Enlink Midstream LLC (NYSE: ENLC) has seen a rise in its stock price by 0.16 in relation to its previous close of 12.71. However, the company has experienced a 4.09% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2023-10-31 that 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.
Is It Worth Investing in Enlink Midstream LLC (NYSE: ENLC) Right Now?
The price-to-earnings ratio for Enlink Midstream LLC (NYSE: ENLC) is above average at 19.96x, while the 36-month beta value is 2.35.Analysts have differing opinions on the stock, with 6 analysts rating it as a “buy,” 1 as “overweight,” 5 as “hold,” and 0 as “sell.”
The average price point forecasted by analysts for Enlink Midstream LLC (ENLC) is $14.25, which is $1.52 above the current market price. The public float for ENLC is 231.32M, and currently, short sellers hold a 5.20% ratio of that floaft. The average trading volume of ENLC on November 16, 2023 was 2.19M shares.
ENLC’s Market Performance
ENLC’s stock has seen a 4.09% increase for the week, with a 0.24% rise in the past month and a 7.43% gain in the past quarter. The volatility ratio for the week is 2.10%, and the volatility levels for the past 30 days are at 2.63% for Enlink Midstream LLC The simple moving average for the past 20 days is 2.20% for ENLC’s stock, with a 12.81% simple moving average for the past 200 days.
ENLC Trading at 2.67% from the 50-Day Moving Average
After a stumble in the market that brought ENLC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -6.26% of loss for the given period.
Volatility was left at 2.63%, however, over the last 30 days, the volatility rate increased by 2.10%, as shares sank -0.16% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.74% upper at present.
During the last 5 trading sessions, ENLC rose by +4.09%, which changed the moving average for the period of 200-days by +0.08% in comparison to the 20-day moving average, which settled at $12.45. In addition, Enlink Midstream LLC saw 3.50% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at ENLC starting from Brooks Alaina K, who sale 35,023 shares at the price of $12.00 back on Aug 11. After this action, Brooks Alaina K now owns 465,486 shares of Enlink Midstream LLC, valued at $420,276 using the latest closing price.
Brooks Alaina K, the EVP, CL&AO, and Secretary of Enlink Midstream LLC, sale 40,210 shares at $12.05 during a trade that took place back on Aug 10, which means that Brooks Alaina K is holding 500,509 shares at $484,530 based on the most recent closing price.
Stock Fundamentals for ENLC
Current profitability levels for the company are sitting at:
- +6.98 for the present operating margin
- +8.30 for the gross margin
The net margin for Enlink Midstream LLC stands at +3.79. The total capital return value is set at 8.78, while invested capital returns managed to touch 6.10. Equity return is now at value 25.77, with 3.34 for asset returns.
Based on Enlink Midstream LLC (ENLC), the company’s capital structure generated 368.64 points at debt to equity in total, while total debt to capital is 78.66. Total debt to assets is 51.42, with long-term debt to equity ratio resting at 366.63. Finally, the long-term debt to capital ratio is 78.23.
When we switch over and look at the enterprise to sales, we see a ratio of 1.50, with the company’s debt to enterprise value settled at 0.39. The receivables turnover for the company is 12.59 and the total asset turnover is 1.04. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.12.
In a nutshell, Enlink Midstream LLC (ENLC) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.