Research Analysts Set Expectations for ENLC FY2025 Earnings

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

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). EnLink Midstream had a return on equity of 9.51% and a net margin of 1.96%. The firm had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.98 billion. During the same period last year, the company earned $0.10 earnings per share. The firm’s revenue was down 7.9% on a year-over-year basis.

Several other analysts have also recently issued reports on ENLC. Tudor Pickering upgraded shares of EnLink Midstream to a “strong-buy” rating in a research report on Friday, August 16th. Tudor, Pickering, Holt & Co. raised EnLink Midstream from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research note on Friday, August 16th. Raymond James lowered EnLink Midstream from an “outperform” rating to a “market perform” rating in a report on Friday, November 8th. Stifel Nicolaus cut shares of EnLink Midstream from a “buy” rating to a “hold” rating and set a $15.00 price objective on the stock. in a research report on Friday, August 30th. Finally, Morgan Stanley downgraded shares of EnLink Midstream from an “overweight” rating to an “equal weight” rating and set a $16.00 target price on the stock. in a research note on Monday, September 16th. Nine 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 stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $15.40.

EnLink Midstream Price Performance

EnLink Midstream stock opened at $15.60 on Monday. EnLink Midstream has a 52-week low of $11.53 and a 52-week high of $15.67. The company has a market cap of $7.13 billion, a price-to-earnings ratio of 73.76 and a beta of 2.41. The firm’s fifty day moving average is $14.77 and its 200 day moving average is $13.86. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 2.30.

EnLink Midstream Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Friday, November 1st were issued a $0.1325 dividend. The ex-dividend date was Friday, November 1st. This represents a $0.53 dividend on an annualized basis and a dividend yield of 3.40%. EnLink Midstream’s payout ratio is 252.38%.

Insider Buying and Selling

In other EnLink Midstream news, major shareholder Infrastructure Investor Global sold 200,340,753 shares of the firm’s stock in a transaction dated 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.84% of the stock is owned by insiders.

Hedge Funds Weigh In On EnLink Midstream

Hedge funds and other institutional investors have recently modified their holdings of the business. ORG Partners LLC bought a new stake in EnLink Midstream during the 2nd quarter valued at $28,000. Newbridge Financial Services Group Inc. bought a new stake in EnLink Midstream during the second quarter valued at about $56,000. SG Americas Securities LLC purchased a new position in EnLink Midstream in the first quarter valued at about $105,000. First Horizon Advisors Inc. raised its holdings in EnLink Midstream by 12.5% in the second quarter. First Horizon Advisors Inc. now owns 7,702 shares of the pipeline company’s stock worth $106,000 after purchasing an additional 853 shares in the last quarter. Finally, Icon Wealth Advisors LLC purchased a new stake in shares of EnLink Midstream during the third quarter valued at about $107,000. 45.87% of the stock is currently owned by institutional investors.

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.