In the past week, ENLC stock has gone down by -4.95%, with a monthly decline of -4.52% and a quarterly surge of 2.42%. The volatility ratio for the week is 2.39%, and the volatility levels for the last 30 days are 2.32% for Enlink Midstream LLC The simple moving average for the past 20 days is -4.60% for ENLC’s stock, with a 6.90% simple moving average for the past 200 days.
Is It Worth Investing in Enlink Midstream LLC (NYSE: ENLC) Right Now?
Enlink Midstream LLC (NYSE: ENLC) has a higher price-to-earnings ratio of 64.24x compared to its average ratio. ENLC has 36-month beta value of 2.36. Analysts have mixed views on the stock, with 2 analysts rating it as a “buy,” 0 as “overweight,” 10 as “hold,” and 0 as “sell.”
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The public float for ENLC is 254.74M, and currently, short sellers hold a 3.63% ratio of that float. The average trading volume of ENLC on December 10, 2024 was 2.19M shares.
ENLC) stock’s latest price update
Enlink Midstream LLC (NYSE: ENLC) has experienced a decline in its stock price by -3.46 compared to its previous closing price of 15.33. However, the company has seen a fall of -4.95% in its stock price over the last five trading days. seekingalpha.com reported 2024-11-27 that ONEOK’s stock dropped 5% after announcing a $4.3 billion all-stock acquisition of the remaining 57% of EnLink Midstream, a move anticipated by the market. Despite recent gains, ONEOK still warrants a marginal ‘buy’ rating due to expected synergies and significant cash flows from recent acquisitions. ONEOK’s valuation is mid-tier compared to peers, but its low net leverage ratio and focus on dividends and buybacks make it a quality prospect.
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 -1.89% 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 -9.76% of loss for the given period.
Volatility was left at 2.32%, however, over the last 30 days, the volatility rate increased by 2.39%, as shares sank -2.70% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.00% upper at present.
During the last 5 trading sessions, ENLC fell by -4.95%, which changed the moving average for the period of 200-days by +20.03% in comparison to the 20-day moving average, which settled at $15.51. In addition, Enlink Midstream LLC saw 21.71% 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 0.1. 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 1.34 billion with net debt to EBITDA at 3.78. When we switch over and look at the enterprise to sales, we see a ratio of 1.74. The receivables turnover for the company is 12.13for trailing twelve months and the total asset turnover is 0.85. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.42.
Conclusion
To put it simply, Enlink Midstream LLC (ENLC) has had a mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
