Several brokerages have updated their recommendations and price targets on shares of EnLink Midstream (NYSE: ENLC) in the last few weeks:
- 1/16/2018 – EnLink Midstream had its “hold” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $20.00 price target on the stock.
- 1/12/2018 – EnLink Midstream had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $16.00 price target on the stock.
- 1/9/2018 – EnLink Midstream is now covered by analysts at Bank of America Corp. They set a “neutral” rating on the stock.
- 1/4/2018 – EnLink Midstream is now covered by analysts at Credit Suisse Group AG. They set a “neutral” rating and a $19.00 price target on the stock.
EnLink Midstream LLC (NYSE ENLC) traded up $0.50 during mid-day trading on Tuesday, hitting $19.25. 285,000 shares of the company traded hands, compared to its average volume of 324,171. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.85 and a current ratio of 0.85. EnLink Midstream LLC has a 1-year low of $15.00 and a 1-year high of $20.45. The firm has a market cap of $3,480.00, a price-to-earnings ratio of 641.67 and a beta of 2.59.
EnLink Midstream (NYSE:ENLC) last released its quarterly earnings data on Tuesday, October 31st. The pipeline company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.11). EnLink Midstream had a net margin of 0.12% and a return on equity of 0.15%. The business had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.36 billion. The firm’s revenue was up 26.6% on a year-over-year basis. sell-side analysts anticipate that EnLink Midstream LLC will post 0.3 earnings per share for the current fiscal year.
EnLink Midstream, LLC is an integrated midstream company. The Company’s assets consist of equity interests in EnLink Midstream Partners, LP (the Partnership) and EnLink Oklahoma Gas Processing, LP (EnLink Oklahoma T.O.). The Partnership is engaged in the gathering, transmission, processing and marketing of natural gas and natural gas liquids (NGLs), condensate and crude oil, as well as providing crude oil, condensate and brine services to producers.
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