Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
After finishing at $14.15 in the prior trading day, Enlink Midstream LLC (NYSE: ENLC) closed at $14.16, up 0.07%. In other words, the price has increased by $0.07 from its previous closing price. On the day, 8.26 million shares were traded. ENLC stock price reached its highest trading level at $14.28 during the session, while it also had its lowest trading level at $14.0307.
Ratios:
Our goal is to gain a better understanding of ENLC by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 622.32 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.84. For the most recent quarter (mrq), Quick Ratio is recorded 0.36 and its Current Ratio is at 0.42. In the meantime, Its Debt-to-Equity ratio is 5.15 whereas as Long-Term Debt/Eq ratio is at 4.39.
UBS Downgraded its Buy to Neutral on September 30, 2024, while the target price for the stock was maintained at $16.
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 Oct 15 ’24 when Global Infrastructure Investor sold 200,340,753 shares for $14.90 per share. The transaction valued at 2,985,077,220 led to the insider holds 0 shares of the business.
Lamb Benjamin D sold 250,552 shares of ENLC for $3,026,668 on Feb 28 ’24. The EVP and CFO now owns 534,000 shares after completing the transaction at $12.08 per share. On Feb 23 ’24, another insider, Rossbach Jan Philipp, who serves as the VP & Chief Accounting Officer of the company, sold 50,000 shares for $12.32 each. As a result, the insider received 616,000 and left with 58,410 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ENLC now has a Market Capitalization of 6472252928 and an Enterprise Value of 12696254464. As of this moment, Enlink’s Price-to-Earnings (P/E) ratio for their current fiscal year is 61.46, and their Forward P/E ratio for the next fiscal year is 19.31. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.19. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.97 while its Price-to-Book (P/B) ratio in mrq is 6.87. Its current Enterprise Value per Revenue stands at 1.911 whereas that against EBITDA is 9.723.
Stock Price History:
The Beta on a monthly basis for ENLC is 2.35, which has changed by 0.17412937 over the last 52 weeks, in comparison to a change of 0.25219524 over the same period for the S&P500. Over the past 52 weeks, ENLC has reached a high of $16.40, while it has fallen to a 52-week low of $11.55. The 50-Day Moving Average of the stock is -4.82%, while the 200-Day Moving Average is calculated to be 0.60%.
Shares Statistics:
The stock has traded on average 2.87M shares per day over the past 3-months and 4244230 shares per day over the last 10 days, according to various share statistics. A total of 458.62M shares are outstanding, with a floating share count of 252.92M. Insiders hold about 44.67% of the company’s shares, while institutions hold 47.21% stake in the company. Shares short for ENLC as of 1736899200 were 7658278 with a Short Ratio of 2.67, compared to 1734048000 on 9078552. Therefore, it implies a Short% of Shares Outstanding of 7658278 and a Short% of Float of 3.01.
Dividends & Splits
In the trailing 12 months, ENLC’s forward annual dividend rate was 0.53, compared to 0.40 this year. Against a Trailing Annual Dividend Yield of 0.03745583The stock’s 5-year Average Dividend Yield is 10.01. The current Payout Ratio is 112.99% for ENLC, which recently paid a dividend on 2024-11-01 with an ex-dividend date of 1730419200. Stock splits for the company last occurred on 2006-12-18 when the company split stock in a 3:1 ratio.
