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EnLink Midstream LLC (ENLC)
NYSE:ENLC
Holding ENLC?
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ENLC Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$11.44 - $14.80
Previous Close$14.45
Volume427.24K
Average Volume (3M)2.37M
Market Cap
$6.68B
Enterprise Value$11.32B
Total Cash (Recent Filing)$5.80M
Total Debt (Recent Filing)$4.66B
Price to Earnings (P/E)45.9
Beta1.02
Next Earnings
Oct 29, 2024EPS Estimate
$0.14Last Dividend Ex-Date
Aug 02, 2024Dividend Yield3.56%
Share Statistics
EPS (TTM)0.32
Shares Outstanding461,449,461
10 Day Avg. Volume1,629,510
30 Day Avg. Volume2,365,473
Standard Deviation0.22
R-Squared0.32
Alpha0.01
Financial Highlights & Ratios
Price to Book (P/B)1445.00
Price to Sales (P/S)0.99
Price to Cash Flow (P/CF)10.40
P/FCF Ratio17.80
Enterprise Value/Market CapN/A
Enterprise Value/Revenue1.66
Enterprise Value/Gross Profit8.29
Enterprise Value/Ebitda8.75
Forecast
1Y Price Target
$15.29Price Target Upside5.67% Upside
Rating ConsensusHold
Number of Analyst Covering8
EnLink Midstream News
Bulls Say, Bears Say
Bulls Say
Financial PerformanceENLC still expects to deliver FY24 adj EBITDA close to the $1.36bn midpoint.
Shareholder ReturnsENLC maintained its quarterly distribution of $0.1325/unit, which is up 6% year/year.
Strategic ProjectENLC reached FID on an 8 Bcf brownfield expansion of the Jefferson Island Storage Hub in Louisiana, with an attractive build multiple of 4-5x.
Bears Say
Carbon Capture BusinessMany investors have discounted virtually all value associated with ENLC's carbon capture business, signaling a lack of confidence in this segment.
Financial PerformanceReported adjusted EBITDA of $306 million fell short of both consensus and estimates, highlighting weaker-than-expected financial performance.
Market ReactionMarket reaction was notably severe, with ENLC shares dropping 6.2%, which has been linked to commentary on reduced G&P volumes due to price-related producer shut-ins.
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Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
ENLC FAQ
What was EnLink Midstream LLC’s price range in the past 12 months?
EnLink Midstream LLC lowest stock price was $11.44 and its highest was $14.80 in the past 12 months.
What is EnLink Midstream LLC’s market cap?
Currently, no data Available
When is EnLink Midstream LLC’s upcoming earnings report date?
EnLink Midstream LLC’s upcoming earnings report date is Oct 29, 2024 which is in 39 days.
How were EnLink Midstream LLC’s earnings last quarter?
EnLink Midstream LLC released its earnings results on Aug 06, 2024. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.126 by -$0.056.
Is EnLink Midstream LLC overvalued?
According to Wall Street analysts EnLink Midstream LLC’s price is currently Undervalued.
Does EnLink Midstream LLC pay dividends?
EnLink Midstream LLC pays a Quarterly dividend of $0.13 which represents an annual dividend yield of 3.56%. See more information on EnLink Midstream LLC dividends here
What is EnLink Midstream LLC’s EPS estimate?
EnLink Midstream LLC’s EPS estimate is $0.14.
How many shares outstanding does EnLink Midstream LLC have?
EnLink Midstream LLC has 461,449,460 shares outstanding.
What happened to EnLink Midstream LLC’s price movement after its last earnings report?
EnLink Midstream LLC reported an EPS of $0.07 in its last earnings report, missing expectations of $0.126. Following the earnings report the stock price went down -6.816%.
Which hedge fund is a major shareholder of EnLink Midstream LLC?
Among the largest hedge funds holding EnLink Midstream LLC’s share is Blackstone Inc.. It holds EnLink Midstream LLC’s shares valued at 23M.
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EnLink Midstream Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Hold
Average Price Target:
$15.29 (5.67% Upside)
$15.29 (5.67% Upside)
Blogger Sentiment
Bullish
ENLC Sentiment 75%
Sector Average 72%
Sector Average 72%
Hedge Fund Trend
Increased
By 163.3K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Positive
Last 7 Days ▼ 1.7%
Last 30 Days ▲ 12.2%
Last 30 Days ▲ 12.2%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
20.59%
12-Months-Change
Fundamentals
Return on Equity
14.08%
Trailing 12-Months
Asset Growth
6.40%
Trailing 12-Months
Company Description
EnLink Midstream LLC
EnLink Midstream LLC engages in transmission, processing and marketing of natural gas and crude oil. It operates through the following segments: Permian, North Texas, Oklahoma, Louisiana and Corporate. The Permian segment includes natural gas gathering, processing, and transmission activities and crude oil operations in the Midland and Delaware Basins in West Texas and Eastern New Mexico and crude operations in South Texas. The North Texas segment includes natural gas gathering, processing, and transmission activities in North Texas. The Oklahoma segment includes natural gas gathering, processing, and transmission activities, and crude oil operations in the Cana-Woodford, Arkoma-Woodford, northern Oklahoma Woodford, STACK, and CNOW shale areas. The Louisiana segment includes natural gas pipelines, natural gas processing plants, storage facilities, fractionation facilities, and NGL assets located in Louisiana and crude oil operations in ORV. The Corporate segment includes investments in the Cedar Cove JV in Oklahoma, ownership interest in GCF in South Texas, derivative activity and general corporate assets and expenses. The company was founded in October 2013 and is headquartered in Dallas, TX.
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ENLC Company Deck
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ENLC Earnings Call
Q2 2024
0:00 / 0:00
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ENLC Stock 12 Month Forecast
Average Price Target
$15.29
▲(5.67% Upside)
Technical Analysis
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