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.

Several price targets were given for ENLC by the analysts covering the stock. The highest price target was 21, implying a possible profit of 17.32 percent. The most pessimistic analyst gave a price target of 15, implying potential capital losses 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.

Analysts have revised their earnings estimates downwards for this quarter, by about -6.25 percent on average, compared to last month. This can be compared with the average change in earnings estimates over the past 3 months, which is -24.75 percent. On the other hand, earnings estimates for the fiscal year have been revised downwards by -10.99 percent, as compared to a month ago. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -28.71 percent.

Another thing investors often look at is the level of agreement among analysts' revisions. Over the past month, 0 analysts increased their quarterly estimates, while 1 analysts revised their estimates downwards. Over the same time period, 0 analysts revised their FY earnings estimates upwards, while 2 analysts decreased their estimates.

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 12.47 percent lower than its 52-week 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.