Financial Fitness Check: Examining Enlink Midstream LLC (ENLC)’s Key Ratios

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In the latest session, Enlink Midstream LLC (NYSE: ENLC) closed at $13.08 up 1.87% from its previous closing price of $12.84. In other words, the price has increased by $1.87 from its previous closing price. On the day, 1.72 million shares were traded. ENLC stock price reached its highest trading level at $13.115 during the session, while it also had its lowest trading level at $12.76.


For a deeper understanding of Enlink Midstream LLC’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 351.37 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.49. For the most recent quarter (mrq), Quick Ratio is recorded 0.74 and its Current Ratio is at 0.78. In the meantime, Its Debt-to-Equity ratio is 5.13 whereas as Long-Term Debt/Eq ratio is at 4.99.

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, Citigroup on April 16, 2024, Reiterated its Buy rating but revised its target price to $16 from $13 previously.

On March 22, 2024, CapitalOne started tracking the stock assigning a Overweight rating and target price of $15.

Insider Transactions:

Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Feb 28 ’24 when Lamb Benjamin D sold 250,552 shares for $12.08 per share. The transaction valued at 3,026,668 led to the insider holds 534,000 shares of the business.

Rossbach Jan Philipp sold 50,000 shares of ENLC for $616,000 on Feb 23 ’24. The VP & Chief Accounting Officer now owns 58,410 shares after completing the transaction at $12.32 per share. On Aug 11 ’23, another insider, Brooks Alaina K, who serves as the EVP, CL&AO, and Secretary of the company, sold 35,023 shares for $12.00 each. As a result, the insider received 420,276 and left with 465,486 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 5903056384 and an Enterprise Value of 12207158272. As of this moment, Enlink’s Price-to-Earnings (P/E) ratio for their current fiscal year is 37.20, and their Forward P/E ratio for the next fiscal year is 17.68. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.87 while its Price-to-Book (P/B) ratio in mrq is 6.55. Its current Enterprise Value per Revenue stands at 1.795 whereas that against EBITDA is 9.04.

Stock Price History:

Over the past 52 weeks, ENLC has reached a high of $14.18, while it has fallen to a 52-week low of $9.52. The 50-Day Moving Average of the stock is -2.23%, while the 200-Day Moving Average is calculated to be 3.16%.

Shares Statistics:

For the past three months, ENLC has traded an average of 1.95M shares per day and 2258760 over the past ten days. A total of 451.61M shares are outstanding, with a floating share count of 223.89M. Insiders hold about 50.39% of the company’s shares, while institutions hold 45.04% stake in the company. Shares short for ENLC as of 1715731200 were 12501945 with a Short Ratio of 6.42, compared to 1713139200 on 12048313. Therefore, it implies a Short% of Shares Outstanding of 12501945 and a Short% of Float of 5.1799998.

Dividends & Splits

According to the company, the forward annual dividend rate for ENLC is 0.52, from 0.515 in the trailing year. Against a Trailing Annual Dividend Yield of 0.04010903The stock’s 5-year Average Dividend Yield is 11.41.

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