EnLink Midstream (ENLC) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $14.21 to $14.35
• 50-Day Range: $13.74 to $16.01
• 52-Week Range: $11.53 to $16.40
• Volume: 444,664 shs
• Average Volume: 2.15 million shs
• Market Capitalization: $6.51 billion
• P/E Ratio: 67.81
• Dividend Yield: 3.72%
• Price Target: $15.40
• Consensus Rating: Hold

EnLink Midstream Stock Analysis - MarketRank™

EnLink Midstream scored higher than 65% of companies evaluated by MarketBeat, and ranked 168th out of 271 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.2 / 5
• Analyst Rating: Hold

Consensus Rating

EnLink Midstream has received a consensus rating of Hold. The company's average rating score is 2.31, and is based on 2 buy ratings, 10 hold ratings, and no sell ratings.

Amount of Analyst Coverage

EnLink Midstream has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 25.49%

Earnings Growth

Earnings for EnLink Midstream are expected to grow by 25.49% in the coming year, from $0.51 to $0.64 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of EnLink Midstream is 68.05, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 112.06.

Price to Earnings Ratio vs. Sector

The P/E ratio of EnLink Midstream is 68.05, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 12.47.

Price to Book Value per Share Ratio

EnLink Midstream has a P/B Ratio of 2.45. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

3.59% of the float of EnLink Midstream has been sold short.

Short Interest Ratio / Days to Cover

EnLink Midstream has a short interest ratio ("days to cover") of 3.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in EnLink Midstream has recently decreased by 2.05%, indicating that investor sentiment is improving.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

EnLink Midstream is a leading dividend payer. It pays a dividend yield of 3.85%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

EnLink Midstream does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of EnLink Midstream is 252.38%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on EPS estimates, EnLink Midstream will have a dividend payout ratio of 82.81% in the coming year. This indicates that EnLink Midstream may not be able to sustain their current dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

3.59% of the float of EnLink Midstream has been sold short.

Short Interest Ratio / Days to Cover

EnLink Midstream has a short interest ratio ("days to cover") of 3.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in EnLink Midstream has recently decreased by 2.05%, indicating that investor sentiment is improving.

News and Social Media

• Score: 1.8 / 5
• News Sentiment: 0.20

News Sentiment

EnLink Midstream has a news sentiment score of 0.20. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.70 average news sentiment score of Oils/Energy companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for EnLink Midstream this week, compared to 5 articles on an average week.

MarketBeat Follows

3 people have added EnLink Midstream to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, EnLink Midstream insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $2,985,077,220.00 in company stock.

Percentage Held by Insiders

Only 0.84% of the stock of EnLink Midstream is held by insiders.

Percentage Held by Institutions

45.87% of the stock of EnLink Midstream is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

ENLC Stock Analysis - Frequently Asked Questions

How have ENLC shares performed this year?

EnLink Midstream's stock was trading at $12.16 on January 1st, 2024. Since then, ENLC stock has increased by 17.5% and is now trading at $14.29.
View the best growth stocks for 2024 here.

How were EnLink Midstream's earnings last quarter?

EnLink Midstream, LLC (NYSE:ENLC) posted its quarterly earnings data on Wednesday, November, 6th. The pipeline company reported ($0.03) EPS for the quarter, missing analysts' consensus estimates of $0.13 by $0.16. The business's revenue was down 7.9% on a year-over-year basis.

Who are EnLink Midstream's major shareholders?

EnLink Midstream's top institutional shareholders include Chickasaw Capital Management LLC (2.95%), Merewether Investment Management LP (0.96%), Brookfield Corp ON (0.78%) and CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT (0.72%). Insiders that own company stock include Benjamin D Lamb, Alaina K Brooks, Kyle D Vann, Jan Philipp Rossbach and Infrastructure Investor Global.
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.

What other stocks do shareholders of EnLink Midstream own?

Based on aggregate information from My MarketBeat watchlists, some other companies that EnLink Midstream investors own include NVIDIA (NVDA), Energy Transfer (ET), Meta Platforms (META), Advanced Micro Devices (AMD), Tesla (TSLA), Broadcom (AVGO) and AT&T (T).

Company Calendar

• Ex-Dividend for 11/14 Dividend: 11/01/2024
• Last Earnings: 11/06/2024
• Dividend Payable: 11/14/2024
• Today: 12/26/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Oils/Energy
• Industry: Natural gas transmission
• Sub-Industry: Utilities
• Current Symbol: NYSE:ENLC
• CUSIP: N/A
• CIK: 1592000
• Web: www.enlink.com
• Phone: (214) 953-9500
• Fax: 214-953-9501
• Employees: 1,072
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $15.40
• High Stock Price Target: $16.00
• Low Stock Price Target: $15.00
• Potential Upside/Downside: +6.9%
• Consensus Rating: Hold
• Rating Score (0-4): 2.31
• Research Coverage: 13 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.21
• Trailing P/E Ratio: 68.62
• Forward P/E Ratio: 28.25
• P/E Growth: N/A
• Net Income: $206.20 million
• Net Margins: 1.96%
• Pretax Margin: 4.44%
• Return on Equity: 9.51%
• Return on Assets: 2.76%

Debt

• Debt-to-Equity Ratio: 2.30
• Current Ratio: 0.42
• Quick Ratio: 0.42

Sales & Book Value

• Annual Sales: $6.65 billion
• Price / Sales: 0.99
• Cash Flow: $1.93 per share
• Price / Cash Flow: 7.46
• Book Value: $5.83 per share
• Price / Book: 2.47

Miscellaneous

• Outstanding Shares: 457,073,000
• Free Float: 453,234,000
• Market Cap: $6.59 billion
• Optionable: Optionable
• Beta: 2.44