A share price of Enlink Midstream LLC [ENLC] is currently trading at $12.68, up 2.84%. An important factor to consider is whether the stock is rising or falling in short-term value. The ENLC shares have gain 2.84% over the last week, with a monthly amount glided 5.14%, and seem to be holding up well over a long-time horizon.
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On 21, February 2024, EnLink Midstream Files 2023 Annual Report. In a post published today on Yahoo Finance, EnLink Midstream, LLC (NYSE: ENLC) (EnLink) today announced the filing of its Annual Report on Form 10-K for the fiscal year ending December 31, 2023, with the Securities and Exchange Commission.
From an analyst’s perspective:
Previously, UBS started tracking the stock with Buy rating on June 26, 2023, and set its price target to $14. On March 09, 2023, upgrade upgraded it’s rating to Buy but maintained its price target of $13 on the stock. Citigroup started tracking the stock assigning a Neutral rating and suggested a price target of $13 on December 09, 2022. Stifel initiated its recommendation with a Buy and recommended $12.50 as its price target on September 27, 2022. Morgan Stanley upgraded its rating to Equal-Weight for this stock on January 07, 2022, and upped its price target to $9. In a note dated June 14, 2021, Raymond James upgraded an Outperform rating on this stock but restated the target price of $7.50.
Enlink Midstream LLC experienced fluctuations in its stock price throughout the past year between $8.45 and $13.98. Currently, Wall Street analysts expect the stock to reach $12.4 within the next 12 months. Enlink Midstream LLC [NYSE: ENLC] shares were valued at $12.68 at the most recent close of the market. An investor can expect a potential drop of -2.21% based on the average ENLC price forecast.
Analyzing the ENLC fundamentals
Trailing Twelve Months sales for Enlink Midstream LLC [NYSE:ENLC] were 6.88B which represents -9.51% decline. Gross Profit Margin for this corporation currently stands at 0.2% with Operating Profit Margin at -0.16%, Pretax Profit Margin comes in at 0.05%, and Net Profit Margin reading is 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.12 and Total Capital is -0.15. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 6567.29.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 12.48 points at the first support level, and at 12.28 for the second support level. However, for the 1st resistance point, the stock is sitting at 12.80, and for the 2nd resistance point, it is at 12.92.
Enlink Midstream LLC [ENLC] reported earnings per share of $0.14 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.15/share, meaning a difference of -$0.01 and a surprise factor of -6.70%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.06 per share as compared to estimates of $0.13 per share, a difference of -$0.07 representing a surprise of -53.80%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Enlink Midstream LLC [NYSE:ENLC] is 0.84. On the other hand, the Quick Ratio is 0.80, and the Cash Ratio is 0.03. Considering the valuation of this stock, the price to sales ratio is 0.84, the price to book ratio is 5.72 and price to earnings (TTM) ratio is 28.65.
Transactions by insiders
Recent insider trading involved Lamb Benjamin D, EVP and CFO, that happened on Feb 28 when 0.25 million shares were sold. VP & Chief Accounting Officer, Rossbach Jan Philipp completed a deal on Feb 23 to sell 50000.0 shares. Meanwhile, EVP, CL&AO, and Secretary Brooks Alaina K sold 35023.0 shares on Aug 11.
