News coverage about EnLink Midstream (NYSE:ENLC) has been trending somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. EnLink Midstream earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned press coverage about the pipeline company an impact score of 46.0360215920467 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the news stories that may have effected Accern Sentiment’s analysis:
- Comparing EnLink Midstream (ENLC) and USA Compression Partners (USAC) (americanbankingnews.com)
- $1.54 Billion in Sales Expected for EnLink Midstream LLC (ENLC) This Quarter (americanbankingnews.com)
- Zacks: Analysts Anticipate EnLink Midstream LLC (ENLC) Will Announce Earnings of $0.21 Per Share (americanbankingnews.com)
- Top MLP Losses in the Week Ending June 8 (finance.yahoo.com)
- Barclays Analysts Give EnLink Midstream (ENLC) a $15.00 Price Target (americanbankingnews.com)
ENLC has been the subject of a number of analyst reports. Seaport Global Securities set a $14.00 price target on EnLink Midstream and gave the company a “hold” rating in a report on Monday, April 9th. UBS Group reduced their price target on EnLink Midstream from $20.00 to $19.00 and set a “buy” rating for the company in a report on Friday, March 2nd. ValuEngine upgraded EnLink Midstream from a “strong sell” rating to a “sell” rating in a research note on Friday, June 1st. Zacks Investment Research cut EnLink Midstream from a “hold” rating to a “sell” rating in a research note on Tuesday, February 27th. Finally, B. Riley set a $18.00 price objective on EnLink Midstream and gave the company a “hold” rating in a research note on Monday, June 4th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the stock. EnLink Midstream presently has an average rating of “Hold” and a consensus target price of $17.50.
Shares of EnLink Midstream opened at $16.55 on Tuesday, MarketBeat.com reports. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market cap of $2.97 billion, a PE ratio of -331.00 and a beta of 2.51. EnLink Midstream has a twelve month low of $13.80 and a twelve month high of $20.00.
EnLink Midstream (NYSE:ENLC) last announced its quarterly earnings results on Tuesday, May 1st. The pipeline company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.05). The company had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.58 billion. EnLink Midstream had a return on equity of 0.62% and a net margin of 3.68%. The firm’s revenue for the quarter was up 33.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.01) earnings per share. research analysts expect that EnLink Midstream will post 0.87 EPS for the current year.
In other news, CAO Susan J. Mcaden sold 15,023 shares of the stock in a transaction that occurred on Tuesday, May 15th. The stock was sold at an average price of $16.90, for a total transaction of $253,888.70. Following the sale, the chief accounting officer now directly owns 22,944 shares in the company, valued at approximately $387,753.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.24% of the stock is currently owned by corporate insiders.
EnLink Midstream Company Profile
EnLink Midstream, LLC focuses on providing midstream energy services in the United States. It operates through five segments: Texas, Oklahoma, Louisiana, Crude and Condensate, and Corporate. The company is involved in gathering, compressing, treating, processing, transporting, storing, and selling natural gas; fractionating, transporting, storing, exporting, and selling natural gas liquids; and gathering, transporting, stabilizing, storing, and trans-loading crude oil, and condensate.
Receive News & Ratings for EnLink Midstream Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EnLink Midstream and related companies with MarketBeat.com's FREE daily email newsletter.