BidaskClub upgraded shares of EnLink Midstream, LLC (NYSE:ENLC) from a robust promote score to a promote score in a badysis observe launched on Tuesday, November seventh.
Quite a few different equities badysts additionally just lately commented on ENLC. Jefferies Group LLC raised EnLink Midstream from an underperform score to a maintain score and lowered their value goal for the inventory from $16.00 to $15.00 in a badysis report on Wednesday, July 12th. Barclays PLC reissued a maintain score and set a $19.00 value goal on shares of EnLink Midstream in a badysis report on Friday, July 21st. Royal Bank Of Canada reaffirmed a maintain score and issued a $21.00 value goal on shares of EnLink Midstream in a report on Monday, July 31st. Citigroup Inc. raised EnLink Midstream to a impartial score and set a $19.00 value goal for the corporate in a report on Wednesday, August 2nd. Finally, Mitsubishi UFJ Financial Group raised EnLink Midstream from an underweight score to a impartial score and set a $19.00 value goal for the corporate in a report on Friday, August 4th. Three badysts have rated the inventory with a promote score, ten have given a maintain score and two have given a purchase score to the corporate. The firm has a median score of Hold and a consensus goal value of $18.83.
Shares of EnLink Midstream (NYSE:ENLC) traded up $zero.15 throughout buying and selling hours on Tuesday, reaching $15.55. 360,052 shares of the corporate’s inventory have been exchanged, in comparison with its common quantity of 470,953. The firm has a debt-to-equity ratio of zero.65, a present ratio of zero.85 and a fast ratio of zero.85. The inventory has a market capitalization of $2,808.16, a price-to-earnings ratio of 518.33 and a beta of two.59. EnLink Midstream has a one yr low of $15.00 and a one yr excessive of $20.45.
EnLink Midstream (NYSE:ENLC) final issued its quarterly earnings outcomes on Tuesday, October 31st. The pipeline firm reported $zero.03 earnings per share (EPS) for the quarter, lacking the Zacks’ consensus estimate of $zero.14 by ($zero.11). EnLink Midstream had a return on fairness of zero.15% and a internet margin of zero.12%. The enterprise had income of $1.40 billion for the quarter, in comparison with badysts’ expectations of $1.36 billion. The firm’s income was up 26.6% in comparison with the identical quarter final yr. equities badysts forecast that EnLink Midstream will publish zero.three earnings per share for the present fiscal yr.
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The agency additionally just lately disclosed a quarterly dividend, which was paid on Tuesday, November 14th. Shareholders of file on Wednesday, November 1st got a $zero.255 dividend. This represents a $1.02 annualized dividend and a yield of 6.56%. The ex-dividend date of this dividend was Tuesday, October 31st. EnLink Midstream’s payout ratio is three,401.13%.
Large buyers have just lately added to or diminished their stakes within the enterprise. The Manufacturers Life Insurance Company raised its place in EnLink Midstream by 11.eight% within the second quarter. The Manufacturers Life Insurance Company now owns 5,684 shares of the pipeline firm’s inventory value $100,00zero after buying an extra 599 shares within the final quarter. Linscomb & Williams Inc. acquired a brand new stake in EnLink Midstream within the third quarter valued at $150,00zero. WFG Advisors LP grew its holdings in EnLink Midstream by 11.5% within the second quarter. WFG Advisors LP now owns 9,201 shares of the pipeline firm’s inventory valued at $162,00zero after buying an extra 950 shares over the past quarter. GSA Capital Partners LLP acquired a brand new stake in EnLink Midstream within the second quarter valued at $178,00zero. Finally, Nationwide Fund Advisors grew its holdings in EnLink Midstream by 397.6% within the third quarter. Nationwide Fund Advisors now owns 12,zero13 shares of the pipeline firm’s inventory valued at $207,00zero after buying an extra 9,599 shares over the past quarter. Hedge funds and different institutional buyers personal 32.46% of the corporate’s inventory.
EnLink Midstream Company Profile
EnLink Midstream, LLC is an built-in midstream firm. The Company’s property encompbad fairness pursuits in EnLink Midstream Partners, LP (the Partnership) and EnLink Oklahoma Gas Processing, LP (EnLink Oklahoma T.O.). The Partnership is engaged within the gathering, transmission, processing and advertising of pure gasoline and pure gasoline liquids (NGLs), condensate and crude oil, in addition to offering crude oil, condensate and brine companies to producers.
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