Ratings for EnLink Midstream (NYSE:ENLC) were provided by 4 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
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.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 2 | 1 | 1 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 0 | 1 | 0 | 0 | 0 |
| 2M Ago | 0 | 0 | 1 | 0 | 0 |
| 3M Ago | 1 | 0 | 0 | 0 | 0 |
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.
Diving into Analyst Ratings: An In-Depth Exploration
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.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Spiro Dounis | Citigroup | Raises | Buy | $16.00 | $13.00 |
| Wade Suki | Capital One | Announces | Overweight | $15.00 | - |
| Jeremy Tonet | JP Morgan | Lowers | Neutral | $14.00 | $15.00 |
| Shneur Gershuni | UBS | Raises | Buy | $15.00 | $14.00 |
Key Insights:
- Action Taken: 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.
- Rating: 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.
- Price Targets: 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.
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.
Stay up to date on EnLink Midstream analyst ratings.
All You Need to Know About 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.
EnLink Midstream's Economic Impact: An Analysis
Market Capitalization Perspectives: 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.
Negative Revenue Trend: Examining EnLink Midstream's financials over 3 months reveals challenges. As of 31 December, 2023, the company experienced a decline of approximately -9.51% 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.
Net Margin: EnLink Midstream's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of 3.5%, the company may face hurdles in effective cost management.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of 6.15%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): EnLink Midstream's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of 0.76%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: EnLink Midstream's debt-to-equity ratio surpasses industry norms, standing at 4.59. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
The Basics of Analyst Ratings
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.
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.
This article was generated by Benzinga's automated content engine and reviewed by an editor.