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The price of Enlink Midstream LLC (NYSE: ENLC) closed at $12.87 in the last session, down -6.20% from day before closing price of $13.72. In other words, the price has decreased by -$6.20 from its previous closing price. On the day, 5.68 million shares were traded. ENLC stock price reached its highest trading level at $13.26 during the session, while it also had its lowest trading level at $12.35.
Ratios:
We take a closer look at ENLC’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 203.22 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.51. For the most recent quarter (mrq), Quick Ratio is recorded 0.80 and its Current Ratio is at 0.84. In the meantime, Its Debt-to-Equity ratio is 4.66 whereas as Long-Term Debt/Eq ratio is at 4.54.
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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 5808282624. As of this moment, Enlink’s Price-to-Earnings (P/E) ratio for their current fiscal year is 29.08, and their Forward P/E ratio for the next fiscal year is 17.19. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.85 while its Price-to-Book (P/B) ratio in mrq is 5.81.
Stock Price History:
The Beta on a monthly basis for ENLC is 2.33, which has changed by 0.51948047 over the last 52 weeks, in comparison to a change of 0.23568535 over the same period for the S&P500. Over the past 52 weeks, ENLC has reached a high of $14.18, while it has fallen to a 52-week low of $8.45. The 50-Day Moving Average of the stock is -2.33%, while the 200-Day Moving Average is calculated to be 2.91%.
Shares Statistics:
According to the various share statistics, ENLC traded on average about 1.91M shares per day over the past 3-months and 2051120 shares per day over the past 10 days. A total of 451.61M shares are outstanding, with a floating share count of 224.99M. Insiders hold about 50.35% of the company’s shares, while institutions hold 45.59% stake in the company. Shares short for ENLC as of 1713139200 were 12048313 with a Short Ratio of 6.30, compared to 1710460800 on 11918121. Therefore, it implies a Short% of Shares Outstanding of 12048313 and a Short% of Float of 4.95.
Dividends & Splits
The forward annual dividend rate for ENLC is 0.52, which was 0.383 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.02791545The stock’s 5-year Average Dividend Yield is 11.51. The current Payout Ratio is 112.99% for ENLC, which recently paid a dividend on 2024-04-25 with an ex-dividend date of 1714003200. Stock splits for the company last occurred on 2006-12-18 when the company split stock in a 3:1 ratio.
Earnings Estimates
The stock of Enlink Midstream LLC (ENLC) is currently being evaluated by 9.0 analysts who are actively contributing to its market rating.On average, analysts expect EPS of $0.13 for the current quarter, with a high estimate of $0.17 and a low estimate of $0.11, while EPS last year was $0.12. The consensus estimate for the next quarter is $0.15, with high estimates of $0.18 and low estimates of $0.13.
Analysts are recommending an EPS of between $0.67 and $0.54 for the fiscal current year, implying an average EPS of $0.59. EPS for the following year is $0.75, with 9.0 analysts recommending between $0.95 and $0.63.
Revenue Estimates
For the next quarter, 3 analysts are estimating revenue of $2.16B. There is a high estimate of $2.84B for the next quarter, whereas the lowest estimate is $1.8B.
A total of 5 analysts have provided revenue estimates for ENLC’s current fiscal year. The highest revenue estimate was $11.27B, while the lowest revenue estimate was $7.11B, resulting in an average revenue estimate of $8.48B. In the same quarter a year ago, actual revenue was $6.88BBased on 4 analysts’ estimates, the company’s revenue will be $8.96B in the next fiscal year. The high estimate is $11.8B and the low estimate is $7.57B.
