EnLink Midstream LLC (NYSE:ENLC) saw a downside of -0.15% to close Monday at $12.97 after subtracting -$0.02 on the day. The 5-day average trading volume is 3,470,820 shares of the company’s common stock. It has gained $13.58 in the past week and touched a new high 1 time within the past 5 days. An average of 2,153,270 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,222,546.
ENLC’s 1-month performance is 12.88% or $0.78 on its low of $11.49 reached on 01/04/23. The company’s shares have touched a 52-week low of $7.15 and high of $13.58, with the stock’s rally to the 52-week high happening on 01/17/23. YTD, ENLC has achieved 5.45% or $0.67 and has reached a new high 6 times. However, the current price is down -4.49% from the 52-week high price.
ENLC stock investors last saw insider trading activity on Nov 18.Vann Kyle D (Director) most recently sold 13,500 shares at $12.16 per share on Nov 18. This transaction cost the insider $164,160. EVP and COO, Lamb Benjamin D, sold 45,000 shares at a price of $9.47 on Aug 10. Then, on Aug 09, EVP and COO Lamb Benjamin D sold 148,917 shares at a price of $9.36 per share. This transaction amounted to $1,393,863.
ENLC stock has a beta of 2.55. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.63 while the price-to-book (PB) in the most recent quarter is 4.91, with the price to cash flow ratio at 10.62.
EnLink Midstream LLC’s quick ratio for the period ended June 29 was 0.90, with the current ratio over the same period at 1.00. In terms of profitability, the gross margin trailing 12 months is 19.60%. The firm’s gross profit as reported stood at $418.5 million against revenue of $6.69 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. Net income grew 97.65% to $80.8 million, while revenue of $85.3 million was -5.57% off the previous quarter. Analysts expected ENLC to announce $0.07 per share in earnings in its latest quarter, but it posted $0.17, representing a 142.90% surprise. EBITDA for the quarter stood at more than $363.0 million. ENLC stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 5.94 billion, with total debt at $4.34 billion. Shareholders hold equity totaling $473.6 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 23 January was 60.04% to suggest the stock is trending Neutral, with historical volatility in this time period at 27.99%.
The stock’s 5-day moving average is $13.01, reflecting a -3.06% or -$0.41 change from its current price. ENLC is currently trading +9.64% above its 20-day SMA, +17.80% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +6.05% and SMA200 by+36.38%.
Stochastic %K and %D was 71.29% and 71.13% and the average true range (ATR) pointed at 0.41. The RSI (14) points at 59.68%, while the 14-day stochastic is at 70.81% with the period’s ATR at 0.41. The stock’s 9-day MACD Oscillator is pointing at -0.02 and 0.30 on the 14-day charts.
In the most recent analyst report for EnLink Midstream LLC (NYSE: ENLC), Citigroup launched coverage with a Neutral rating. Analysts offering their rating for ENLC stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate ENLC as a “sell,”, while 6 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 3 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 $12.00 and a high of $18.00, with their median price target at $14.00. Looking at these predictions, the average price target given by analysts is for EnLink Midstream LLC (ENLC) stock is $14.10.