Enlink Midstream LLC [ENLC] stock prices are down -0.73% to $13.67 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The ENLC shares have lost -1.23% over the last week, with a monthly amount glided 4.43%, 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 July 08, 2024, when Wells Fargo upgraded its rating to a Overweight and also boosted its price target to $17 from $13. Previously, Citigroup reaffirmed its Buy rating on April 16, 2024, and elevated its price target to $16. On March 22, 2024, CapitalOne initiated with a Overweight rating and assigned a price target of $15 on the stock. Pickering Energy Partners started tracking the stock assigning a Outperform rating. UBS initiated its recommendation with a Buy and recommended $14 as its price target on June 26, 2023. Citigroup upgraded its rating to Buy for this stock on March 09, 2023, but kept the price target unchanged to $13. In a note dated December 09, 2022, Citigroup initiated an Neutral rating and provided a target price of $13 on this stock.
The stock price of Enlink Midstream LLC [ENLC] has been fluctuating between $10.87 and $14.18 over the past year. Currently, Wall Street analysts expect the stock to reach $13.8 within the next 12 months. Enlink Midstream LLC [NYSE: ENLC] shares were valued at $13.67 at the most recent close of the market. An investor can expect a potential return of 0.95% based on the average ENLC price forecast.
Analyzing the ENLC fundamentals
The Enlink Midstream LLC [NYSE:ENLC] reported sales of 6.80B for trailing twelve months, representing a drop of -4.48%. Gross Profit Margin for this corporation currently stands at 0.18% with Operating Profit Margin at 0.1%, Pretax Profit Margin comes in at 0.04%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.1 and Total Capital is 0.08. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 5.13.
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 13.60 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 13.76, and for the 2nd resistance point, it is at 13.85.
Ratios To Look Out For
It’s worth pointing out that Enlink Midstream LLC [NYSE:ENLC]’s Current Ratio is 0.78. In addition, the Quick Ratio stands at 0.74 and the Cash Ratio stands at 0.02. Considering the valuation of this stock, the price to sales ratio is 0.91, the price to book ratio is 6.85 and price to earnings (TTM) ratio is 38.88.
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.
