EnLink Midstream LLC (NYSE:ENLC) – Research analysts at US Capital Advisors increased their Q2 2019 EPS estimates for EnLink Midstream in a report released on Friday, May 24th, according to Zacks Investment Research. US Capital Advisors analyst J. Carreker now expects that the pipeline company will post earnings of $0.06 per share for the quarter, up from their previous estimate of $0.04. US Capital Advisors also issued estimates for EnLink Midstream’s Q3 2019 earnings at $0.09 EPS, Q4 2019 earnings at $0.10 EPS, Q1 2020 earnings at $0.08 EPS, Q2 2020 earnings at $0.08 EPS, Q3 2020 earnings at $0.10 EPS, Q4 2020 earnings at $0.11 EPS, FY2020 earnings at $0.37 EPS and FY2021 earnings at $0.50 EPS.
Other equities analysts have also issued reports about the stock. Zacks Investment Research raised shares of EnLink Midstream from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a research report on Wednesday, March 13th. Citigroup initiated coverage on shares of EnLink Midstream in a research report on Tuesday, March 12th. They set a “buy” rating and a $13.00 price target for the company. Barclays initiated coverage on shares of EnLink Midstream in a research report on Friday, March 22nd. They set an “equal weight” rating and a $14.00 price target for the company. Jefferies Financial Group lowered shares of EnLink Midstream from a “buy” rating to a “hold” rating and set a $13.00 price target for the company. in a research report on Monday, April 15th. Finally, Stifel Nicolaus lowered shares of EnLink Midstream from a “buy” rating to a “hold” rating and set a $13.00 price target for the company. in a research report on Monday, April 15th. One analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $15.80.
ENLC traded down $0.10 during trading on Monday, reaching $9.84. 1,425,328 shares of the company’s stock were exchanged, compared to its average volume of 2,617,173. EnLink Midstream has a 1 year low of $8.90 and a 1 year high of $18.00. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.88. The firm has a market capitalization of $4.84 billion, a PE ratio of -140.57, a P/E/G ratio of 9.34 and a beta of 2.13.
EnLink Midstream (NYSE:ENLC) last released its earnings results on Tuesday, April 30th. The pipeline company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01. EnLink Midstream had a negative net margin of 2.62% and a negative return on equity of 0.09%. The company had revenue of $1.78 billion during the quarter, compared to analysts’ expectations of $1.72 billion. During the same period last year, the business earned $0.06 EPS. EnLink Midstream’s revenue for the quarter was up 1.0% on a year-over-year basis.
Several large investors have recently bought and sold shares of ENLC. Raymond James Trust N.A. acquired a new stake in EnLink Midstream during the 1st quarter worth $144,000. Conning Inc. acquired a new stake in EnLink Midstream during the 1st quarter worth $2,099,000. Kayne Anderson Capital Advisors LP boosted its stake in EnLink Midstream by 229.9% during the 4th quarter. Kayne Anderson Capital Advisors LP now owns 906,700 shares of the pipeline company’s stock worth $8,596,000 after purchasing an additional 631,900 shares during the last quarter. Hennessy Advisors Inc. acquired a new stake in EnLink Midstream during the 1st quarter worth $13,717,000. Finally, Clearbridge Investments LLC boosted its stake in EnLink Midstream by 21,064.4% during the 1st quarter. Clearbridge Investments LLC now owns 10,697,359 shares of the pipeline company’s stock worth $136,712,000 after purchasing an additional 10,646,815 shares during the last quarter. 49.18% of the stock is owned by hedge funds and other institutional investors.
About EnLink Midstream
EnLink Midstream, LLC focuses on providing midstream energy services in the United States. It operates through Texas, Oklahoma, Louisiana, and Crude and Condensate segments. The company 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.