EnLink Midstream LLC (ENLC) Price Targets: What Do They Mean?

As of Friday close, EnLink Midstream LLC’s (NYSE:ENLC) stock was up $0.68, moving up 7.15 percent to $10.19. The average number of shares traded per day over the past five days has been 2,646,980 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.35 fall in that time frame. In the last twenty days, the average volume was 2,517,820, while in the previous 50 days, it was 2,777,100.

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Since last month, ENLC stock retreated -0.88%. Shares of the company fell to $9.18 on 04/25/22, the lowest level in the past month. A 52-week high of $11.27 was reached on 05/05/22 after having rallying from a 52-week low of $4.36. Since the beginning of this year, ENLC’s stock price has risen by 47.90% or $3.30, and marked a new high 30 times. However, the stock has declined by -9.58% since its 52-week high.

EnLink Midstream LLC (ENLC) last reported insider trading activity 80 days ago on Feb 23. Vann Kyle D, the Director of the company, disposed of 10,000 shares for $8.26 on Feb 23. It resulted in a $82,600 divestment by the insider. WSIP Egypt Holdings, LP added 8,539 shares at an average price of $5.78 on Jul 29. The insider now owns 677,900 shares following the transaction. On Jul 29, 10% Owner GOLDMAN SACHS GROUP INC bought 8,539 shares at $5.78 apiece. The transaction was valued at $49,347.

Valuation Metrics

Right now, EnLink Midstream LLC (ENLC) has a P/E ratio of about 73.31. The stock’s beta is 2.67. Besides these, the trailing price-to-sales (P/S) ratio of 0.64, the price-to-book (PB) ratio of 3.82, and the price-to-cash flow ratio of 9.37 may also be considered.

The latest dividend of $0.1120 per share was paid out, remained unchanged from last year’s $0.1120. On Tuesday January 18 2022, a $0.018250 dividend increase was announced.

Financial Health

In the three months ended September 29, EnLink Midstream LLC’s quick ratio stood at 0.90, while its current ratio was 1.00, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 3.34. On the profitability front, the trailing twelve-month gross margin is 21.10% percent. In the year ended September 29, operating margins totaled 6.00%. Based on annual data, ENLC earned $418.5 million in gross profit and brought in $6.69 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 6.90%. Return on equity (ROE) for the past 12 months was 5.30%.

In EnLink Midstream LLC’s quarter-end financial report for September 29, it reported total debt of $4.32 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. ENLC’s revenue rose 43.96% to $2.24 billion during the quarter, while net income inched up to $2.23 billion. While analysts expected EnLink Midstream LLC to report $0.03 quarterly earnings, the actual figure was $0.01 per share, beating the consensus estimate by -66.70%. During the quarter, the company generated $278.2 million in EBITDA. The liabilities of EnLink Midstream LLC were 5.73 billion at the end of its most recent quarter ended September 29, and its total debt was $4.5 billion. The value of shareholders’ equity is $483.01 million.

Technical Picture

This quick technical analysis looks at EnLink Midstream LLC’s (ENLC) price momentum. With a historical volatility rate of 84.17%, the RSI 9-day stood at 53.07% on 13 May.

With respect to its five-day moving average, the current EnLink Midstream LLC price is down by -3.32% percent or -$0.35. At present, ENLC shares trade -1.64% below its 20-day simple moving average and +65.69% percent above its 100-day simple moving average. However, the stock is currently trading approximately +6.15% above its SMA50 and +75.39% above its SMA200.

Stochastic coefficient K was 25.13% and Stochastic coefficient D was 22.36%, while ATR was 0.63. Given the Stochastic reading of 45.73% for the 14-day period, the RSI (14) reading has been calculated as 52.78%. As of today, the MACD Oscillator reading stands at -0.42, while the 14-day reading stands at -0.36.

Analyst Ratings

Morgan Stanley upgraded its rating on EnLink Midstream LLC (NYSE: ENLC) to an Equal-weight in a note to investors on January 07, 2022. The analysts firm previously had an Underweight rating on the stock.EnLink Midstream LLC (ENLC) has been rated Hold by analysts. According to 1 brokerage firm , ENLC is a sell, and 6 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate EnLink Midstream LLC stock as buy, with 0 recommending it as overweight.

With a median target price of $12.00, the current consensus forecast for the stock is $9.00 – $12.00. Based on these forecasts, analysts predict EnLink Midstream LLC (ENLC) will achieve an average price target of $10.89.


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