Enlink Midstream LLC (NYSE: ENLC)’s stock price has increased by 0.79 compared to its previous closing price of 15.21. However, the company has seen a -1.10% decrease in its stock price over the last five trading sessions. prnewswire.com reported 2024-11-12 that TULSA, Okla., Nov. 12, 2024 /PRNewswire/ — ONEOK, Inc. (NYSE: OKE) will participate in the BofA Securities Global Energy Conference on Nov. 13, 2024, in Houston.
Is It Worth Investing in Enlink Midstream LLC (NYSE: ENLC) Right Now?
The price-to-earnings ratio for Enlink Midstream LLC (NYSE: ENLC) is 66.54x, which is above its average ratio. Moreover, the 36-month beta value for ENLC is 2.37. Analysts have varying opinions on the stock, with 2 analysts rating it as a “buy,” 1 as “overweight,” 11 as “hold,” and 1 as “sell.”
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The public float for ENLC is 254.76M and currently, short sellers hold a 4.54% of that float. On November 15, 2024, ENLC’s average trading volume was 2.14M shares.
ENLC’s Market Performance
The stock of Enlink Midstream LLC (ENLC) has seen a -1.10% decrease in the past week, with a 4.93% rise in the past month, and a 15.00% gain in the past quarter. The volatility ratio for the week is 1.97%, and the volatility levels for the past 30 days are at 1.71% for ENLC. The simple moving average for the last 20 days is 2.11% for ENLC stock, with a simple moving average of 13.02% for the last 200 days.
Analysts’ Opinion of ENLC
Mizuho, 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 “Neutral” according to the report published on October 31st, 2024.
UBS gave a rating of “Neutral” to ENLC, setting the target price at $16 in the report published on September 30th of the current year.
ENLC Trading at 3.96% 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 -2.17% of loss for the given period.
Volatility was left at 1.71%, however, over the last 30 days, the volatility rate increased by 1.97%, as shares surge +5.00% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.13% upper at present.
During the last 5 trading sessions, ENLC fell by -1.10%, which changed the moving average for the period of 200-days by +27.11% in comparison to the 20-day moving average, which settled at $15.01. In addition, Enlink Midstream LLC saw 26.07% 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
- 0.35 for the gross margin
The net margin for Enlink Midstream LLC stands at 0.02. The total capital return value is set at 0.1. Equity return is now at value 10.36, with 1.18 for asset returns.
Based on Enlink Midstream LLC (ENLC), the company’s capital structure generated 0.73 points at debt to capital in total, while cash flow to debt ratio is standing at 0.22. The debt to equity ratio resting at 2.68. The interest coverage ratio of the stock is 2.3.
Currently, EBITDA for the company is 1.37 billion with net debt to EBITDA at 2.23. When we switch over and look at the enterprise to sales, we see a ratio of 1.77. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.42.
Conclusion
To wrap up, the performance of Enlink Midstream LLC (ENLC) has been better in recent times. The stock has received a bullish of “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.
