EnLink Midstream LLC (NYSE:ENLC) saw an upside of 2.67% to close Monday at $7.68 after adding $0.2 on the day. The 5-day average trading volume is 1,637,020 shares of the company’s common stock. It has gained $7.74 in the past week. An average of 3,131,670 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,332,676.
ENLC’s 1-month performance is 26.94% or $1.63 on its low of $6.05 reached on 09/13/21. The company’s shares have touched a 52-week low of $2.48 and high of $7.49, with the stock’s rally to the 52-week high happening on 10/11/21. YTD, ENLC has achieved 107.01% or $3.97. However, the current price is up 2.54%% from the 52-week high price.
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On May 07, 158 days have gone by since the last insider trading activity for EnLink Midstream LLC (ENLC). GOLDMAN SACHS GROUP INC (10% Owner) most recently sold 4,952 shares at $4.77 per share on May 07. This transaction cost the insider $23,621. 10% Owner, WSIP Egypt Holdings, LP, sold 4,952 shares at a price of $4.77 on May 07.
EnLink Midstream LLC (ENLC) has a trailing price-to-earnings (P/E) ratio of 18.90 for the broader industry and 19.63 for the sector. The company’s PE ratio for the last five years has touched a high of 4670.12 and a low of 6.708. ENLC stock has a beta of 3.21. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.78 while the price-to-book (PB) in the most recent quarter is 2.72, with the price to cash flow ratio at 7.74.
EnLink Midstream LLC pays an annual dividend of $0.38 per share. Its dividend yield is 4.95%. ENLC’s most recent quarterly dividend payment was made on Aug. 13, when it paid $0.0938 a share compared with prior rate of $0.0938, down 0.0% from last year’s. The company has boosted its dividend for the last 1 consecutive years with the latest dividend decrease of $0.0003 reported on Wednesday January 20 2021. Measured over the last 3 years, the Dividend has been growing by -54.04% yearly.
It is projected that EnLink Midstream LLC’s next ex-dividend date will be on 29-Oct. ENLC is expected to distribute $0.0938 as its next dividend.
EnLink Midstream LLC’s quick ratio for the period ended June 29 was 0.70, with the current ratio over the same period at 0.80 meaning that ENLC stock is not able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 3.04, while the total debt to equity was 3.22. In terms of profitability, the gross margin trailing 12 months is 30.60%. The trailing 12-month EBITDA margin is 26.82% while for the period ending June 29; EnLink Midstream LLC’s operating margin was 7.50%. The firm’s gross profit as reported stood at $18.0 million against revenue of $3.89 billion.
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected ENLC to announce $0.01 per share in earnings in its latest quarter, but it posted -$0.04, representing a -500.00% surprise. EBITDA for the quarter stood at more than $236.3 million. ENLC stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 5.47 billion, with total debt at $4.57 billion. Shareholders hold equity totaling $488.62 million
Let’s look briefly at EnLink Midstream LLC (ENLC) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 73.74% to suggest the stock is trending Overbought, with historical volatility in this time period at 40.94%.
The stock’s 5-day moving average is $7.33, reflecting a +6.96% or $0.50 change from its current price. ENLC is currently trading +19.81% above its 20-day SMA, +60.00% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +37.88% and +102.64% respectively.
Stochastic %K and %D was 92.66% and 84.57% and the average true range (ATR) pointed at 0.31. The RSI (14) points at 71.22%, while the 14-day stochastic is at 95.04% with the period’s ATR at 0.30. The stock’s 9-day MACD Oscillator is pointing at 0.28 and 0.41 on the 14-day charts.
In the most recent analyst report for EnLink Midstream LLC (NYSE: ENLC), Raymond James upgraded it to an Outperform rating. They previously had a Mkt perform rating on the stock. Analysts offering their rating for ENLC stock have a consensus rating for the stock as Hold. Currently, 3 brokerage advisors rate ENLC as a “sell,”, while 5 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 1 have offered a “buy” rating.
What is ENLC’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $5.00 and a high of $9.50, with their median price target at $6.00. Looking at these predictions, the average price target given by analysts is for EnLink Midstream LLC (ENLC) stock is $6.55.