Research Analysts Issue Forecasts for ENLC FY2025 Earnings

EnLink Midstream, LLC (NYSE:ENLC) – Equities researchers at US Capital Advisors reduced their FY2025 earnings estimates for EnLink Midstream in a research report issued on Monday, October 28th. US Capital Advisors analyst J. Carreker now expects that the pipeline company will post earnings of $0.85 per share for the year, down from their prior estimate of $0.86. The consensus estimate for EnLink Midstream’s current full-year earnings is $0.58 per share. US Capital Advisors also issued estimates for EnLink Midstream’s FY2026 earnings at $1.04 EPS.

EnLink Midstream (NYSE:ENLC) last released its quarterly earnings data on Tuesday, August 6th. The pipeline company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.06). EnLink Midstream had a net margin of 2.15% and a return on equity of 8.22%. The firm had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.90 billion. During the same period in the previous year, the firm posted $0.12 EPS. The firm’s quarterly revenue was up 1.4% on a year-over-year basis.

A number of other research firms have also recently commented on ENLC. Tudor, Pickering, Holt & Co. raised shares of EnLink Midstream from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research note on Friday, August 16th. Capital One Financial reaffirmed an “equal weight” rating and set a $16.00 price objective on shares of EnLink Midstream in a research note on Tuesday, September 3rd. StockNews.com raised shares of EnLink Midstream from a “hold” rating to a “buy” rating in a research note on Tuesday, September 10th. Tudor Pickering raised shares of EnLink Midstream to a “strong-buy” rating in a research note on Friday, August 16th. Finally, Stifel Nicolaus cut shares of EnLink Midstream from a “buy” rating to a “hold” rating and set a $15.00 price objective for the company. in a research note on Friday, August 30th. Seven equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $15.44.

EnLink Midstream Stock Up 1.0 %

ENLC stock opened at $14.86 on Tuesday. The stock has a market capitalization of $6.86 billion, a P/E ratio of 49.53 and a beta of 2.40. The firm has a 50-day simple moving average of $14.41 and a 200-day simple moving average of $13.71. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.72. EnLink Midstream has a 52 week low of $11.53 and a 52 week high of $14.87.

Hedge Funds Weigh In On EnLink Midstream

Several large investors have recently made changes to their positions in the stock. Chickasaw Capital Management LLC lifted its holdings in shares of EnLink Midstream by 5.5% in the 2nd quarter. Chickasaw Capital Management LLC now owns 14,602,011 shares of the pipeline company’s stock worth $200,924,000 after acquiring an additional 759,994 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in EnLink Midstream by 2.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,823,891 shares of the pipeline company’s stock worth $93,884,000 after buying an additional 133,327 shares in the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT lifted its holdings in EnLink Midstream by 32.4% during the 3rd quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 3,324,324 shares of the pipeline company’s stock worth $48,236,000 after buying an additional 812,767 shares in the last quarter. Hennessy Advisors Inc. lifted its holdings in EnLink Midstream by 17.0% during the 2nd quarter. Hennessy Advisors Inc. now owns 2,477,000 shares of the pipeline company’s stock worth $34,084,000 after buying an additional 360,400 shares in the last quarter. Finally, Westwood Holdings Group Inc. lifted its holdings in EnLink Midstream by 4.7% during the 2nd quarter. Westwood Holdings Group Inc. now owns 2,351,996 shares of the pipeline company’s stock worth $32,363,000 after buying an additional 106,467 shares in the last quarter. 45.87% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at EnLink Midstream

In other EnLink Midstream news, major shareholder Infrastructure Investor Global sold 200,340,753 shares of the business’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $14.90, for a total value of $2,985,077,219.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.84% of the stock is currently owned by company insiders.

EnLink Midstream Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Friday, November 1st will be issued a $0.1325 dividend. The ex-dividend date is Friday, November 1st. This represents a $0.53 annualized dividend and a yield of 3.57%. EnLink Midstream’s payout ratio is 176.67%.

About EnLink Midstream

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.