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NYSE:ENLC

EnLink Midstream (ENLC) Stock Price, News & Analysis

EnLink Midstream logo
$14.39 +0.19 (+1.34%)
(As of 12:40 PM ET)

About EnLink Midstream Stock (NYSE:ENLC)

Key Stats

Today's Range
$14.22
$14.42
50-Day Range
$13.74
$16.01
52-Week Range
$11.53
$16.40
Volume
277,433 shs
Average Volume
2.15 million shs
Market Capitalization
$6.58 billion
P/E Ratio
68.52
Dividend Yield
3.68%
Price Target
$15.40
Consensus Rating
Hold

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.

EnLink Midstream Stock Analysis - MarketRank™

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53rd Percentile Overall Score

ENLC MarketRank™: 

EnLink Midstream scored higher than 53% of companies evaluated by MarketBeat, and ranked 126th out of 272 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • 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.

  • Read more about EnLink Midstream's stock forecast and price target.
  • 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 68.52, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.18.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of EnLink Midstream is 68.52, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 12.49.

  • Price to Book Value per Share Ratio

    EnLink Midstream has a P/B Ratio of 2.47. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    3.64% 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 4.1.
  • Change versus previous month

    Short interest in EnLink Midstream has recently increased by 0.32%, indicating that investor sentiment is decreasing.
  • 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.

  • Read more about EnLink Midstream's dividend.
  • Percentage of Shares Shorted

    3.64% 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 4.1.
  • Change versus previous month

    Short interest in EnLink Midstream has recently increased by 0.32%, indicating that investor sentiment is decreasing.
  • News Sentiment

    EnLink Midstream has a news sentiment score of 0.60. 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 news sentiment score is similar to the average news sentiment 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.
  • 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.

  • Read more about EnLink Midstream's insider trading history.
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ENLC Stock News Headlines

StockNews.com Begins Coverage on EnLink Midstream (NYSE:ENLC)
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ENLC Stock Analysis - Frequently Asked Questions

EnLink Midstream's stock was trading at $12.16 at the start of the year. Since then, ENLC stock has increased by 18.3% and is now trading at $14.39.
View the best growth stocks for 2024 here
.

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

EnLink Midstream's top institutional investors 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
.

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.

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
12/24/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Natural gas transmission
Sub-Industry
Utilities
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
+8.5%
Consensus Rating
Hold
Rating Score (0-4)
2.31
Research Coverage
13 Analysts

Profitability

Net Income
$206.20 million
Pretax Margin
4.44%

Debt

Sales & Book Value

Annual Sales
$6.65 billion
Cash Flow
$1.90 per share
Book Value
$5.83 per share

Miscellaneous

Free Float
453,234,000
Market Cap
$6.49 billion
Optionable
Optionable
Beta
2.44

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This page (NYSE:ENLC) was last updated on 12/24/2024 by MarketBeat.com Staff
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