EnLink Midstream LLC (ENLC)

Post Reply
dan_s
Posts: 34463
Joined: Fri Apr 23, 2010 8:22 am

EnLink Midstream LLC (ENLC)

Post by dan_s »

We will be publishing an updated profile on ENLC on April 5.

In the last 3 months, 4 ranked analysts set 12-month price targets for ENLC that range from $13.00 to $16.00 per unit. The average price target among the analysts is $14.00.

ENLC is now a C-Corp. that should be able to increase dividends by 5% to 8% per year through at least 2021. DCF coverage is way above the $0.275/share dividend that they paid in February.

Based on the most recent dividend, the annual yield is 8.6615% based on the April 4th closing price of $12.70 per share.
Dan Steffens
Energy Prospectus Group
Post Reply