EnLink Midstream LLC (ENLC) Update - May 23

EnLink Midstream LLC (ENLC) Update - May 23

Postby dan_s » Sun May 23, 2021 3:04 pm

I have updated my forecast/valuation model for ENLC and posted it to the EPG website.

YTD ENLC has gone from $3.65 to $5.00, where it closed on May 21.
Based on my forecast, this C-Corp. should easily beat the high end of their 2021 EBITDA guidance of $940 to $1,000 million.
In addition to maintaining their quarterly dividend at $0.09375 for annual yield of 7.5%, EnLink paid down their debt by $100 million in Q1.
My valuation TODAY is $5.50
Per TipRanks the last two analysts to update their price targets are
$6.00 by UBS on 4-22-2021
$5.00 by Wells Fargo on 5-13-2021
Dan Steffens
Energy Prospectus Group
Posts: 25566
Joined: Fri Apr 23, 2010 8:22 am

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