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.
A number of analysts gave price targets for ENLC. The most optimistic price target was 21, implying a possible profit of 17.32 percent. The most pessimistic price target was 15, implying potential capital losses of -16.2 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.
In the last 30 days, analysts have changed their quarterly earnings estimates downwards by an average of -6.25 percent. That number becomes -24.75 percent if we expand the time horizon to include the past 3 months instead of just one. On the other hand, earnings estimates for the fiscal year have been revised downwards by -10.99 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of -28.71 percent in FY estimates.
People are often interested in whether analysts were united in the direction of their revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, which can be compared to the 1 analysts that decreased their estimates. Also over the last month, 0 analysts increased their estimates for the FY earnings, while 2 analysts decreased their estimates.
In the last 52-weeks, ENLC has achieved a high of 20.45 and a low of 14.70. Currently the stock is 21.77 percent higher than its low, and 12.47 percent below the high. ENLC has a price/earnings 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 market cap of ENLC is $3.23 billion. ENLC's next earnings release will be on 0000-00-00, which is days away.