Equities analysts expect EnLink Midstream LLC (NYSE:ENLC) to post earnings of $0.17 per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for EnLink Midstream’s earnings, with estimates ranging from $0.08 to $0.32. EnLink Midstream posted earnings of ($0.02) per share in the same quarter last year, which indicates a positive year-over-year growth rate of 950%. The firm is scheduled to announce its next earnings report on Tuesday, February 13th.
According to Zacks, analysts expect that EnLink Midstream will report full-year earnings of $0.30 per share for the current fiscal year, with EPS estimates ranging from $0.13 to $0.46. For the next year, analysts anticipate that the business will report earnings of $0.72 per share, with EPS estimates ranging from $0.28 to $1.55. Zacks’ EPS calculations are a mean average based on a survey of research firms that that provide coverage for EnLink Midstream.
EnLink Midstream (NYSE:ENLC) last released its quarterly earnings results on Tuesday, October 31st. The pipeline company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.11). The firm had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.36 billion. EnLink Midstream had a return on equity of 0.15% and a net margin of 0.12%. The business’s quarterly revenue was up 26.6% compared to the same quarter last year.
Several research firms have recently commented on ENLC. Jefferies Group restated a “hold” rating and set a $16.00 price target on shares of EnLink Midstream in a research report on Friday. Robert W. Baird restated a “hold” rating and set a $21.00 price target on shares of EnLink Midstream in a research report on Thursday, September 21st. UBS Group upgraded shares of EnLink Midstream from a “neutral” rating to a “buy” rating and set a $19.00 price target for the company in a research report on Tuesday, October 24th. BidaskClub downgraded shares of EnLink Midstream from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 18th. Finally, Citigroup reduced their price objective on shares of EnLink Midstream from $21.00 to $19.00 and set a “buy” rating for the company in a report on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $18.92.
A number of hedge funds have recently bought and sold shares of the stock. Chickasaw Capital Management LLC lifted its holdings in EnLink Midstream by 3.0% in the fourth quarter. Chickasaw Capital Management LLC now owns 15,898,889 shares of the pipeline company’s stock worth $279,820,000 after purchasing an additional 456,251 shares during the period. Tortoise Capital Advisors L.L.C. lifted its holdings in EnLink Midstream by 8.0% in the third quarter. Tortoise Capital Advisors L.L.C. now owns 3,737,067 shares of the pipeline company’s stock worth $64,464,000 after purchasing an additional 275,225 shares during the period. Point72 Asset Management L.P. acquired a new stake in EnLink Midstream in the third quarter worth about $1,130,000. Gen IV Investment Opportunities LLC lifted its holdings in EnLink Midstream by 0.8% in the third quarter. Gen IV Investment Opportunities LLC now owns 1,661,314 shares of the pipeline company’s stock worth $28,658,000 after purchasing an additional 14,000 shares during the period. Finally, Signature Financial Management Inc. lifted its holdings in EnLink Midstream by 29.4% in the 3rd quarter. Signature Financial Management Inc. now owns 30,700 shares of the pipeline company’s stock valued at $529,000 after acquiring an additional 6,975 shares during the last quarter. 34.08% of the stock is owned by institutional investors and hedge funds.
EnLink Midstream (NYSE:ENLC) traded down $0.10 during trading on Wednesday, hitting $18.75. 420,615 shares of the stock traded hands, compared to its average volume of 295,655. The company has a market capitalization of $3,390.00, a price-to-earnings ratio of 625.00 and a beta of 2.59. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.65. EnLink Midstream has a fifty-two week low of $15.00 and a fifty-two week high of $20.45.
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About EnLink Midstream
EnLink Midstream, LLC is an integrated midstream company. The Company’s assets consist of equity interests in EnLink Midstream Partners, LP (the Partnership) and EnLink Oklahoma Gas Processing, LP (EnLink Oklahoma T.O.). The Partnership is engaged in the gathering, transmission, processing and marketing of natural gas and natural gas liquids (NGLs), condensate and crude oil, as well as providing crude oil, condensate and brine services to producers.
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