Somewhat Positive Press Coverage Somewhat Unlikely to Affect EnLink Midstream (NYSE:ENLC) Stock Price
Media headlines about EnLink Midstream (NYSE:ENLC) have trended somewhat positive on Saturday, according to Accern. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. EnLink Midstream earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned media headlines about the pipeline company an impact score of 45.9189249213145 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
A number of research analysts recently weighed in on ENLC shares. BidaskClub upgraded shares of EnLink Midstream from a “strong sell” rating to a “sell” rating in a report on Saturday, June 24th. Citigroup Inc. upgraded shares of EnLink Midstream to a “neutral” rating and set a $19.00 price objective for the company in a report on Wednesday, August 2nd. Zacks Investment Research upgraded shares of EnLink Midstream from a “strong sell” rating to a “hold” rating in a report on Monday, August 7th. Royal Bank Of Canada restated a “hold” rating and issued a $21.00 price objective on shares of EnLink Midstream in a report on Friday, April 21st. Finally, TheStreet upgraded shares of EnLink Midstream from a “d” rating to a “c-” rating in a report on Friday, June 2nd. Three equities research analysts have rated the stock with a sell rating and nine have given a hold rating to the company. EnLink Midstream currently has an average rating of “Hold” and an average price target of $18.55.
EnLink Midstream (ENLC) traded up 1.80% on Friday, reaching $17.00. 339,785 shares of the company’s stock traded hands. The stock has a 50-day moving average of $17.49 and a 200 day moving average of $18.16. The firm has a market capitalization of $3.07 billion, a P/E ratio of 4250.00 and a beta of 2.58. EnLink Midstream has a 52 week low of $14.70 and a 52 week high of $20.45.
The business also recently declared a quarterly dividend, which will be paid on Monday, August 14th. Stockholders of record on Tuesday, August 1st will be given a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 6.00%. The ex-dividend date of this dividend is Friday, July 28th.
EnLink Midstream Company Profile
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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