Enlink Midstream LLC [ENLC] stock is trading at $13.45, up 0.07%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ENLC shares have lost -2.39% over the last week, with a monthly amount glided 3.86%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Enlink Midstream LLC [NYSE: ENLC] stock has seen the most recent analyst activity on April 16, 2024, when Citigroup reiterated its Buy rating and also boosted its price target to $16 from $13. Previously, CapitalOne started tracking the stock with Overweight rating on March 22, 2024, and set its price target to $15. On October 03, 2023, Pickering Energy Partners initiated with a Outperform rating. UBS started tracking the stock assigning a Buy rating and suggested a price target of $14 on June 26, 2023. Citigroup upgraded its rating to a Buy but $13 remained the price target by the analyst firm on March 09, 2023. Citigroup started tracking with a Neutral rating for this stock on December 09, 2022, and assigned it a price target of $13. In a note dated September 27, 2022, Stifel initiated an Buy rating and provided a target price of $12.50 on this stock.
Enlink Midstream LLC [ENLC] stock has fluctuated between $8.45 and $14.18 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 $13.45 at the most recent close of the market. An investor can expect a potential drop of -7.81% based on the average ENLC price forecast.
Analyzing the ENLC fundamentals
Enlink Midstream LLC [NYSE:ENLC] reported sales of 6.88B for the trailing twelve months, which represents 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 13.36 points at the first support level, and at 13.27 for the second support level. However, for the 1st resistance point, the stock is sitting at 13.56, and for the 2nd resistance point, it is at 13.68.
Ratios To Look Out For
For context, Enlink Midstream LLC’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 0.89, the price to book ratio is 6.07 and price to earnings (TTM) ratio is 30.39.
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.
