EnLink Midstream (ENLC) Scheduled to Post Earnings on Tuesday

EnLink Midstream (NYSE:ENLCGet Free Report) will be posting its quarterly earnings results after the market closes on Tuesday, February 20th. Analysts expect EnLink Midstream to post earnings of $0.13 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

EnLink Midstream Stock Up 1.4 %

NYSE:ENLC opened at $12.00 on Tuesday. EnLink Midstream has a 1 year low of $8.45 and a 1 year high of $13.98. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.70. The stock has a market cap of $5.48 billion, a price-to-earnings ratio of 19.04 and a beta of 2.41. The stock has a 50-day moving average price of $12.23 and a two-hundred day moving average price of $12.35.

EnLink Midstream Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 9th. Stockholders of record on Monday, January 29th were given a dividend of $0.1325 per share. This is a boost from EnLink Midstream’s previous quarterly dividend of $0.13. This represents a $0.53 annualized dividend and a dividend yield of 4.42%. The ex-dividend date of this dividend was Friday, January 26th. EnLink Midstream’s dividend payout ratio is currently 84.13%.

Analysts Set New Price Targets

Separately, UBS Group upped their price objective on EnLink Midstream from $14.00 to $15.00 and gave the stock a “buy” rating in a research report on Thursday, January 18th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, EnLink Midstream presently has a consensus rating of “Moderate Buy” and an average target price of $14.00.

Read Our Latest Report on EnLink Midstream

Institutional Trading of EnLink Midstream

Institutional investors and hedge funds have recently bought and sold shares of the stock. Advisory Research Inc. bought a new stake in EnLink Midstream during the third quarter worth about $157,000. Renaissance Technologies LLC bought a new stake in EnLink Midstream during the second quarter worth about $154,000. Verition Fund Management LLC bought a new stake in EnLink Midstream in the second quarter valued at approximately $153,000. Sound View Wealth Advisors Group LLC bought a new stake in EnLink Midstream in the first quarter valued at approximately $149,000. Finally, Alliancebernstein L.P. raised its stake in EnLink Midstream by 13.6% in the fourth quarter. Alliancebernstein L.P. now owns 12,110 shares of the pipeline company’s stock valued at $149,000 after buying an additional 1,446 shares during the period. Institutional investors own 44.80% of the company’s stock.

About EnLink Midstream

(Get Free Report)

EnLink Midstream, LLC provides midstream energy services in the United States. It operates through five segments: Permian, Louisiana, Oklahoma, North Texas, and Corporate. 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.

Further Reading

Earnings History for EnLink Midstream (NYSE:ENLC)

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