A number of analysts have just lately up to date their rankings and worth targets for EnLink Midstream (NYSE: ENLC):
- 9/16/2024 – EnLink Midstream was downgraded by analysts at Morgan Stanley from an “chubby” score to an “equal weight” score. They now have a $16.00 worth goal on the inventory.
- 9/10/2024 – EnLink Midstream was upgraded by analysts at StockNews.com from a “maintain” score to a “purchase” score.
- 9/3/2024 – EnLink Midstream had its “equal weight” score reaffirmed by analysts at Capital One Monetary Co.. They now have a $16.00 worth goal on the inventory.
- 9/2/2024 – EnLink Midstream was downgraded by analysts at StockNews.com from a “purchase” score to a “maintain” score.
- 8/30/2024 – EnLink Midstream was downgraded by analysts at Stifel Nicolaus from a “purchase” score to a “maintain” score. They now have a $15.00 worth goal on the inventory.
- 8/30/2024 – EnLink Midstream was downgraded by analysts at Wells Fargo & Firm from an “chubby” score to an “equal weight” score. They now have a $15.00 worth goal on the inventory, down beforehand from $16.00.
- 8/29/2024 – EnLink Midstream had its “sector carry out” score reaffirmed by analysts at Royal Financial institution of Canada. They now have a $15.00 worth goal on the inventory.
- 8/27/2024 – EnLink Midstream had its worth goal raised by analysts at Morgan Stanley from $15.00 to $16.00. They now have an “chubby” score on the inventory.
- 8/16/2024 – EnLink Midstream was upgraded by analysts at Tudor Pickering to a “strong-buy” score.
- 8/16/2024 – EnLink Midstream was upgraded by analysts at Tudor, Pickering, Holt & Co. from a “maintain” score to a “purchase” score. They now have a $15.00 worth goal on the inventory.
- 8/13/2024 – EnLink Midstream was upgraded by analysts at StockNews.com from a “maintain” score to a “purchase” score.
- 8/5/2024 – EnLink Midstream was downgraded by analysts at StockNews.com from a “purchase” score to a “maintain” score.
EnLink Midstream Worth Efficiency
ENLC inventory opened at $14.62 on Monday. The corporate has a debt-to-equity ratio of 1.72, a fast ratio of 0.65 and a present ratio of 0.65. The inventory’s 50 day transferring common worth is $13.66 and its 200 day transferring common worth is $13.46. The agency has a market cap of $6.60 billion, a P/E ratio of 41.77 and a beta of two.40. EnLink Midstream, LLC has a 1 12 months low of $11.44 and a 1 12 months excessive of $14.80.
EnLink Midstream (NYSE:ENLC – Get Free Report) final posted its quarterly earnings knowledge on Tuesday, August sixth. The pipeline firm reported $0.07 EPS for the quarter, lacking analysts’ consensus estimates of $0.13 by ($0.06). EnLink Midstream had a return on fairness of 8.22% and a internet margin of two.15%. The corporate had income of $1.55 billion for the quarter, in comparison with analysts’ expectations of $1.90 billion. Throughout the identical quarter within the prior 12 months, the enterprise posted $0.12 EPS. The corporate’s income for the quarter was up 1.4% in comparison with the identical quarter final 12 months. On common, sell-side analysts anticipate that EnLink Midstream, LLC will submit 0.59 earnings per share for the present fiscal 12 months.
EnLink Midstream Will increase Dividend
The corporate additionally just lately introduced a quarterly dividend, which was paid on Wednesday, August 14th. Traders of file on Friday, August 2nd got a dividend of $0.1325 per share. The ex-dividend date of this dividend was Friday, August 2nd. This represents a $0.53 dividend on an annualized foundation and a yield of three.63%. This can be a optimistic change from EnLink Midstream’s earlier quarterly dividend of $0.13. EnLink Midstream’s dividend payout ratio (DPR) is 151.43%.
Institutional Inflows and Outflows
A number of institutional traders have just lately purchased and bought shares of the enterprise. ORG Companions LLC bought a brand new stake in shares of EnLink Midstream within the second quarter valued at $28,000. Newbridge Monetary Providers Group Inc. bought a brand new stake in EnLink Midstream within the 2nd quarter valued at about $56,000. Sunbelt Securities Inc. elevated its stake in shares of EnLink Midstream by 24.2% through the 1st quarter. Sunbelt Securities Inc. now owns 6,885 shares of the pipeline firm’s inventory valued at $94,000 after buying an extra 1,343 shares over the last quarter. SG Americas Securities LLC acquired a brand new place in shares of EnLink Midstream through the 1st quarter valued at about $105,000. Lastly, First Horizon Advisors Inc. boosted its place in shares of EnLink Midstream by 12.5% within the second quarter. First Horizon Advisors Inc. now owns 7,702 shares of the pipeline firm’s inventory price $106,000 after buying an extra 853 shares over the last quarter. 45.87% of the inventory is at the moment owned by institutional traders and hedge funds.
EnLink Midstream, LLC gives midstream vitality providers in america. The corporate operates by means of Permian, Louisiana, Oklahoma, North Texas, and Company segments. It’s concerned in gathering, compressing, treating, processing, transporting, storing, and promoting pure fuel; fractionating, transporting, storing, and promoting pure fuel liquids; and gathering, transporting, stabilizing, storing, trans-loading, and promoting crude oil and condensate, in addition to offering brine disposal providers.
Additional Studying
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