Media coverage about EnLink Midstream (NYSE:ENLC) has trended somewhat positive this week, Accern Sentiment reports. The research group ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. EnLink Midstream earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned media headlines about the pipeline company an impact score of 46.6021932083546 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Several equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $17.00 target price (down from $18.00) on shares of EnLink Midstream in a report on Wednesday. Zacks Investment Research raised EnLink Midstream from a “sell” rating to a “hold” rating in a report on Tuesday. UBS Group reduced their target price on EnLink Midstream from $20.00 to $19.00 and set a “buy” rating on the stock in a report on Friday, March 2nd. Robert W. Baird set a $16.00 price objective on EnLink Midstream and gave the stock a “hold” rating in a research note on Tuesday, February 27th. Finally, Bank of America reduced their price objective on EnLink Midstream from $18.00 to $17.00 and set a “neutral” rating on the stock in a research note on Thursday, February 22nd. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $18.07.
Shares of EnLink Midstream (ENLC) opened at $14.95 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.78 and a current ratio of 0.78. EnLink Midstream has a 52 week low of $14.25 and a 52 week high of $20.00. The firm has a market capitalization of $2,700.00, a P/E ratio of 1,495.00 and a beta of 2.57.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 14th. Shareholders of record on Wednesday, January 31st were paid a dividend of $0.259 per share. This is a boost from EnLink Midstream’s previous quarterly dividend of $0.26. This represents a $1.04 annualized dividend and a yield of 6.93%. The ex-dividend date of this dividend was Tuesday, January 30th. EnLink Midstream’s payout ratio is presently 10,400.00%.
About EnLink Midstream
EnLink Midstream, LLC is an integrated midstream company. The Company’s assets consist of equity interests in EnLink Midstream Partners, LP (the Partnership) and EnLink Oklahoma Gas Processing, LP (EnLink Oklahoma T.O.). The Partnership is engaged in the gathering, transmission, processing and marketing of natural gas and natural gas liquids (NGLs), condensate and crude oil, as well as providing crude oil, condensate and brine services to producers.
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