In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
In the latest session, Enlink Midstream LLC (NYSE: ENLC) closed at $14.60 down -0.07% from its previous closing price of $14.61. In other words, the price has decreased by -$0.07 from its previous closing price. On the day, 2.34 million shares were traded. ENLC stock price reached its highest trading level at $14.75 during the session, while it also had its lowest trading level at $14.505.
Ratios:
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 1161.58 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.57. 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 16, 2024, Morgan Stanley Downgraded its rating to Equal-Weight which previously was Overweight but kept the price unchanged to $16.
CapitalOne Downgraded its Overweight to Equal Weight on September 03, 2024, while the target price for the stock was maintained at $16.
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 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 6737155584 and an Enterprise Value of 12961262592. As of this moment, Enlink’s Price-to-Earnings (P/E) ratio for their current fiscal year is 45.75, and their Forward P/E ratio for the next fiscal year is 19.80. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 45.75. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.99 while its Price-to-Book (P/B) ratio in mrq is 7.19. Its current Enterprise Value per Revenue stands at 1.897 whereas that against EBITDA is 9.924.
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 $11.53. The 50-Day Moving Average of the stock is 4.07%, while the 200-Day Moving Average is calculated to be 9.95%.
Shares Statistics:
For the past three months, ENLC has traded an average of 2.37M shares per day and 1371330 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 46.67% stake in the company. Shares short for ENLC as of 1727654400 were 9077373 with a Short Ratio of 3.84, compared to 1724976000 on 8324901. Therefore, it implies a Short% of Shares Outstanding of 9077373 and a Short% of Float of 3.61.
Dividends & Splits
According to the company, the forward annual dividend rate for ENLC is 0.52, from 0.523 in the trailing year. Against a Trailing Annual Dividend Yield of 0.0357974The stock’s 5-year Average Dividend Yield is 10.83.
