Enlink Midstream LLC (ENLC) Beta Value: Understanding the Market Risk

The price-to-earnings ratio for Enlink Midstream LLC (NYSE: ENLC) is above average at 30.98x. The 36-month beta value for ENLC is also noteworthy at 2.36. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 1 rating it as “overweight,” 11 rating it as “hold,” and 1 rating it as “sell.”

The public float for ENLC is 224.99M, and at present, short sellers hold a 5.30% of that float. The average trading volume of ENLC on April 03, 2024 was 1.96M shares.

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ENLC) stock’s latest price update

Enlink Midstream LLC (NYSE: ENLC) has seen a rise in its stock price by 0.37 in relation to its previous close of 13.66. However, the company has experienced a 3.24% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-02-20 that Although the revenue and EPS for EnLink Midstream (ENLC) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

ENLC’s Market Performance

Enlink Midstream LLC (ENLC) has experienced a 3.24% rise in stock performance for the past week, with a 8.12% rise in the past month, and a 12.75% rise in the past quarter. The volatility ratio for the week is 1.68%, and the volatility levels for the past 30 days are at 1.96% for ENLC. The simple moving average for the last 20 days is 5.46% for ENLC stock, with a simple moving average of 12.68% for the last 200 days.

Analysts’ Opinion of ENLC

Many brokerage firms have already submitted their reports for ENLC stocks, with CapitalOne repeating the rating for ENLC by listing it as a “Overweight.” The predicted price for ENLC in the upcoming period, according to CapitalOne is $15 based on the research report published on March 22, 2024 of the current year 2024.

UBS gave a rating of “Buy” to ENLC, setting the target price at $14 in the report published on June 26th of the previous year.

ENLC Trading at 10.09% 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 -1.90% of loss for the given period.

Volatility was left at 1.96%, however, over the last 30 days, the volatility rate increased by 1.68%, as shares surge +8.72% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +18.70% upper at present.

During the last 5 trading sessions, ENLC rose by +3.24%, which changed the moving average for the period of 200-days by +34.54% in comparison to the 20-day moving average, which settled at $13.06. In addition, Enlink Midstream LLC saw 12.75% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at ENLC starting from Lamb Benjamin D, who sale 250,552 shares at the price of $12.08 back on Feb 28 ’24. After this action, Lamb Benjamin D now owns 534,000 shares of Enlink Midstream LLC, valued at $3,026,668 using the latest closing price.

Rossbach Jan Philipp, the VP & Chief Accounting Officer of Enlink Midstream LLC, sale 50,000 shares at $12.32 during a trade that took place back on Feb 23 ’24, which means that Rossbach Jan Philipp is holding 58,410 shares at $616,000 based on the most recent closing price.

Stock Fundamentals for ENLC

Current profitability levels for the company are sitting at:

  • -0.16 for the present operating margin
  • 0.2 for the gross margin

The net margin for Enlink Midstream LLC stands at 0.04. The total capital return value is set at -0.15. Equity return is now at value 17.87, with 2.23 for asset returns.

Based on Enlink Midstream LLC (ENLC), the company’s capital structure generated 1.0 points at debt to capital in total, while cash flow to debt ratio is standing at 0.27. The debt to equity ratio resting at 6567.29. The interest coverage ratio of the stock is -151.03.

Currently, EBITDA for the company is 1.34 billion with net debt to EBITDA at 2.2. When we switch over and look at the enterprise to sales, we see a ratio of 1.57. The receivables turnover for the company is 10.31for trailing twelve months and the total asset turnover is 0.83. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.84.

Conclusion

In summary, Enlink Midstream LLC (ENLC) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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