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The closing price of Enlink Midstream LLC (NYSE: ENLC) was $14.51 for the day, up 0.42% from the previous closing price of $14.45. In other words, the price has increased by $0.42 from its previous closing price. On the day, 1.36 million shares were traded. ENLC stock price reached its highest trading level at $14.56 during the session, while it also had its lowest trading level at $14.41.
Ratios:
Our analysis of ENLC’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 1154.42 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.50. For the most recent quarter (mrq), Quick Ratio is recorded 0.59 and its Current Ratio is at 0.65. In the meantime, Its Debt-to-Equity ratio is 5.11 whereas as Long-Term Debt/Eq ratio is at 4.61.
On September 03, 2024, CapitalOne Downgraded its rating to Equal Weight which previously was Overweight but kept the price unchanged to $16.
Wells Fargo Downgraded its Overweight to Equal Weight on August 30, 2024, whereas the target price for the stock was revised from $16 to $15.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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.
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 6695625216 and an Enterprise Value of 12919731200. As of this moment, Enlink’s Price-to-Earnings (P/E) ratio for their current fiscal year is 45.47, and their Forward P/E ratio for the next fiscal year is 19.76. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.98 while its Price-to-Book (P/B) ratio in mrq is 7.15. Its current Enterprise Value per Revenue stands at 1.891 whereas that against EBITDA is 9.893.
Stock Price History:
Over the past 52 weeks, ENLC has reached a high of $14.80, while it has fallen to a 52-week low of $11.44. The 50-Day Moving Average of the stock is 6.55%, while the 200-Day Moving Average is calculated to be 11.07%.
Shares Statistics:
ENLC traded an average of 2.37M shares per day over the past three months and 1558190 shares per day over the past ten days. A total of 451.61M shares are outstanding, with a floating share count of 233.18M. Insiders hold about 49.47% of the company’s shares, while institutions hold 46.09% stake in the company. Shares short for ENLC as of 1724976000 were 8324901 with a Short Ratio of 3.52, compared to 1722384000 on 7345996. Therefore, it implies a Short% of Shares Outstanding of 8324901 and a Short% of Float of 3.3099998.
Dividends & Splits
With its trailing 12-month dividend rate of 0.523, ENLC has a forward annual dividend rate of 0.52. Against a Trailing Annual Dividend Yield of 0.036193773The stock’s 5-year Average Dividend Yield is 10.99.
