As of Friday close, EnLink Midstream LLC’s (NYSE:ENLC) stock was down -$0.13, moving down -1.24 percent to $10.33. The average number of shares traded per day over the past five days has been 2,994,140 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.85 fall in that time frame. In the last twenty days, the average volume was 2,753,090, while in the previous 50 days, it was 2,575,798.
Since last month, ENLC stock retreated -17.56%. Shares of the company fell to $9.78 on 03/16/23, the lowest level in the past month. A 52-week high of $13.58 was reached on 01/17/23 after having rallying from a 52-week low of $7.77. Since the beginning of this year, ENLC’s stock price has dropped by -16.02% or -$1.97, and marked a new high 6 times. However, the stock has declined by -23.93% since its 52-week high.
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Sponsored
ENLC stock investors should be aware that EnLink Midstream LLC (ENLC) stock had its last reported insider trading activity 25 days ago on Feb 21. Lamb Benjamin D, the EVP and CFO of the company, disposed of 210,000 shares for $11.38 on Feb 21. It resulted in a $2,389,800 divestment by the insider. Lamb Benjamin D sold 180,000 shares at an average price of $11.75 on Feb 17. The insider now owns 707,107 shares following the transaction. On Nov 18, Director Vann Kyle D sold 13,500 shares at $12.16 apiece. The transaction was valued at $164,160.
Valuation Metrics
Right now, EnLink Midstream LLC (ENLC) has a P/E ratio of about 13.81. The stock’s beta is 2.49. Besides these, the trailing price-to-sales (P/S) ratio of 0.51, the price-to-book (PB) ratio of 3.73, and the price-to-cash flow ratio of 9.92 may also be considered.
The latest dividend of $0.1250 per share was paid out, which is 11.11% more than last year’s $0.1125. On Wednesday January 18 2023, a $0.0125 dividend increase was announced.
Financial Health
In the three months ended December 30, EnLink Midstream LLC’s quick ratio stood at 1.00, while its current ratio was 1.10, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending December 30 was 3.62. On the profitability front, the trailing twelve-month gross margin is 20.60% percent. In the year ended December 30, operating margins totaled 6.90%. Based on annual data, ENLC earned $661.8 million in gross profit and brought in $9.54 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 12.40%. Return on equity (ROE) for the past 12 months was 28.10%.
In EnLink Midstream LLC’s quarter-end financial report for December 30, it reported total debt of $4.72 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 fell -9.41% to $2.66 billion during the quarter, while net income inched up to $2.05 billion. While analysts expected EnLink Midstream LLC to report $0.18 quarterly earnings, the actual figure was $0.33 per share, beating the consensus estimate by 83.30%. During the quarter, the company generated $326.1 million in EBITDA. The liabilities of EnLink Midstream LLC were 5.74 billion at the end of its most recent quarter ended December 30, and its total debt was $4.82 billion. The value of shareholders’ equity is $470.64 million.
Technical Picture
This quick technical analysis looks at EnLink Midstream LLC’s (ENLC) price momentum. With a historical volatility rate of 33.99%, the RSI 9-day stood at 26.47% on 17 March.
With respect to its five-day moving average, the current EnLink Midstream LLC price is down by -7.60% percent or -$0.85. At present, ENLC shares trade -16.29% below its 20-day simple moving average and -6.60% percent below its 100-day simple moving average. However, the stock is currently trading approximately -13.56% below its SMA50 and -9.39% below its SMA200.
Stochastic coefficient K was 27.03% and Stochastic coefficient D was 27.20%, while ATR was 0.49. Given the Stochastic reading of 27.99% for the 14-day period, the RSI (14) reading has been calculated as 30.07%. As of today, the MACD Oscillator reading stands at -0.50, while the 14-day reading stands at -0.68.
Analyst Ratings
Citigroup upgraded its rating on EnLink Midstream LLC (NYSE: ENLC) to a Buy in a note to investors on March 09, 2023. The analysts firm previously had a Neutral rating on the stock.EnLink Midstream LLC (ENLC) has been rated Overweight by analysts. According to 0 brokerage firms, ENLC is a sell, and 5 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 4 recommending it as overweight.
With a median target price of $14.00, the current consensus forecast for the stock is $12.00 – $18.00. Based on these forecasts, analysts predict EnLink Midstream LLC (ENLC) will achieve an average price target of $13.95.