ENLC Price Forecast Based on Dividend Discount Model

The Dividend Discount Model (DDM) is a valuation model that attempts to determine a fair share price for a stock, based on the dividend it provides in comparison to several company-specific metrics indicative of the riskiness of the stock and the financial health of the company. As for ENLC, the DDM model generated by StockNews estimates a return of positive 246.57% in comparison to its current price. Some interesting points we thought investors may wish to consider regarding the dividend discount model forecast for EnLink Midstream LLC are:

• Relative to all dividend yielding stocks in our set, ENLC offers a dividend yield in the top 1.53% of stocks in our set.
• Beta tells us how volatile a stock's price is relative to the broader equity index; for EnLink Midstream LLC, its beta is lower than 6.67% of dividend issuing stocks we observed.
• The stock's annual revenue of roughly $4 billion puts it in the mid-sized revenue class, where its estimated gain based on our dividend discount model price relative to its current share price is greater than 93.2% of companies in the same revenue class.

ENLC Dividends vs. Peers