EnLink Midstream, LLC (NYSE:ENLC) to Post Q1 2022 Earnings of $0.07 Per Share, US Capital Advisors Forecasts

EnLink Midstream, LLC (NYSE:ENLCGet Rating) – US Capital Advisors boosted their Q1 2022 EPS estimates for shares of EnLink Midstream in a research report issued to clients and investors on Monday, April 25th. US Capital Advisors analyst J. Carreker now anticipates that the pipeline company will post earnings per share of $0.07 for the quarter, up from their previous estimate of $0.03. US Capital Advisors also issued estimates for EnLink Midstream’s Q2 2022 earnings at $0.08 EPS, Q3 2022 earnings at $0.09 EPS, Q4 2022 earnings at $0.13 EPS, FY2022 earnings at $0.37 EPS, Q1 2023 earnings at $0.13 EPS, Q2 2023 earnings at $0.13 EPS, Q3 2023 earnings at $0.14 EPS, Q4 2023 earnings at $0.17 EPS, FY2023 earnings at $0.57 EPS and FY2024 earnings at $0.65 EPS.

Other research analysts have also recently issued research reports about the company. Raymond James increased their price objective on EnLink Midstream from $10.00 to $11.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 20th. Zacks Investment Research upgraded EnLink Midstream from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a research report on Thursday, April 21st. Credit Suisse Group raised their price target on EnLink Midstream from $6.50 to $9.00 and gave the company an “underperform” rating in a research report on Tuesday, April 19th. Morgan Stanley raised their price target on EnLink Midstream from $9.00 to $12.00 and gave the company an “equal weight” rating in a research report on Tuesday. Finally, StockNews.com cut EnLink Midstream from a “buy” rating to a “hold” rating in a research report on Tuesday, April 19th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $8.78.

NYSE:ENLC opened at $10.06 on Thursday. The stock has a fifty day moving average price of $9.45 and a two-hundred day moving average price of $8.16. The stock has a market capitalization of $4.87 billion, a price-to-earnings ratio of 251.56 and a beta of 2.99. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.02 and a current ratio of 1.02. EnLink Midstream has a 1 year low of $4.36 and a 1 year high of $10.95.

EnLink Midstream (NYSE:ENLCGet Rating) last released its quarterly earnings data on Tuesday, February 15th. The pipeline company reported $0.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.05. The firm had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $1.88 billion. EnLink Midstream had a return on equity of 0.73% and a net margin of 0.34%. During the same quarter in the prior year, the business posted $0.03 earnings per share.

A number of large investors have recently modified their holdings of the business. Alps Advisors Inc. boosted its stake in EnLink Midstream by 3.8% in the 4th quarter. Alps Advisors Inc. now owns 43,392,248 shares of the pipeline company’s stock worth $298,973,000 after buying an additional 1,606,488 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of EnLink Midstream by 2.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 10,478,853 shares of the pipeline company’s stock valued at $72,196,000 after purchasing an additional 219,618 shares in the last quarter. Morgan Stanley lifted its stake in shares of EnLink Midstream by 5.0% in the 3rd quarter. Morgan Stanley now owns 5,183,788 shares of the pipeline company’s stock valued at $35,354,000 after purchasing an additional 244,927 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of EnLink Midstream by 353.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,998,286 shares of the pipeline company’s stock valued at $20,658,000 after purchasing an additional 2,337,105 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in shares of EnLink Midstream by 24.0% in the 4th quarter. Bank of America Corp DE now owns 2,869,321 shares of the pipeline company’s stock valued at $19,770,000 after purchasing an additional 554,731 shares in the last quarter. 39.65% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Kyle D. Vann sold 10,000 shares of the stock in a transaction on Wednesday, February 23rd. The stock was sold at an average price of $8.26, for a total transaction of $82,600.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.84% of the stock is owned by company insiders.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 13th. Investors of record on Friday, April 29th will be paid a dividend of $0.112 per share. This represents a $0.45 dividend on an annualized basis and a dividend yield of 4.45%. The ex-dividend date is Thursday, April 28th. EnLink Midstream’s payout ratio is currently 1,125.28%.

About EnLink Midstream (Get Rating)

EnLink Midstream, LLC provides midstream energy services in the United States. It operates through Permian, Louisiana, Oklahoma, North Texas, and Corporate segments. The company is involved in gathering, compressing, treating, processing, transporting, storing, and selling natural gas; fractionating, transporting, storing, and selling natural gas liquids; and stabilizing, trans-loading , and condensate crude oil , as well as providing brine disposal services.

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Earnings History and Estimates for EnLink Midstream (NYSE:ENLC)

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