EnLink Midstream LLC (NYSE:ENLC) finished Wednesday with an addition of $0.23 to close at $7.98, an upside of 2.97 percent. An average of 1,760,620 shares of common stock have been traded in the last five days. There was a gain of $1.00 in the past week. The last 20 days have seen an average of 2,964,785 shares traded, while the 50-day average volume stands at 2,348,424.
ENLC stock has increased by 25.47% in the last month. The company shares reached their 1-month lowest point of $6.12 on 09/20/21. With the stock rallying to its 52-week high on 10/13/21, shares of the company touched a low of $2.48 and a high of $7.86 in 52 weeks. In spite of this, the price is up 1.46% from the 52-week high.
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160 days have passed since EnLink Midstream LLC (ENLC) last reported insider trading activity. GOLDMAN SACHS GROUP INC, who is 10% Owner, most recently acquired $4,952 shares at $4.77 per share on May 07. In this transaction, the insider spent $23,621. 10% Owner, WSIP Egypt Holdings, LP, disposed of 4,952 shares at a price of $4.77 on May 07. The insider now owns more than $23,621 worth of shares.
EnLink Midstream LLC (ENLC) has a trailing price-to-earnings (P/E) ratio of 18.90 for the broader industry and 19.70 for the sector. In the last five years, EnLink Midstream LLC’s PE ratio has ranged between 4670.12 and 6.708. The stock’s beta is 3.21. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.81, the price-to-book (PB) ratio at 2.83, and the price-to-cash flow ratio at 8.04.
EnLink Midstream LLC pays a $0.38 dividend per share annually. It offers a dividend yield of 4.76%. The company’s most recent quarterly dividend payment took place on Aug. 13, and it was $0.0938 a share, without any change from last year. Its dividend has been increased for the last 1 consecutive years with the latest decrease dividend $0.0003 reported on Wednesday January 20 2021. Dividends have grown by -54.04% each year over the last three years.
EnLink Midstream LLC will next go ex-dividend on 29-Oct. The next dividend payment EnLink Midstream LLC will make is expected to be $0.0938.
The quick ratio of EnLink Midstream LLC for the three months ended June 29 was 0.70, and the current ratio was 0.80, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 3.04 and a total debt to equity ratio of 3.22 for the quarter ending June 29. On the profitability front, the trailing 12-month gross margin is 30.60% against a 5-year average of 17.2%. EnLink Midstream LLC’s EBITDA margin for the year ending June 29 is 26.82%, while its operating margin for the same period stands at 7.50%. Its gross profit as reported stood at $18.0 million compared to revenue of $3.89 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, EnLink Midstream LLC’s return on assets was -2.00%, compared to -3.7% over the last five years. In the past year, the return on investment has been -1.50%, and the 5-year average is -3.6%. Meanwhile, the return on equity (ROE) for the past 12 months has been -11.50% and the 5-year average holds at -18.6%. For the broader industry, ROE averaged 12.45 over the past year.
The analyst consensus anticipated EnLink Midstream LLC’s latest quarter earnings to come in at $0.01 per share, but it turned out to be -$0.04, a -500.00% surprise. For the quarter, EBITDA amounted to $236.3 million. Shareholders own equity worth $488.62 million.
From a technical analysis perspective, let’s take a brief look at EnLink Midstream LLC (ENLC) price momentum. RSI 9-day as of the close on 13 October was 78.48%, suggesting the stock is Overbought, with historical volatility in this time frame at 32.29%.
As of today, ENLC’s price is $7.62 +14.33% or $1.00 from its 5-day moving average. ENLC is currently trading +18.40% higher than its 20-day SMA and +59.60% higher than its 100-day SMA. However, the stock’s current price level is +47.23% above the SMA50 and +111.11% above the SMA200.
The stochastic %K and %D were 95.28% and 94.39%, respectively, and the average true range (ATR) was 0.32. With the 14-day stochastic at 99.28% and the average true range at 0.31, the RSI (14) stands at 74.75%. The stock has reached 0.41 on the 9-day MACD Oscillator while the 14-day reading was at 0.57.
Raymond James upgraded EnLink Midstream LLC (NYSE: ENLC) to a an Outperform rating in its most recent analyst report. Previously, the stock was rated as a a Mkt perform.The consensus rating for EnLink Midstream LLC (ENLC) among analysts is Hold. According to current brokerage recommendations, 3 brokerage firms advise that investors sell ENLC, while 5 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 1 others rate it as a “buy”.
What is ENLC’s price target for the next 12 months?
Analysts predict a range of price targets between $5.00 and $9.50, with a median target of $6.00. Taking a look at these predictions, the average price target given by analysts for EnLink Midstream LLC (ENLC) stock is $6.55.