Enlink Midstream LLC [ENLC] stock prices are up 0.37% to $13.71 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ENLC shares have gain 3.24% over the last week, with a monthly amount glided 8.12%, 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:
Enlink Midstream LLC [NYSE: ENLC] stock has seen the most recent analyst activity on March 22, 2024, when CapitalOne initiated its Overweight rating and assigned the stock a price target of $15. On June 26, 2023, UBS initiated with a Buy rating and assigned a price target of $14 on the stock. Citigroup upgraded its rating to a Buy but stick to its price target of $13 on March 09, 2023. Citigroup initiated its recommendation with a Neutral and recommended $13 as its price target on December 09, 2022. Stifel started tracking with a Buy rating for this stock on September 27, 2022, and assigned it a price target of $12.50. In a note dated January 07, 2022, Morgan Stanley upgraded an Equal-Weight rating on this stock and boosted its target price from $7 to $9.
The stock price of Enlink Midstream LLC [ENLC] has been fluctuating between $8.45 and $13.98 over the past year. 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 $13.71 at the most recent close of the market. An investor can expect a potential drop of -9.56% based on the average ENLC price forecast.
Analyzing the ENLC fundamentals
The Enlink Midstream LLC [NYSE:ENLC] reported sales of 6.88B for trailing twelve months, representing a drop of -9.51%. 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 13.61 points at the first support level, and at 13.52 for the second support level. However, for the 1st resistance point, the stock is sitting at 13.79, and for the 2nd resistance point, it is at 13.88.
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
It’s worth pointing out that Enlink Midstream LLC [NYSE:ENLC]’s Current Ratio is 0.84. As well, the Quick Ratio is 0.80, while the Cash Ratio is 0.03. Considering the valuation of this stock, the price to sales ratio is 0.90, the price to book ratio is 6.18 and price to earnings (TTM) ratio is 30.98.
Transactions by insiders
Recent insider trading involved Lamb Benjamin D, EVP and CFO, that happened on Feb 28 ’24 when 0.25 million shares were sold. VP & Chief Accounting Officer, Rossbach Jan Philipp completed a deal on Feb 23 ’24 to sell 50000.0 shares. Meanwhile, EVP, CL&AO, and Secretary Brooks Alaina K sold 35023.0 shares on Aug 11 ’23.
