EnLink Midstream Stock (NYSE:ENLC), Trade Ideas

EnLink Midstream

EnLink Midstream LLC is an integrated midstream company. The company's operating segment includes Permian; North Texas; Oklahoma; Louisiana and Corporate. The company generates maximum revenue from the Louisiana segment. The Louisiana segment includes natural gas pipelines, natural gas processing plants, storage facilities, fractionation facilities, and NGL assets.

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EnLink Midstream, LLC Common Units representing Limited Partner Interests

EnLink Midstream LLC

<p>Ratings for EnLink Midstream (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENLC#NYSE">ENLC</a>) were provided by 4 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.</p>
<p>The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $15.0, a high estimate of $16.00, and a low estimate of $14.00. Observing a 7.14% increase, the current average has risen from the previous average price target of $14.00. </p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1713283253_0.png" alt="price target chart" /></p>
<h2>Diving into Analyst Ratings: An In-Depth Exploration</h2>
<p>The standing of EnLink Midstream among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Spiro Dounis</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$16.00</td>
<td>$13.00</td>
</tr>
<tr>
<td>Wade Suki</td>
<td>Capital One</td>
<td>Announces</td>
<td>Overweight</td>
<td>$15.00</td>
<td>-</td>
</tr>
<tr>
<td>Jeremy Tonet</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$14.00</td>
<td>$15.00</td>
</tr>
<tr>
<td>Shneur Gershuni</td>
<td>UBS</td>
<td>Raises</td>
<td>Buy</td>
<td>$15.00</td>
<td>$14.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to EnLink Midstream. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li><strong>Rating:</strong> Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of EnLink Midstream compared to the broader market.</li>
<li><strong>Price Targets:</strong> Analysts predict movements in price targets, offering estimates for EnLink Midstream's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
<p>Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of EnLink Midstream's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/ENLC/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on EnLink Midstream analyst ratings.</strong></a></p>
<h2>All You Need to Know About EnLink Midstream</h2>
<p>EnLink Midstream LLC is an integrated midstream company. The company's operating segment includes Permian; North Texas; Oklahoma; Louisiana and Corporate. The company generates maximum revenue from the Louisiana segment. The Louisiana segment includes natural gas pipelines, natural gas processing plants, storage facilities, fractionation facilities, and NGL assets.</p>
<h3>EnLink Midstream's Economic Impact: An Analysis</h3>
<p><strong>Market Capitalization Perspectives:</strong> The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.</p>
<p><strong>Negative Revenue Trend:</strong> Examining EnLink Midstream's financials over 3 months reveals challenges. As of 31 December, 2023, the company experienced a decline of approximately <strong>-9.51%</strong> in revenue growth, reflecting a decrease in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Energy sector.</p>
<p><strong>Net Margin:</strong> EnLink Midstream's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of <strong>3.5%,</strong> the company may face hurdles in effective cost management.</p>
<p><strong>Return on Equity (ROE):</strong> The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of <strong>6.15%,</strong> the company may need to address challenges in generating satisfactory returns for shareholders.</p>
<p><strong>Return on Assets (ROA):</strong> EnLink Midstream's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of <strong>0.76%,</strong> the company may encounter challenges in delivering satisfactory returns from its assets.</p>
<p><strong>Debt Management:</strong> EnLink Midstream's debt-to-equity ratio surpasses industry norms, standing at <strong>4.59</strong>. This suggests the company carries a substantial amount of debt, posing potential financial challenges.</p>
<h2>The Basics of Analyst Ratings</h2>
<p>Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.</p>
<p>Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Analyst Ratings

Key Takeaways From EnLink Midstream Analyst Ratings

<p>Citigroup  analyst Spiro Dounis   maintains EnLink Midstream (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENLC#NYSE">ENLC</a>) with a Buy and raises the price target from $13 to $16.</p>


Price Target

Citigroup Maintains Buy on EnLink Midstream, Raises Price Target to $16

<p>Capital One  analyst Wade Suki   initiates coverage on EnLink Midstream (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENLC#NYSE">ENLC</a>) with a Overweight rating and announces Price Target of $15.</p>


Initiation

Capital One Initiates Coverage On EnLink Midstream with Overweight Rating, Announces Price Target of $15

<p>JP Morgan has decided to maintain its Neutral rating of EnLink Midstream (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENLC#NYSE">ENLC</a>) and lower its price target from $15.00 to $14.00.</p>
<p>Shares of EnLink Midstream are trading down 0.74% over the last 24 hours, at $12.01 per share.</p>
<p>A move to $14.00 would account for a 16.57% increase from the current share price.</p>
<h3>About EnLink Midstream</h3>
<p>EnLink Midstream LLC is an integrated midstream company. The company's operating segment includes Permian; North Texas; Oklahoma; Louisiana and Corporate. The company generates maximum revenue from the Louisiana segment. The Louisiana segment includes natural gas pipelines, natural gas processing plants, storage facilities, fractionation facilities, and NGL assets.</p>
<h3>About Analyst Ratings</h3>
<p>Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.</p>
<p>Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.</p>
<p>If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along with analyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.</p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


JP Morgan Maintains Neutral Rating for EnLink Midstream: Here's What You Need To Know

<p>JP Morgan  analyst Jeremy Tonet   maintains EnLink Midstream (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENLC#NYSE">ENLC</a>) with a Neutral and lowers the price target from $15 to $14.</p>


JP Morgan Maintains Neutral on EnLink Midstream, Lowers Price Target to $14

Buybacks

EnLink Chief Executive Officer Jesse Arenivas Says "We Remain Committed To Returning Capital To Our Investors In 2024, As Reflected In The Recent Decision To Raise Our Distribution For Q4 Of 2023 And To Initiate Our Third Annual Unit Repurchase Authorization Of At Least $200M"

EnLink Midstream And ExxonMobil Are Exploring Additional Carbon Transportation Opportunities With ExxonMobil To Reduce Emissions In The Gulf Coast

<p>EnLink Midstream (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENLC#NYSE">ENLC</a>) reported quarterly earnings of $0.14 per share which met the analyst consensus estimate. This is a 57.58 percent decrease over earnings of $0.33 per share from the same period last year.  The company reported quarterly sales of $1.86 billion which missed the analyst consensus estimate of $2.16 billion by 13.88 percent.  This is a 9.46 percent decrease over sales of $2.05 billion the same period last year.</p>


Earnings

Earnings Misses

EnLink Midstream Q4 2023 GAAP EPS $0.14, Inline, Sales $1.86B Miss $2.16B Estimate

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Earnings Scheduled For February 20, 2024

<p><strong>EnLink Midstream</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENLC#NYSE">ENLC</a>) is set to give its latest quarterly earnings report on Tuesday, 2024-02-20. Here's what investors need to know before the announcement.</p>
<p>Analysts estimate that EnLink Midstream will report an <strong>earnings per share</strong> (EPS) of $0.15. </p>
<p>EnLink Midstream bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.</p>
<p>New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).</p>
<h3>Past Earnings Performance</h3>
<p>Last quarter the company missed EPS by $0.03, which was followed by a 0.73% drop in the share price the next day.</p>
<p>Here's a look at EnLink Midstream's past performance and the resulting price change:</p>
<p>
<table>
<thead>
<tr>
<th><strong>Quarter</strong></th>
<th><strong>Q3 2023</strong></th>
<th><strong>Q2 2023</strong></th>
<th><strong>Q1 2023</strong></th>
<th><strong>Q4 2022</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>EPS Estimate</strong></td>
<td>0.13</td>
<td>0.11</td>
<td>0.12</td>
<td>0.18</td>
</tr>
<tr>
<td><strong>EPS Actual</strong></td>
<td>0.10</td>
<td>0.12</td>
<td>0.12</td>
<td>0.33</td>
</tr>
<tr>
<td><strong>Price Change %</strong></td>
<td>-0.73%</td>
<td>0.61%</td>
<td>-4.86%</td>
<td>-2.34%</td>
</tr>
</tbody>
</table>
</p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1708365716_0.png" alt="eps graph" /></p>
<h3>Stock Performance</h3>
<p>Shares of EnLink Midstream were trading at $12.21 as of February 15. Over the last 52-week period, shares are up 8.52%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. </p>
<p><a href="https://www.benzinga.com/quote/ENLC/earnings"><strong>To track all earnings releases for EnLink Midstream visit their earnings calendar on our site.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


EnLink Midstream Earnings Preview

<p>As the day concludes, <b>EnLink Midstream (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENLC#NYSE">ENLC</a>)</b> is preparing to distribute a dividend payout of $0.13 per share, resulting in an annualized dividend yield of 4.29%. This payout is exclusive to investors who held the stock before the ex-dividend date on January 26, 2024.</p>
<h3>EnLink Midstream Recent Dividend Payouts</h3>
<style>
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            padding: 8px;
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        th {
            background-color: #293a5a;
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            font-size: 12px;
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    </style><table>
<thead>
<tr>
<th><strong>Ex-Date</strong></th>
<th style="text-align: right;"><strong>Payments per year</strong></th>
<th><strong>Dividend</strong></th>
<th><strong>Yield</strong></th>
<th><strong>Announced</strong></th>
<th><strong>Record</strong></th>
<th><strong>Payable</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>2024-01-26</td>
<td style="text-align: right;">4</td>
<td>$0.13</td>
<td>4.29%</td>
<td>2024-01-16</td>
<td>2024-01-29</td>
<td>2024-02-09</td>
</tr>
<tr>
<td>2023-10-26</td>
<td style="text-align: right;">4</td>
<td>$0.12</td>
<td>3.9%</td>
<td>2023-10-17</td>
<td>2023-10-27</td>
<td>2023-11-10</td>
</tr>
<tr>
<td>2023-07-27</td>
<td style="text-align: right;">4</td>
<td>$0.12</td>
<td>4.48%</td>
<td>2023-07-18</td>
<td>2023-07-28</td>
<td>2023-08-11</td>
</tr>
<tr>
<td>2023-04-27</td>
<td style="text-align: right;">4</td>
<td>$0.12</td>
<td>4.77%</td>
<td>2023-04-18</td>
<td>2023-04-28</td>
<td>2023-05-12</td>
</tr>
<tr>
<td>2023-01-27</td>
<td style="text-align: right;">4</td>
<td>$0.12</td>
<td>3.77%</td>
<td>2023-01-18</td>
<td>2023-01-30</td>
<td>2023-02-13</td>
</tr>
<tr>
<td>2022-10-27</td>
<td style="text-align: right;">4</td>
<td>$0.11</td>
<td>4.59%</td>
<td>2022-10-18</td>
<td>2022-10-28</td>
<td>2022-11-14</td>
</tr>
<tr>
<td>2022-07-28</td>
<td style="text-align: right;">4</td>
<td>$0.11</td>
<td>5.23%</td>
<td>2022-07-18</td>
<td>2022-07-29</td>
<td>2022-08-12</td>
</tr>
<tr>
<td>2022-04-28</td>
<td style="text-align: right;">4</td>
<td>$0.11</td>
<td>4.46%</td>
<td>2022-04-19</td>
<td>2022-04-29</td>
<td>2022-05-13</td>
</tr>
<tr>
<td>2022-01-28</td>
<td style="text-align: right;">4</td>
<td>$0.11</td>
<td>5.78%</td>
<td>2022-01-18</td>
<td>2022-01-31</td>
<td>2022-02-11</td>
</tr>
<tr>
<td>2021-10-29</td>
<td style="text-align: right;">4</td>
<td>$0.09</td>
<td>4.54%</td>
<td>2021-10-19</td>
<td>2021-11-01</td>
<td>2021-11-12</td>
</tr>
<tr>
<td>2021-07-29</td>
<td style="text-align: right;">4</td>
<td>$0.09</td>
<td>6.7%</td>
<td>2021-07-19</td>
<td>2021-07-30</td>
<td>2021-08-13</td>
</tr>
<tr>
<td>2021-04-29</td>
<td style="text-align: right;">4</td>
<td>$0.09</td>
<td>8.77%</td>
<td>2021-04-19</td>
<td>2021-04-30</td>
<td>2021-05-14</td>
</tr>
</tbody>
</table>
<p>In terms of dividend yield, EnLink Midstream finds itself in the middle ground among its industry peers, while <b>TORM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRMD#NASDAQ">TRMD</a>)</b> takes the lead with the highest annualized dividend yield at 17.37%.</p>
<h3>Analyzing EnLink Midstream Financial Health</h3>
<p>Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing. </p>
<h3>YoY Growth in Dividend Per Share</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1707491119_0.png" alt="dividend chart graph" /></p>
<p>The company demonstrated a positive dividend growth pattern from 2020 to 2023, with the dividend per share rising from $0.47 to $0.50. This signifies the company's commitment to consistently increasing shareholder dividends.</p>
<h3>YoY Earnings Growth For EnLink Midstream</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1707491119_1.png" alt="earning chart graph" /></p>
<p>Investors can observe a growth in earnings for EnLink Midstream from 2020 to 2023, as earnings per share increased from $0.12 to $0.67. This upward trajectory in earnings indicates potential for future cash dividend payout increases, which can be advantageous for income-seeking investors.</p>
<h3>Recap</h3>
<p>This article delves into the recent dividend payout of EnLink Midstream and its implications for shareholders. Presently, the company is distributing a dividend of $0.13 per share, leading to an annualized dividend yield of 4.29%.</p>
<p>In terms of dividend yield, EnLink Midstream finds itself in the middle ground among its industry peers, while TORM takes the lead with the highest annualized dividend yield at 17.37%.</p>
<p>The increase in both dividend per share and earnings per share from 2020 to 2023 for EnLink Midstream indicates a positive financial trend, suggesting their capacity to continue distributing profits to shareholders.</p>
<p>To remain updated on any changes in financials or dividend disbursements, investors should closely observe the company's performance in the coming quarters.</p>
<p>[See current stock movements EnLink Midstream on Benzinga.](https://www.benzinga.com/quote/<b>EnLink Midstream (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/enlc#NYSE">ENLC</a>)</b>)</p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


Dividends

TRMD

Surpassing Expectations: EnLink Midstream Unleashes Growth Potential and Rewards Investors

<p>UBS  analyst Shneur Gershuni   maintains EnLink Midstream (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENLC#NYSE">ENLC</a>) with a Buy and raises the price target from $14 to $15.</p>


UBS Maintains Buy on EnLink Midstream, Raises Price Target to $15

<p>&nbsp;EnLink Midstream, LLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENLC#NYSE">ENLC</a>) (EnLink) announced today that the EnLink Board of Directors (Board) completed its expanded 2023 common unit repurchase authorization of $250 million, authorized a 2024 common unit repurchase plan, increased its quarterly distribution for the fourth quarter of 2023 by approximately 6%, and updated EnLink&#39;s financial policy to reflect a long-term leverage target of 3.5x debt-to-EBITDA.</p>
<p>EnLink also announced it will host a webcast and conference call on Wednesday, February 21, at 8 a.m. Central time to discuss its fourth quarter and full-year 2023 earnings, along with 2024 financial guidance.&nbsp;</p>
<p><strong>Increased 2023 Common Unit Repurchase Execution</strong><br />
In November, the Board increased the 2023 common unit repurchase authorization by $50 million to $250 million. The increase reflected the generation of strong free cash flow after distributions, as well as the use of a portion of the proceeds of the sale of EnLink&#39;s Ohio River Valley (ORV) assets. A portion of the ORV proceeds was also used to reduce debt, resulting in a leverage-neutral transaction. EnLink fully executed the expanded 2023 common unit repurchase program, including approximately $42 million of common units repurchased from Global Infrastructure Partners (GIP), pursuant to our 2023 Unit Repurchase Agreement, which will settle on February 19, 2024.</p>
<p><strong>Authorized New 2024 Unit Repurchase Plan</strong><br />
The Board authorized a new $200 million unit repurchase plan for 2024. This marks the third consecutive year that the Board has authorized a significant unit repurchase plan. Following consistent repurchase execution since early 2022, EnLink has repurchased approximately 42 million units, which represents approximately 9% of total outstanding units at the end of 2021. GIP will also participate in the 2024 unit repurchases through its execution of a Unit Repurchase Agreement for 2024.</p>
<p><strong>Increased Quarterly Distribution for Fourth Quarter of 2023&nbsp;</strong><br />
The Board declared a cash distribution of $0.1325 per common unit for the fourth quarter of 2023, which represents an increase of approximately 6% from the third quarter 2023 distribution. The fourth quarter 2023 cash distribution will be paid on February 9, 2024, to unitholders of record on January 29, 2024.</p>


Enlink Midstream Board Authorized New $200M Unit Repurchase Plan For 2024;Increased Quarterly Distribution For Q4 Of 2023 To $0.1325 Per Common Unit

<p>UBS  analyst Shneur Gershuni   maintains EnLink Midstream (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENLC#NYSE">ENLC</a>) with a Buy and lowers the price target from $15 to $14.</p>


UBS Maintains Buy on EnLink Midstream, Lowers Price Target to $14

<p>EnLink Midstream (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENLC#NYSE">ENLC</a>) reported quarterly earnings of $0.10 per share which missed the analyst consensus estimate of $0.13 by 23.08 percent. This is a 41.18 percent decrease over earnings of $0.17 per share from the same period last year.  The company reported quarterly sales of $1.75 billion which missed the analyst consensus estimate of $2.05 billion by 14.83 percent.  This is a 34.46 percent decrease over sales of $2.66 billion the same period last year.</p>


EnLink Midstream Q3 Adj EPS $0.10 Misses $0.13 Estimate, Sales $1.75B Miss $2.05B Estimate

<p>Wednesday marks the last chance for investors to receive the next  dividend payout from <strong>EnLink Midstream</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENLC#NYSE">ENLC</a>). </p>
<h3>What's Happening</h3>
<p>The company announced on Tuesday that it would pay shareholders a quarterly dividend of 12.5 cents per share. On Thursday, EnLink Midstream will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 12.5 cents lower than it would have opened on any other day.</p>
<p>In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Thursday. Shareholders who own ENLC as of the end of Wednesday's session are eligible to receive the 12.5 cents dividend payout for every share that they own. </p>
<p>According to the company, this dividend will be paid out to shareholders on November 10, 2023. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. </p>
<p>To keep track of which companies are distributing dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar. </p>


EnLink Midstream's Ex-Dividend Date Is Thursday, Here's What You Need To Know

<p>Analysts have provided the following ratings for EnLink Midstream (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENLC#NYSE">ENLC</a>) within the last quarter: </p>
<table>
<thead>
<tr>
<th></th>
<th align="right"><strong>Bullish</strong></th>
<th align="right"><strong>Somewhat Bullish</strong></th>
<th align="right"><strong>Indifferent</strong></th>
<th align="right"><strong>Somewhat Bearish</strong></th>
<th align="right"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td align="right">2</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
<p>In the last 3 months, 4 analysts have offered 12-month price targets for EnLink Midstream. The company has an average price target of $14.75 with a high of $17.00 and a low of $13.00. </p>
<p>Below is a summary of how these 4 analysts rated EnLink Midstream over the past 3 months. The greater the number of bullish ratings, the more positive analysts are on the stock and the greater the number of bearish ratings, the more negative analysts are on the stock</p>
<p><img src="https://www.benzinga.com/files/images/story/2023/1696539649_0.png" alt="price target chart" /></p>
<p>This average price target has increased by 0.55% over the past month.</p>
<p><a href="https://www.benzinga.com/quote/ENLC/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on EnLink Midstream analyst ratings.</strong></a></p>
<h1>What Are Analyst Ratings?</h1>
<p>Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.</p>
<p>Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.</p>
<p>Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


The Latest Analyst Ratings for EnLink Midstream

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