EnLink Midstream (ENLC) to Release Earnings on Tuesday

EnLink Midstream (NYSE:ENLC) is projected to release its earnings data before the market opens on Tuesday, February 18th. Analysts expect EnLink Midstream to post earnings of $0.22 per share and revenue of $2.04 billion for the quarter.

EnLink Midstream Trading Up 2.9 %

Shares of EnLink Midstream stock opened at $14.56 on Friday. EnLink Midstream has a 1 year low of $11.55 and a 1 year high of $16.40. The company has a debt-to-equity ratio of 2.30, a quick ratio of 0.42 and a current ratio of 0.42. The company’s fifty day moving average is $14.52 and its two-hundred day moving average is $14.48. The company has a market capitalization of $6.65 billion, a P/E ratio of 69.33 and a beta of 2.43.

Wall Street Analyst Weigh In

ENLC has been the subject of several research reports. US Capital Advisors downgraded shares of EnLink Midstream from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Royal Bank of Canada reiterated a “sector perform” rating and set a $15.00 price objective on shares of EnLink Midstream in a research note on Thursday, November 21st. StockNews.com initiated coverage on shares of EnLink Midstream in a research note on Saturday, February 8th. They set a “hold” rating for the company. Mizuho reiterated a “neutral” rating and set a $15.00 price objective on shares of EnLink Midstream in a research note on Thursday, October 31st. Finally, Raymond James downgraded shares of EnLink Midstream from an “outperform” rating to a “market perform” rating in a research note on Friday, November 8th. Eleven equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, EnLink Midstream presently has a consensus rating of “Hold” and an average price target of $15.40.

About EnLink Midstream

EnLink Midstream, LLC provides midstream energy services in the United States. The company operates through Permian, Louisiana, Oklahoma, North Texas, and Corporate segments. It is involved in gathering, compressing, treating, processing, transporting, storing, and selling natural gas; fractionating, transporting, storing, and selling natural gas liquids; and gathering, transporting, stabilizing, storing, trans-loading, and selling crude oil and condensate, as well as providing brine disposal services.