ENLC FY2025 EPS Estimate Decreased by Capital One Financial

EnLink Midstream, LLC (NYSE:ENLC) – Analysts at Capital One Financial decreased their FY2025 EPS estimates for shares of EnLink Midstream in a report issued 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 previous forecast 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 posted its earnings results 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). The firm had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.98 billion. EnLink Midstream had a net margin of 1.96% and a return on equity of 9.51%. The business’s revenue for the quarter was down 7.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.10 earnings per share.

Other equities research analysts have also issued research reports about the stock. UBS Group lowered shares of EnLink Midstream from a “buy” rating to a “neutral” rating and set a $16.00 price target for the company. in a report on Monday, September 30th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $15.00 target price on shares of EnLink Midstream in a report on Thursday, August 29th. 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 report on Friday, August 16th. StockNews.com raised shares of EnLink Midstream from a “hold” rating to a “buy” rating in a report on Tuesday, September 10th. Finally, Tudor Pickering raised shares of EnLink Midstream to a “strong-buy” rating in a report on Friday, August 16th. Nine research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $15.40.

EnLink Midstream Price Performance

Shares of NYSE ENLC opened at $15.60 on Monday. The firm has a market cap of $7.13 billion, a PE ratio of 74.29 and a beta of 2.41. The firm has a fifty day moving average of $14.80 and a 200 day moving average of $13.88. The company has a debt-to-equity ratio of 2.30, a quick ratio of 0.42 and a current ratio of 0.42. EnLink Midstream has a one year low of $11.53 and a one year high of $15.67.

Institutional Trading of EnLink Midstream

Several hedge funds have recently made changes to their positions in ENLC. Merewether Investment Management LP acquired a new stake in shares of EnLink Midstream during the third quarter worth about $64,477,000. HITE Hedge Asset Management LLC increased its stake in shares of EnLink Midstream by 2,629.4% during the second quarter. HITE Hedge Asset Management LLC now owns 2,002,935 shares of the pipeline company’s stock worth $27,560,000 after buying an additional 1,929,551 shares during the period. Brookfield Corp ON increased its stake in shares of EnLink Midstream by 97.1% during the third quarter. Brookfield Corp ON now owns 3,603,351 shares of the pipeline company’s stock worth $52,285,000 after buying an additional 1,775,203 shares during the period. Catalyst Capital Advisors LLC increased its stake in shares of EnLink Midstream by 120.1% during the third quarter. Catalyst Capital Advisors LLC now owns 2,091,554 shares of the pipeline company’s stock worth $30,348,000 after buying an additional 1,141,254 shares during the period. Finally, CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT increased its stake in shares of EnLink Midstream by 32.4% during the third 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 during the period. Institutional investors and hedge funds own 45.87% of the company’s stock.

Insider Buying and Selling at EnLink Midstream

In other news, major shareholder Infrastructure Investor Global sold 200,340,753 shares of the 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 sale was disclosed in a legal filing with the SEC, which is available at this link. 0.84% of the stock is currently owned by corporate insiders.

EnLink Midstream Announces Dividend

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

EnLink Midstream Company Profile

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.