The price-to-earnings ratio for Enlink Midstream LLC (NYSE: ENLC) is above average at 31.13x, Company’s 36-month beta value is 2.34.Analysts have differing opinions on the stock, with 2 analysts rating it as a “buy,” 1 as “overweight,” 11 as “hold,” and 1 as “sell.”
The public float for ENLC is 224.99M, and currently, short sellers hold a 5.15% ratio of that floaft. The average trading volume of ENLC on April 25, 2024 was 1.92M shares.
ENLC) stock’s latest price update
Enlink Midstream LLC (NYSE: ENLC)’s stock price has increased by 1.25 compared to its previous closing price of 13.61. However, the company has seen a 2.61% increase in its stock price over the last five trading sessions. 24/7 Wall Street reported 2024-04-21 that Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
ENLC’s Market Performance
Enlink Midstream LLC (ENLC) has seen a 2.61% rise in stock performance for the week, with a 3.77% gain in the past month and a 13.60% surge in the past quarter. The volatility ratio for the week is 2.17%, and the volatility levels for the past 30 days are at 1.94% for ENLC. The simple moving average for the last 20 days is 1.03% for ENLC stock, with a simple moving average of 10.81% for the last 200 days.
Analysts’ Opinion of ENLC
Many brokerage firms have already submitted their reports for ENLC stocks, with Citigroup repeating the rating for ENLC by listing it as a “Buy.” The predicted price for ENLC in the upcoming period, according to Citigroup is $16 based on the research report published on April 16, 2024 of the current year 2024.
CapitalOne, on the other hand, stated in their research note that they expect to see ENLC reach a price target of $15. The rating they have provided for ENLC stocks is “Overweight” according to the report published on March 22nd, 2024.
ENLC Trading at 6.01% 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 -2.79% of loss for the given period.
Volatility was left at 1.94%, however, over the last 30 days, the volatility rate increased by 2.17%, as shares surge +3.38% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.93% upper at present.
During the last 5 trading sessions, ENLC rose by +2.61%, which changed the moving average for the period of 200-days by +25.73% in comparison to the 20-day moving average, which settled at $13.66. In addition, Enlink Midstream LLC saw 13.32% 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 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.
