In the past week, ENLC stock has gone up by 1.56%, with a monthly gain of 1.70% and a quarterly surge of 15.72%. The volatility ratio for the week is 1.48%, and the volatility levels for the last 30 days are 1.36% for Enlink Midstream LLC The simple moving average for the past 20 days is 1.46% for ENLC’s stock, with a 11.20% simple moving average for the past 200 days.
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 46.82x. The 36-month beta value for ENLC is also noteworthy at 2.40. 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.”
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The public float for ENLC is 257.20M, and at present, short sellers hold a 3.19% of that float. The average trading volume of ENLC on November 05, 2024 was 2.32M shares.
ENLC) stock’s latest price update
Enlink Midstream LLC (NYSE: ENLC) has seen a rise in its stock price by 1.56 in relation to its previous close of 14.71. However, the company has experienced a 1.56% gain in its stock price over the last five trading sessions. prnewswire.com reported 2024-10-31 that Completes Acquisition of the Largest Privately Held Crude Oil Gathering and Transportation System in the Permian’s Midland Basin TULSA, Okla., Oct. 31, 2024 /PRNewswire/ — ONEOK, Inc. (NYSE: OKE) today announced the successful completion of its acquisition of Medallion Midstream (Medallion) from Global Infrastructure Partners, for a total cash consideration of approximately $2.6 billion.
Analysts’ Opinion of ENLC
Many brokerage firms have already submitted their reports for ENLC stocks, with Mizuho repeating the rating for ENLC by listing it as a “Neutral.” The predicted price for ENLC in the upcoming period, according to Mizuho is $15 based on the research report published on October 31, 2024 of the current year 2024.
UBS, on the other hand, stated in their research note that they expect to see ENLC reach a price target of $16. The rating they have provided for ENLC stocks is “Neutral” according to the report published on September 30th, 2024.
Morgan Stanley gave a rating of “Equal-Weight” to ENLC, setting the target price at $16 in the report published on September 16th of the current year.
ENLC Trading at 2.92% 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 -0.13% of loss for the given period.
Volatility was left at 1.36%, however, over the last 30 days, the volatility rate increased by 1.48%, as shares surge +1.29% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.50% upper at present.
During the last 5 trading sessions, ENLC rose by +1.56%, which changed the moving average for the period of 200-days by +29.35% in comparison to the 20-day moving average, which settled at $14.73. In addition, Enlink Midstream LLC saw 22.86% 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 Global Infrastructure Investor, who sale 200,340,753 shares at the price of $14.90 back on Oct 15 ’24. After this action, Global Infrastructure Investor now owns 0 shares of Enlink Midstream LLC, valued at $2,985,077,220 using the latest closing price.
Lamb Benjamin D, the EVP and CFO of Enlink Midstream LLC, sale 250,552 shares at $12.08 during a trade that took place back on Feb 28 ’24, which means that Lamb Benjamin D is holding 534,000 shares at $3,026,668 based on the most recent closing price.
Stock Fundamentals for ENLC
Current profitability levels for the company are sitting at:
- 0.09 for the present operating margin
- 0.16 for the gross margin
The net margin for Enlink Midstream LLC stands at 0.02. The total capital return value is set at 0.08. Equity return is now at value 14.08, with 1.69 for asset returns.
Based on Enlink Midstream LLC (ENLC), the company’s capital structure generated 0.84 points at debt to capital in total, while cash flow to debt ratio is standing at 0.23. The debt to equity ratio resting at 5.11. The interest coverage ratio of the stock is 4.98.
Currently, EBITDA for the company is 1.34 billion with net debt to EBITDA at 2.0. When we switch over and look at the enterprise to sales, we see a ratio of 1.7. The receivables turnover for the company is 10.59for trailing twelve months and the total asset turnover is 0.76. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.65.
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.
