EnLink Midstream, LLC [ENLC] Stock Forecast

The commodity cycle is in full steam ahead mode, with one of the biggest markets (oil) taking the spotlight. Now that the Saudis have reiterated their commitment for OPEC to implement production cuts next year, which is a development that analysts at Goldman Sachs NYSE: GS are counting on to be proven right on their $100 a barrel targets.

Exxon recently spent nearly $5 billion to bulk up its carbon dioxide infrastructure capabilities. EnLink Midstream believes carbon transportation could boost its earnings by 25% with minimal capital investment.

The headline numbers for EnLink Midstream (ENLC) give insight into how the company performed in the quarter ended September 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

EnLink's stock has entered a long-term trading range between $8.50 and $13.50 per unit. The company plans to invest $1.5 billion in CCUS projects over the next 7 years to meet growing demand. EnLink has signed a transportation service agreement with Exxon Mobil to move CO2 captured from CF Industries and Nucor Steel to a sequestration site in Louisiana.

EnLink Midstream operates in hydrocarbon-rich basins in the south central US, including the Anadarko and Permian basins. The company's low yield of 4.00% is a drawback compared to its peers in the midstream sector. EnLink Midstream's growth potential lies in its carbon capture and storage technology, which has driven its strong market performance.

EnLink Midstream (ENLC) came out with quarterly earnings of $0.12 per share, beating the Zacks Consensus Estimate of $0.11 per share. This compares to earnings of $0.17 per share a year ago.

EnLink Midstream (ENLC) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

EnLink Could generate an additional $300 million of income from carbon capture solutions by 2030. It's one of several pipeline companies working on projects to capture the potentially massive opportunity.

EnLink's EBITDA growth is dependent on finding enough projects or acquisitions that meet their investment threshold, with potential growth in the LNG export market. The massive LNG buildout in the US will have profound implications for Enlink and other midstream companies, with the potential for increased firm transportation fees and storage capacity expansion. ENLC's future looks bright with a recommendation to buy in the $9-10/unit price range, as their assets in Louisiana, Oklahoma, and the Barnett region will benefit from the increased demand for natural gas.

Energy midstream companies will produce a lot more excess free cash over the next five years. That will give them more money to return to investors via even higher dividends and share repurchases.

EnLink Midstream, LLC is a US stock , located in Dallas of Tx and trading under the symbol ENLC

7 stock analysts have 7 predictions with a medium analyst target price of $12.14. The lowest prediction is $9 and the highest is $18

EnLink Midstream, LLC stock price is $12.485 today.

Yes, EnLink Midstream, LLC is a publicly traded company.