.

ENLC stock was sold by a variety of institutional investors in the last quarter, including Chickasaw Capital Management LLC, Cadence Capital Management LLC, Envestnet Asset Management Inc., and Hodges Capital Management Inc..
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ENLC stock was bought by a variety of institutional investors in the last quarter, including First Trust Advisors LP, UBS Group AG, Walnut Private Equity Partners LLC, Segment Wealth Management LLC, Creative Financial Designs Inc. ADV, Fort Washington Investment Advisors Inc. OH, Janney Montgomery Scott LLC, and Vident Investment Advisory LLC. Company insiders that have bought EnLink Midstream stock in the last two years include Barry E Davis, Goldman Sachs Group Inc, Kyle D Vann, and Susan J Mcaden.
View insider buying and selling activity for EnLink Midstream.

Shares of ENLC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of ENLC stock can currently be purchased for approximately $2.53.

EnLink Midstream has a market capitalization of $1.24 billion and generates $6.05 billion in revenue each year. The pipeline company earns $-1,119,300,000.00 in net income (profit) each year or $0.14 on an earnings per share basis. EnLink Midstream employs 1,355 workers across the globe.

The official website for EnLink Midstream is www.enlink.com.

EnLink Midstream's mailing address is 1722 ROUTH STREET SUITE 1300, DALLAS TX, 75201. The pipeline company can be reached via phone at 214-953-9500 or via email at [email protected]