Are You Considering EnLink Midstream LLC (ENLC) As Part Of Your Portfolio?

The stock of EnLink Midstream LLC (NYSE:ENLC) increased by remained unchanged at $8.38, up 0.96 percent. The last five days have seen an average of 2,368,780 shares of common stock traded. 34 times new highs were reached in the current year, with a gain of $4.67. The average number of shares traded over the last 20 days was 2,045,520, while the average volume over the last 50 days totaled 2,414,426.

ENLC stock appreciated 24.70% since last month. On 09/23/21, the company’s shares reached a one-month low of $6.51. The stock touched a high of $8.64 on 10/20/21, after rallying from a low of $2.48 in 52 weeks. The price of ENLC stock has risen by 125.88% or $4.67 this year, reaching a new high 34 times. Still, the stock price is down -2.95% from the 52-week high.


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Insider Transactions

There have been 88 days since EnLink Midstream LLC (ENLC) last reported insider trading activity on Jul 29. On Jul 29, 10% Owner WSIP Egypt Holdings, LP acquired 8,539 shares at $5.78 each. This transaction resulted in the insider spending $49,347. On Jul 29, GOLDMAN SACHS GROUP INC added 8,539 shares at a price of US$5.78. After the transaction, the insider now owns 677,900 shares. 10% Owner WSIP Egypt Holdings, LP had earlier bought 4,952 shares on May 07 for $4.77 a share. The transaction was completed for $23,621.

Valuation Metrics

The PE ratio of EnLink Midstream LLC has varied between 4670.12 and 6.708 in the last five years. Beta for the stock is 3.23. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.87, the price-to-book (PB) ratio of 2.97, and the price-to-cash flow ratio of 8.65.

EnLink Midstream LLC’s dividend is $0.38 per share per year. Company paid $0.0938 per share in dividends, remained unchanged from $0.0938 last year. A $0.0003 dividend decrease was reported on Wednesday January 20 2021, making it the 1 consecutive year the dividend has increased. Over the last three years, dividends have increased by -54.04%.

For the three months ended June 29, EnLink Midstream LLC’s quick ratio was 0.70, while its current ratio was 0.80, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 3.04, and the total debt to equity ratio is 3.22. As far as profitability goes, gross margin for the trailing twelve months is 30.60% percent. EnLink Midstream LLC’s EBITDA margin for the year ended June 29 was 26.82%, whereas its operating margin stood at 7.50% for the same period. Based on annual data, it had gross profit of $18.0 million and revenue of $3.89 billion.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. ENLC’s return on assets (ROA) during the last 12 months has been -2.00%. There was a -1.50% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -11.50%. ROE has averaged 12.45 in the past year for the broader industry.

Earnings Surprise

According to EnLink Midstream LLC’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.41 billion, while revenues rose by 47.05% to $1.25 billion. It was predicted that EnLink Midstream LLC’s quarterly earnings would be -$0.04, but it ended up being $0.01. EBITDA was $236.3 million for the quarter. At the end of EnLink Midstream LLC’s most recent quarter ended June 29, its liabilities totaled 5.47 billion, while its total debt was $4.57 billion. Equity owned by shareholders amounts to $488.62 million.

Technical Picture

Here’s a quick look at EnLink Midstream LLC’s (ENLC) price momentum from a technical perspective. As of 22 October, the RSI 9-day stood at 75.08%, suggesting the stock is Overbought, with a 20.35% historical volatility rate.

The stochastic %K and %D were 86.17% and 90.00% respectively, while the average true range (ATR) was 0.29. Based on the 14-day stochastic reading of 85.67%, the RSI (14) reading is 74.08%. On the 9-day MACD Oscillator, the stock is at 0.18, and the 14-day reading is at 0.50.

Analyst Ratings

In its most recent analyst report, Raymond James raised its rating on EnLink Midstream LLC (NYSE: ENLC) to an Outperform. Prior to this, analysts firm rated the stock as a Mkt perform. Analysts have assigned EnLink Midstream LLC (ENLC) an Hold rating. ENLC is a stock that is recommended for selling by 2 brokerage firms, while 6 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 2 rates it overweight and 1 other recommend it as a buy.

What is ENLC’s price target for the next 12 months?

The current consensus forecast for the stock is between $5.00 and $9.50, with a median target price of $7.00. In analyzing these forecasts, the average price target given by analysts for EnLink Midstream LLC (ENLC) is $7.14.

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