EnLink Midstream (NYSE:ENLC) will release its earnings data after the market closes on Monday, February 12th. Analysts expect EnLink Midstream to post earnings of $0.15 per share for the quarter.

EnLink Midstream (ENLC) opened at $16.60 on Friday. The firm has a market capitalization of $3,040.00, a PE ratio of 553.33 and a beta of 2.47. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.85 and a quick ratio of 0.85. EnLink Midstream has a one year low of $15.00 and a one year high of $20.45.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 14th. Stockholders of record on Wednesday, January 31st will be paid a $0.259 dividend. This is a positive change from EnLink Midstream’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Tuesday, January 30th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 6.24%. EnLink Midstream’s dividend payout ratio is 3,466.67%.

An institutional investor recently raised its position in EnLink Midstream stock. The Manufacturers Life Insurance Company boosted its position in shares of EnLink Midstream LLC (NYSE:ENLC) by 11.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,684 shares of the pipeline company’s stock after buying an additional 599 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in EnLink Midstream were worth $100,000 as of its most recent SEC filing. 34.38% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have recently weighed in on the company. Seaport Global Securities set a $17.00 price objective on EnLink Midstream and gave the stock a “hold” rating in a research note on Friday. ValuEngine lowered EnLink Midstream from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. B. Riley assumed coverage on EnLink Midstream in a research note on Friday, January 26th. They issued a “neutral” rating and a $18.00 price objective for the company. Zacks Investment Research raised EnLink Midstream from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research note on Tuesday, October 17th. Finally, Bank of America assumed coverage on EnLink Midstream in a research note on Tuesday, January 9th. They issued a “neutral” rating for the company. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $18.85.

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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.

Earnings History for EnLink Midstream (NYSE:ENLC)

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