How is EnLink Midstream LLC’s (NYSE: ENLC) stock expected to perform amid current market woes?

After finishing at $12.35 in the prior trading day, EnLink Midstream LLC (NYSE: ENLC) closed at $12.63, up 2.27%. In other words, the price has increased by $+0.28 from its previous closing price. On the day, 2342820 shares were traded. ENLC stock price reached its highest trading level at $12.75 during the session, while it also had its lowest trading level at $12.07.

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Our goal is to gain a better understanding of ENLC by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.90 and its Current Ratio is at 1.00. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 3.61.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Stifel on September 27, 2022, initiated with a Buy rating and assigned the stock a target price of $12.50.

On January 07, 2022, Morgan Stanley Upgraded its rating to Equal-Weight which previously was Underweight and also upped its target price recommendation from $7 to $9.

Raymond James Upgraded its Mkt Perform to Outperform on June 14, 2021, while the target price for the stock was maintained at $7.50.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 10 when Lamb Benjamin D sold 45,000 shares for $9.47 per share. The transaction valued at 426,150 led to the insider holds 741,173 shares of the business.

Lamb Benjamin D sold 148,917 shares of ENLC for $1,393,863 on Aug 09. The EVP and COO now owns 786,173 shares after completing the transaction at $9.36 per share. On Aug 08, another insider, Lamb Benjamin D, who serves as the EVP and COO of the company, sold 150,000 shares for $9.18 each. As a result, the insider received 1,377,000 and left with 935,090 shares of the company.

Valuation Measures:

As of this moment, EnLink’s Price-to-Earnings (P/E) ratio for their current fiscal year is 24.24, and their Forward P/E ratio for the next fiscal year is 17.79. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.60 while its Price-to-Book (P/B) ratio in mrq is 4.78.

Stock Price History:

Over the past 52 weeks, ENLC has reached a high of $12.65, while it has fallen to a 52-week low of $5.88. The 50-Day Moving Average of the stock is 10.60, while the 200-Day Moving Average is calculated to be 9.88.

Shares Statistics:

The stock has traded on average 2.72M shares per day over the past 3-months and 2.28M shares per day over the last 10 days, according to various share statistics. A total of 477.20M shares are outstanding, with a floating share count of 244.71M. Insiders hold about 0.30% of the company’s shares, while institutions hold 92.60% stake in the company. Shares short for ENLC as of Oct 13, 2022 were 13.85M with a Short Ratio of 10.92M, compared to 12.72M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 2.89% and a Short% of Float of 5.51%.

Dividends & Splits

In the trailing 12 months, ENLC’s forward annual dividend rate was 0.38, compared to 0.45 this year. Against a Trailing Annual Dividend Yield of 3.04%, it implies a Forward Annual Dividend Yield of 3.87%. The stock’s 5-year Average Dividend Yield is 12.60. The current Payout Ratio is 81.10% for ENLC, which recently paid a dividend on Nov 13, 2022 with an ex-dividend date of Oct 26, 2022. Stock splits for the company last occurred on Dec 17, 2006 when the company split stock in a 3:1 ratio.

Earnings Estimates

Its stock is currently analyzed by 5 different market analysts. On average, analysts expect EPS of $0.11 for the current quarter, with a high estimate of $0.16 and a low estimate of $0.03, while EPS last year was $0.01. The consensus estimate for the next quarter is $0.14, with high estimates of $0.2 and low estimates of $0.03.

Analysts are recommending an EPS of between $0.61 and $0.32 for the fiscal current year, implying an average EPS of $0.49. EPS for the following year is $0.59, with 5 analysts recommending between $0.85 and $0.35.

Revenue Estimates

2 analysts predict $2.09B in revenue for the current quarter. It ranges from a high estimate of $2.4B to a low estimate of $1.79B. As of the current estimate, EnLink Midstream LLC’s year-ago sales were $1.79B, an estimated increase of 17.10% from the year-ago figure. For the next quarter, 2 analysts are estimating revenue of $2.88B, an increase of 28.20% over than the figure of $17.10% in the same quarter last year. There is a high estimate of $3.85B for the next quarter, whereas the lowest estimate is $1.9B.

A total of 3 analysts have provided revenue estimates for ENLC’s current fiscal year. The highest revenue estimate was $11.08B, while the lowest revenue estimate was $8.52B, resulting in an average revenue estimate of $9.8B. In the same quarter a year ago, actual revenue was $6.69B, up 46.60% from the average estimate. Based on 3 analysts’ estimates, the company’s revenue will be $9.64B in the next fiscal year. The high estimate is $10.77B and the low estimate is $7.39B. The average revenue growth estimate for next year is down -1.60% from the average revenue estimate for this year.