NYSE:ENLC

EnLink Midstream (ENLC) Stock Price, News & Analysis

$13.66
+0.05 (+0.37%)
(As of 11:22 AM ET)
Today's Range
$13.52
$13.72
50-Day Range
$11.96
$13.95
52-Week Range
$8.45
$14.18
Volume
166,736 shs
Average Volume
1.91 million shs
Market Capitalization
$6.19 billion
P/E Ratio
31.05
Dividend Yield
3.88%
Price Target
$14.63

EnLink Midstream MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
7.5% Upside
$14.63 Price Target
Short Interest
Bearish
5.16% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.71mentions of EnLink Midstream in the last 14 days
Based on 7 Articles This Week
Insider Trading
Selling Shares
$3.64 M Sold Last Quarter
Proj. Earnings Growth
25.00%
From $0.60 to $0.75 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.37 out of 5 stars

Oils/Energy Sector

158th out of 234 stocks

Natural Gas Transmission Industry

11th out of 18 stocks

ENLC stock logo

About EnLink Midstream Stock (NYSE:ENLC)

EnLink Midstream, LLC provides midstream energy services in the United States. The company operates through Permian, Louisiana, Oklahoma, North Texas, and Corporate segments. It is involved in gathering, compressing, treating, processing, transporting, storing, and selling natural gas; fractionating, transporting, storing, and selling natural gas liquids; and gathering, transporting, stabilizing, storing, trans-loading, and selling crude oil and condensate, as well as providing brine disposal services. In addition, the company's midstream energy asset network includes natural gas processing plants; fractionators; barge and rail terminals; product storage facilities; and brine disposal wells. EnLink Midstream, LLC was incorporated in 2013 and is based in Dallas, Texas.

ENLC Stock Price History

ENLC Stock News Headlines

EnLink Midstream (ENLC) Scheduled to Post Earnings on Tuesday
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EnLink Midstream (NYSE:ENLC) Upgraded to "Buy" by StockNews.com
He Is Giving Away Bitcoin
And my special guest is willing to give you $10 in Bitcoin (BTC) if you take it seriously. Right now is a very important time to pay attention to what we are doing and what is happening. If you wait... it will be too late. This week we are holding several workshops and if you attend and pay attention my special guest is going to send you $10 in Bitcoin.
EnLink Midstream Poised for Growth and High Returns: A Buy Rating
ENLC Jun 2024 11.000 put
ENLC Jan 2026 3.000 put
EnLink Midstream: Bullish Thesis Still Intact
EnLink Midstream Full Year 2023 Earnings: Misses Expectations
See More Headlines
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Company Calendar

Ex-Dividend for 2/9 Dividend
1/26/2024
Dividend Payable
2/09/2024
Last Earnings
2/20/2024
Today
4/24/2024
Ex-Dividend for 5/14 Dividend
4/25/2024
Next Earnings (Confirmed)
4/30/2024
Dividend Payable
5/14/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Natural gas transmission
Sub-Industry
N/A
Employees
1,072
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$14.63
High Stock Price Target
$17.00
Low Stock Price Target
$12.00
Potential Upside/Downside
+7.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
6 Analysts

Profitability

Net Income
$206.20 million
Pretax Margin
5.98%

Debt

Sales & Book Value

Annual Sales
$6.90 billion
Cash Flow
$1.96 per share
Book Value
$5.83 per share

Miscellaneous

Free Float
449,370,000
Market Cap
$6.17 billion
Optionable
Optionable
Beta
2.39
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Key Executives

  • Mr. Jesse Arenivas (Age 50)
    CEO & Director of Enlink Midstream Manager LLC
    Comp: $1.96M
  • Mr. Benjamin D. LambMr. Benjamin D. Lamb (Age 44)
    Executive VP & CFO of EnLink Midstream Manager, LLC
    Comp: $1.9M
  • Mr. Walter Pinto (Age 62)
    Executive VP & COO of EnLink Midstream Manager, LLC
    Comp: $1.32M
  • Mr. Adam S. Forman (Age 55)
    Executive VP, General Counsel & Secretary
    Comp: $834.82k
  • Mr. Dilanka Seimon
    Executive VP & Chief Commercial Officer
  • Mr. Jan Philipp Rossbach (Age 42)
    VP & Chief Accounting Officer
  • Mr. Brian Joseph Brungardt Jr.
    C.F.A., Director of Investor Relations
  • Ms. Jill McMillan-Melott
    Vice President of Strategic Relations & Public Affairs
  • Mr. Justin Griffin
    Senior Vice President of Business & Corporate Development
  • Ms. Rhonda L. Price
    Senior Vice President of Human Resources - Enlink Midstream Manager LLC

ENLC Stock Analysis - Frequently Asked Questions

Should I buy or sell EnLink Midstream stock right now?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for EnLink Midstream in the last twelve months. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" ENLC shares.
View ENLC analyst ratings
or view top-rated stocks.

What is EnLink Midstream's stock price target for 2024?

6 Wall Street analysts have issued 1-year target prices for EnLink Midstream's shares. Their ENLC share price targets range from $12.00 to $17.00. On average, they anticipate the company's share price to reach $14.63 in the next twelve months. This suggests a possible upside of 7.5% 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 2024?

EnLink Midstream's stock was trading at $12.16 at the beginning of the year. Since then, ENLC stock has increased by 11.9% and is now trading at $13.61.
View the best growth stocks for 2024 here
.

When is EnLink Midstream's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 30th 2024.
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, May 1st 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) posted its earnings results on Tuesday, February, 20th. The pipeline company reported $0.14 EPS for the quarter, meeting analysts' consensus estimates of $0.14. The pipeline company earned $1.86 billion during the quarter, compared to analyst estimates of $1.82 billion. EnLink Midstream had a net margin of 2.99% and a trailing twelve-month return on equity of 8.12%.

How often does EnLink Midstream pay dividends? What is the dividend yield for EnLink Midstream?

EnLink Midstream declared a quarterly dividend on Thursday, April 11th. Stockholders of record on Friday, April 26th will be paid a dividend of $0.132 per share on Tuesday, May 14th. This represents a $0.53 annualized dividend and a dividend yield of 3.88%. The ex-dividend date of this dividend is Thursday, April 25th.
Read our dividend analysis for ENLC
.

Is EnLink Midstream a good dividend stock?

EnLink Midstream (NYSE:ENLC) pays an annual dividend of $0.53 per share and currently has a dividend yield of 3.88%. 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 120.46%. 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 70.67% 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?
Who are EnLink Midstream's major shareholders?

EnLink Midstream's stock is owned by many different retail and institutional investors. Top institutional shareholders include Chickasaw Capital Management LLC (3.05%), Miller Howard Investments Inc. NY (0.48%), Hennessy Advisors Inc. (0.47%), Maryland State Retirement & Pension System (0.04%), Hodges Capital Management Inc. (0.04%) and First Dallas Securities Inc. (0.03%). Insiders that own company stock include Alaina K Brooks, Benjamin D Lamb, Egypt Holdings Lp Wsip, Goldman Sachs Group Inc, Jan Philipp Rossbach 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:ENLC) was last updated on 4/24/2024 by MarketBeat.com Staff

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