Morgan Stanley Boosts EnLink Midstream Price Target to $18.00

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Enlink Midstream Intrinsic Stock Value – ENLINK ($NYSE:ENLC): EnLink Midstream is a publicly traded master limited partnership that focuses on providing integrated midstream services to the energy industry. The company’s core businesses include natural gas gathering, processing and transportation, crude oil gathering and transportation, and condensate gathering and stabilization. With operations located in Texas, Oklahoma, Louisiana, New Mexico and Wyoming, EnLink Midstream is well-positioned to capitalize on the growth of domestic energy production. Overall, the increased price target from Morgan Stanley provides a vote of confidence in EnLink Midstream’s future prospects.

The company has been executing on its strategic plans in a disciplined manner, and investors should be encouraged by the potential upside that this could bring. With a strong financial position and a focus on cost optimization, EnLink Midstream is well-positioned to continue to generate value for its shareholders in the years ahead.

Market Price

Following the announcement, ENLINK MIDSTREAM opened at $12.7 and closed at $12.8, up by 1.9% from last closing price of 12.6. This indicated a strong investor sentiment in the stock and suggests that the price could further go up in future. The reason behind the upgrade is Morgan Stanley’s positive outlook on the stock. The financial giant believes that the company’s cost-cutting measures and increasing organic growth opportunities will help it to generate higher returns in coming quarters. It also expects EnLink Midstream to benefit from its strategic investments in the midstream sector and continue to deliver strong returns for investors. EnLink Midstream has been able to keep its operating costs low by streamlining its operations and investing in new technologies and equipment. The company is also making strategic investments in midstream infrastructure projects to increase its market share and capture new opportunities.

In addition, the firm has been expanding its presence in the Permian Basin, which is one of the most active shale plays in the US. Overall, Morgan Stanley’s upgrade of ENLINK MIDSTREAM indicates that the company’s prospects look bright in coming quarters. The financial giant believes that the company’s cost-cutting measures and strategic investments will help it to generate higher returns in future. Investors should take note of this upgrade and consider adding the stock to their portfolios. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Enlink Midstream. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Enlink Midstream. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Enlink Midstream. More…

Key Ratios Snapshot

Some of the financial key ratios for Enlink Midstream are shown below. More…

VI Analysis – Enlink Midstream Intrinsic Stock Value

Company fundamentals are an important indicator of its long term potential, and the VI App makes it easy to analyze the fundamentals of ENLINK MIDSTREAM. According to the VI Line, the intrinsic value of ENLINK MIDSTREAM shares is estimated to be around $9.5. However, currently the stock is trading at $12.8, which is a 35% overvaluation. This means that although the company has potential in the long term, its current stock price may not be justified and investors should be cautious of investing in it at this time. More…

VI Peers

The company has a large network of pipelines and facilities that span across the United States. EnLink Midstream LLC is a publicly traded company that is headquartered in Dallas, Texas. The company was founded in 2014 and it is a subsidiary of Devon Energy Corporation. EnLink Midstream LLC operates through two business segments: EnLink Gathering & Processing and EnLink Transportation. The company has a workforce of over 2,000 employees. EnLink Midstream LLC’s main competitors are Fluxys Belgium SA, Hess Midstream LP, and Kinetik Holdings Inc. These companies are all similar to EnLink Midstream LLC in that they are involved in the transportation and processing of crude oil and natural gas.

– Fluxys Belgium SA ($LTS:0Q7U)

Fluxys Belgium SA is a leading provider of gas transportation and storage services in Belgium. The company has a market capitalization of 2.23 billion and a return on equity of 14.4%. Fluxys Belgium SA is the largest provider of natural gas storage services in Belgium and one of the largest providers of gas transportation services in the country. The company operates a network of gas pipelines and storage facilities that span over 2,000 kilometers.

– Hess Midstream LP ($NYSE:HESM)

Hess Midstream LP is a midstream energy company that owns, operates, develops and acquires pipelines and other midstream assets. The company has a market cap of 1.2B as of 2022 and a Return on Equity of 208.88%. The company’s assets are located in the Bakken Shale in North Dakota and the Permian Basin in Texas. Hess Midstream LP is engaged in the transportation, storage and processing of crude oil and natural gas. The company’s pipelines transport crude oil and natural gas from production areas to refining centers and end-use markets.

Summary

EnLink Midstream is a midstream energy company providing transportation, storage, gathering, and processing of natural gas and crude oil. Analysts at Morgan Stanley have recently raised their price target for EnLink Midstream to $18.00 per share, citing the company’s strong balance sheet, attractive asset portfolio, and cost control initiatives. The analyst notes that the company is well-positioned to benefit from continued production growth in the Permian Basin and other areas. As such, they recommend that investors take advantage of the current share price and add it to their portfolios.