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After finishing at $13.94 in the prior trading day, Enlink Midstream LLC (NYSE: ENLC) closed at $13.97, up 0.22%. In other words, the price has increased by $0.22 from its previous closing price. On the day, 3.09 million shares were traded. ENLC stock price reached its highest trading level at $14.11 during the session, while it also had its lowest trading level at $13.875.
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 375.28 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 8.00. 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 the company, Wells Fargo on July 08, 2024, Upgraded its rating to Overweight and sets its target price to $17 from $13 previously.
On April 16, 2024, Citigroup reiterated its Buy rating and also lowered its target price recommendation from $13 to $16.
On March 22, 2024, CapitalOne started tracking the stock assigning a Overweight rating and target price of $15.CapitalOne initiated its Overweight rating on March 22, 2024, with a $15 target price.
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 6304716800 and an Enterprise Value of 12608819200. As of this moment, Enlink’s Price-to-Earnings (P/E) ratio for their current fiscal year is 39.73, and their Forward P/E ratio for the next fiscal year is 18.76. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.93 while its Price-to-Book (P/B) ratio in mrq is 7.00. Its current Enterprise Value per Revenue stands at 1.854 whereas that against EBITDA is 9.338.
Stock Price History:
The Beta on a monthly basis for ENLC is 2.36, which has changed by 0.23957407 over the last 52 weeks, in comparison to a change of 0.24125004 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 $10.91. The 50-Day Moving Average of the stock is 5.06%, while the 200-Day Moving Average is calculated to be 9.00%.
Shares Statistics:
The stock has traded on average 1.76M shares per day over the past 3-months and 1416950 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 223.00M. Insiders hold about 50.59% of the company’s shares, while institutions hold 45.06% stake in the company. Shares short for ENLC as of 1719532800 were 8303772 with a Short Ratio of 4.72, compared to 1717113600 on 10133527. Therefore, it implies a Short% of Shares Outstanding of 8303772 and a Short% of Float of 3.44.
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 0.036944047The stock’s 5-year Average Dividend Yield is 11.29. 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.
