EnLink Midstream (ENLC) Scheduled to Post Earnings on Monday

EnLink Midstream (NYSE:ENLC) is set to release its earnings data after the market closes on Monday, February 12th. Analysts expect EnLink Midstream to post earnings of $0.15 per share for the quarter.

EnLink Midstream (NYSE ENLC) opened at $18.05 on Monday. The stock has a market cap of $3,259.63, a PE ratio of 601.87 and a beta of 2.47. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.65. EnLink Midstream has a 52-week low of $15.00 and a 52-week high of $20.45.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 14th. Investors of record on Wednesday, January 31st will be given a dividend of $0.259 per share. This is an increase from EnLink Midstream’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Tuesday, January 30th. This represents a $1.04 annualized dividend and a yield of 5.74%. EnLink Midstream’s dividend payout ratio is 3,467.82%.

Several brokerages recently issued reports on ENLC. ValuEngine downgraded shares of EnLink Midstream from a “hold” rating to a “sell” rating in a research report on Friday. B. Riley began coverage on shares of EnLink Midstream in a research report on Friday, January 26th. They set a “neutral” rating and a $18.00 price target on the stock. Seaport Global Securities began coverage on shares of EnLink Midstream in a research report on Tuesday, October 10th. They set a “neutral” rating and a $16.00 price target on the stock. Zacks Investment Research upgraded shares of EnLink Midstream from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a research report on Tuesday, October 17th. Finally, Bank of America began coverage on shares of EnLink Midstream in a research report on Tuesday, January 9th. They set a “neutral” rating on the stock. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $18.77.

An institutional investor recently raised its position in EnLink Midstream stock. State Street Corp boosted its position in shares of EnLink Midstream LLC (NYSE:ENLC) by 7.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 104,852 shares of the pipeline company’s stock after purchasing an additional 6,851 shares during the quarter. State Street Corp owned about 0.06% of EnLink Midstream worth $1,846,000 as of its most recent filing with the Securities and Exchange Commission. 34.33% of the stock is currently owned by institutional investors and hedge funds.

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EnLink Midstream Company Profile

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.

Earnings History for EnLink Midstream (NYSE:ENLC)

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