Q1 2019 Earnings Estimate for EnLink Midstream LLC Issued By US Capital Advisors (ENLC)

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EnLink Midstream LLC (NYSE:ENLC) – US Capital Advisors decreased their Q1 2019 earnings estimates for EnLink Midstream in a research note issued to investors on Monday, March 18th. US Capital Advisors analyst J. Carreker now anticipates that the pipeline company will earn $0.01 per share for the quarter, down from their previous forecast of $0.03. US Capital Advisors also issued estimates for EnLink Midstream’s Q2 2019 earnings at $0.04 EPS, Q3 2019 earnings at $0.07 EPS, Q4 2019 earnings at $0.08 EPS, FY2019 earnings at $0.19 EPS, Q1 2020 earnings at $0.06 EPS, Q2 2020 earnings at $0.07 EPS, Q3 2020 earnings at $0.08 EPS, Q4 2020 earnings at $0.09 EPS and FY2020 earnings at $0.29 EPS.

EnLink Midstream (NYSE:ENLC) last announced its quarterly earnings data on Tuesday, February 19th. The pipeline company reported ($0.34) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.51). The business had revenue of $2.06 billion during the quarter, compared to analyst estimates of $2.12 billion. EnLink Midstream had a negative net margin of 0.17% and a negative return on equity of 0.25%.

Several other equities research analysts have also weighed in on ENLC. Zacks Investment Research upgraded shares of EnLink Midstream from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a report on Wednesday, March 13th. Citigroup assumed coverage on shares of EnLink Midstream in a report on Tuesday, March 12th. They issued a “buy” rating and a $13.00 target price on the stock. Stifel Nicolaus assumed coverage on shares of EnLink Midstream in a report on Friday, February 8th. They issued a “buy” rating and a $13.00 target price on the stock. Mitsubishi UFJ Financial Group upgraded shares of EnLink Midstream from a “neutral” rating to an “overweight” rating in a report on Wednesday, February 20th. Finally, Jefferies Financial Group upgraded shares of EnLink Midstream from a “hold” rating to a “buy” rating in a report on Thursday, December 20th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $16.57.

ENLC opened at $12.01 on Wednesday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $5.82 billion, a price-to-earnings ratio of -171.57, a PEG ratio of 9.02 and a beta of 2.27. EnLink Midstream has a twelve month low of $8.90 and a twelve month high of $18.40.

In other news, major shareholder Goldman Sachs Group Inc acquired 24,791 shares of the firm’s stock in a transaction dated Friday, February 1st. The stock was bought at an average price of $10.86 per share, with a total value of $269,230.26. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 1.45% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Tortoise Capital Advisors L.L.C. raised its stake in EnLink Midstream by 15.7% in the 4th quarter. Tortoise Capital Advisors L.L.C. now owns 5,908,479 shares of the pipeline company’s stock worth $56,071,000 after purchasing an additional 801,913 shares in the last quarter. Citigroup Inc. increased its holdings in EnLink Midstream by 37.7% in the 4th quarter. Citigroup Inc. now owns 2,392,627 shares of the pipeline company’s stock valued at $22,705,000 after buying an additional 655,275 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new position in EnLink Midstream in the 3rd quarter valued at about $10,750,000. Kayne Anderson Capital Advisors LP increased its holdings in EnLink Midstream by 229.9% in the 4th quarter. Kayne Anderson Capital Advisors LP now owns 906,700 shares of the pipeline company’s stock valued at $8,596,000 after buying an additional 631,900 shares during the period. Finally, Zimmer Partners LP bought a new position in EnLink Midstream in the 4th quarter valued at about $3,760,000. 33.57% of the stock is owned by institutional investors.

EnLink Midstream Company Profile

EnLink Midstream, LLC focuses on providing midstream energy services in the United States. It operates through Texas, Oklahoma, Louisiana, and Crude and Condensate segments. The company 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.

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Earnings History and Estimates for EnLink Midstream (NYSE:ENLC)

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