Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
After finishing at $12.88 in the prior trading day, Enlink Midstream LLC (NYSE: ENLC) closed at $12.80, down -0.62%. In other words, the price has decreased by -$0.62 from its previous closing price. On the day, 1.19 million shares were traded. ENLC stock price reached its highest trading level at $12.96 during the session, while it also had its lowest trading level at $12.77.
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 343.85 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.33. 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:
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 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 5776691200 and an Enterprise Value of 12047692800. As of this moment, Enlink’s Price-to-Earnings (P/E) ratio for their current fiscal year is 36.41, and their Forward P/E ratio for the next fiscal year is 17.01. 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 6.41. Its current Enterprise Value per Revenue stands at 1.782 whereas that against EBITDA is 9.091.
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 $8.45. The 50-Day Moving Average of the stock is -3.02%, while the 200-Day Moving Average is calculated to be 2.22%.
Shares Statistics:
The stock has traded on average 2.01M shares per day over the past 3-months and 2102670 shares per day over the last 10 days, according to various share statistics. A total of 451.61M shares are outstanding, with a floating share count of 224.06M. Insiders hold about 50.35% of the company’s shares, while institutions hold 44.08% stake in the company. Shares short for ENLC as of 1713139200 were 12048313 with a Short Ratio of 5.98, compared to 1710460800 on 11918121. Therefore, it implies a Short% of Shares Outstanding of 12048313 and a Short% of Float of 5.04.
Dividends & Splits
In the trailing 12 months, ENLC’s forward annual dividend rate was 0.515, compared to 0.52 this year. Against a Trailing Annual Dividend Yield of 0.039984472The stock’s 5-year Average Dividend Yield is 11.51.
