Research Analysts Offer Predictions for ENLC FY2025 Earnings

EnLink Midstream, LLC (NYSE:ENLC) – Analysts at Capital One Financial reduced their FY2025 earnings estimates for EnLink Midstream in a research note issued to investors on Thursday, November 14th. Capital One Financial analyst W. Suki now forecasts that the pipeline company will post earnings of $0.55 per share for the year, down from their previous estimate of $0.65. Capital One Financial currently has a “Equal Weight” rating and a $16.00 target price on the stock. The consensus estimate for EnLink Midstream’s current full-year earnings is $0.55 per share.

Other equities analysts have also issued reports about the stock. Tudor Pickering raised shares of EnLink Midstream to a “strong-buy” rating in a report on Friday, August 16th. Stifel Nicolaus lowered shares of EnLink Midstream from a “buy” rating to a “hold” rating and set a $15.00 price objective on the stock. in a report on Friday, August 30th. StockNews.com raised shares of EnLink Midstream from a “hold” rating to a “buy” rating in a report on Tuesday, September 10th. Royal Bank of Canada reissued a “sector perform” rating and set a $15.00 price objective on shares of EnLink Midstream in a report on Thursday, August 29th. Finally, Tudor, Pickering, Holt & Co. raised shares of EnLink Midstream from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a report on Friday, August 16th. Nine research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, EnLink Midstream presently has a consensus rating of “Hold” and an average price target of $15.40.

EnLink Midstream Price Performance

NYSE ENLC opened at $15.49 on Monday. The firm’s fifty day simple moving average is $14.77 and its two-hundred day simple moving average is $13.85. The company has a current ratio of 0.42, a quick ratio of 0.65 and a debt-to-equity ratio of 2.30. EnLink Midstream has a 12-month low of $11.53 and a 12-month high of $15.67. The firm has a market capitalization of $7.08 billion, a P/E ratio of 73.76 and a beta of 2.41.

EnLink Midstream (NYSE:ENLC) last issued its quarterly earnings data on Wednesday, November 6th. The pipeline company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.16). The business had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.98 billion. EnLink Midstream had a net margin of 1.96% and a return on equity of 9.51%. The business’s quarterly revenue was down 7.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.10 earnings per share.

Hedge Funds Weigh In On EnLink Midstream

Institutional investors and hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC acquired a new stake in shares of EnLink Midstream in the first quarter worth $105,000. Clearbridge Investments LLC acquired a new stake in shares of EnLink Midstream in the first quarter worth $873,000. CANADA LIFE ASSURANCE Co increased its position in shares of EnLink Midstream by 4.7% in the first quarter. CANADA LIFE ASSURANCE Co now owns 184,007 shares of the pipeline company’s stock worth $2,513,000 after acquiring an additional 8,218 shares in the last quarter. Westwood Holdings Group Inc. increased its position in shares of EnLink Midstream by 22.8% in the first quarter. Westwood Holdings Group Inc. now owns 2,245,529 shares of the pipeline company’s stock worth $30,629,000 after acquiring an additional 416,424 shares in the last quarter. Finally, Blackstone Inc. boosted its stake in shares of EnLink Midstream by 3.8% in the first quarter. Blackstone Inc. now owns 1,500,470 shares of the pipeline company’s stock valued at $20,466,000 after purchasing an additional 55,000 shares during the period. Institutional investors and hedge funds own 45.87% of the company’s stock.

Insider Transactions at EnLink Midstream

In related news, major shareholder Infrastructure Investor Global sold 200,340,753 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $14.90, for a total transaction of $2,985,077,219.70. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.84% of the company’s stock.

EnLink Midstream Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Friday, November 1st were paid a dividend of $0.1325 per share. The ex-dividend date was Friday, November 1st. This represents a $0.53 dividend on an annualized basis and a dividend yield of 3.42%. EnLink Midstream’s dividend payout ratio (DPR) is 252.38%.

EnLink Midstream Company Profile

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.