EnLink Midstream, LLC (NYSE:ENLC) Receives $14.00 Average Price Target from Analysts

EnLink Midstream, LLC (NYSE:ENLCGet Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the five analysts that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $14.00.

ENLC has been the topic of a number of research reports. Pickering Energy Partners started coverage on EnLink Midstream in a report on Tuesday, October 3rd. They set an “outperform” rating on the stock. StockNews.com assumed coverage on shares of EnLink Midstream in a research report on Thursday, October 5th. They set a “hold” rating for the company. Finally, UBS Group boosted their price target on shares of EnLink Midstream from $14.00 to $15.00 and gave the stock a “buy” rating in a research report on Thursday, January 18th.

View Our Latest Stock Report on ENLC

EnLink Midstream Trading Up 0.4 %

Shares of EnLink Midstream stock opened at $12.18 on Friday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.70. The stock has a market capitalization of $5.56 billion, a P/E ratio of 19.33 and a beta of 2.41. The company has a 50-day simple moving average of $12.53 and a 200 day simple moving average of $12.28. EnLink Midstream has a 12-month low of $8.45 and a 12-month high of $13.98.

EnLink Midstream (NYSE:ENLCGet Free Report) last released its quarterly earnings results on Tuesday, October 31st. The pipeline company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.01). EnLink Midstream had a net margin of 4.26% and a return on equity of 11.32%. The business had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.65 billion. Research analysts expect that EnLink Midstream will post 0.46 earnings per share for the current fiscal year.

EnLink Midstream Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 9th. Shareholders of record on Monday, January 29th will be given a $0.1325 dividend. This represents a $0.53 dividend on an annualized basis and a yield of 4.35%. The ex-dividend date of this dividend is Friday, January 26th. This is an increase from EnLink Midstream’s previous quarterly dividend of $0.13. EnLink Midstream’s payout ratio is 79.37%.

Institutional Investors Weigh In On EnLink Midstream

A number of large investors have recently modified their holdings of the company. National Bank of Canada FI acquired a new stake in EnLink Midstream in the 3rd quarter valued at about $28,000. Sunbelt Securities Inc. grew its holdings in shares of EnLink Midstream by 232.4% during the 3rd quarter. Sunbelt Securities Inc. now owns 5,488 shares of the pipeline company’s stock worth $67,000 after purchasing an additional 3,837 shares in the last quarter. UMB Bank n.a. raised its position in EnLink Midstream by 198.8% in the fourth quarter. UMB Bank n.a. now owns 5,959 shares of the pipeline company’s stock valued at $72,000 after purchasing an additional 3,965 shares during the last quarter. Spirit of America Management Corp NY acquired a new stake in EnLink Midstream during the third quarter worth approximately $73,000. Finally, First Horizon Advisors Inc. lifted its holdings in EnLink Midstream by 14.8% during the third quarter. First Horizon Advisors Inc. now owns 6,849 shares of the pipeline company’s stock worth $84,000 after acquiring an additional 885 shares during the period. 44.80% of the stock is owned by hedge funds and other institutional investors.

About EnLink Midstream

(Get Free Report

EnLink Midstream, LLC provides midstream energy services in the United States. It operates through five segments: Permian, Louisiana, Oklahoma, North Texas, and Corporate. The company 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.

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