Analyst Ratings for EnLink Midstream LLC (ENLC)Updated: 2017-07-27
EnLink Midstream LLC (NYSE:ENLC) was awarded an average rating of Hold from investment analysts following the stock. About 30 days ago, ENLC was issued an average rating of Hold.
Of the 15 analysts covering the stock, 1 gave it a buy rating, 1 issued an overweight rating, 10 gave a hold rating, 0 issued an underweight rating, and 3 gave a sell rating. Today, there are 0 more analysts optimistic about the company future as compared with 90 days ago. Over the same time period, there has been an decrease of 2 in the number of analysts with a negative outlook on the stock.
ENLC was given price targets by several analysts. The most optimistic analyst gave a price target of 21, implying potential capital gains of 17.32 percent. The minimum price target given was 15, which equates to a potential downside of -16.2 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of -6.25 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is -24.75 percent. Meanwhile, fiscal year estimates have been revised downwards by -10.99 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of -28.71 percent in FY estimates.
Another thing investors often look at is the level of agreement among analysts' revisions. Over the past month, 0 analysts increased their quarterly estimates, which can be compared to the 1 analysts that decreased their estimates. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, compared to 2 analysts that revised their FY estimates downwards.
ENLC has traded between a high of 20.45 and a low of 14.70 over the past year. The current market price is above the trailing year's low by 21.77 percent, and below the high by 12.47 percent. ENLC has a P/E ratio of 0. Investors typically compare the P/E ratio to a company's peers in the industry. The ENLC value stock report compares ENLC to some of its peers using value stock charts. The stock has a market capitalization of $3.23 billion. ENLC will post this quarters earnings in days, on 0000-00-00.