At the time of writing, Enlink Midstream LLC [ENLC] stock is trading at $14.77, up 0.20%. 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 gain 1.10% over the last week, with a monthly amount glided 1.37%, 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 September 30, 2024, when UBS downgraded its rating to a Neutral but kept the price target unchanged to $16 for it. Previously, Morgan Stanley downgraded its rating to Equal-Weight on September 16, 2024, and kept the price target unchanged to $16. On September 03, 2024, downgrade downgraded it’s rating to Equal Weight but maintained its price target of $16 on the stock. Wells Fargo downgraded its rating to a Equal Weight and decreased its price target to $15 on August 30, 2024. Stifel downgraded its rating to a Hold but $15 remained the price target by the analyst firm on August 30, 2024. Tudor Pickering Holt & Co. upgraded its rating to Buy for this stock on August 16, 2024, but kept the price target unchanged to $15. In a note dated July 08, 2024, Wells Fargo upgraded an Overweight rating on this stock and boosted its target price from $13 to $17.
For the past year, the stock price of Enlink Midstream LLC fluctuated between $11.53 and $14.84. Currently, Wall Street analysts expect the stock to reach $13.67 within the next 12 months. Enlink Midstream LLC [NYSE: ENLC] shares were valued at $14.77 at the most recent close of the market. An investor can expect a potential drop of -7.45% based on the average ENLC price forecast.
Analyzing the ENLC fundamentals
According to Enlink Midstream LLC [NYSE:ENLC], the company’s sales were 6.83B for trailing twelve months, which represents an 2.18% jump. Gross Profit Margin for this corporation currently stands at 0.16% with Operating Profit Margin at 0.09%, Pretax Profit Margin comes in at 0.03%, 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 0.13 and Total Capital is 0.08. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of5.11.
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 14.67 points at the first support level, and at 14.58 for the second support level. However, for the 1st resistance point, the stock is sitting at 14.84, and for the 2nd resistance point, it is at 14.92.
Ratios To Look Out For
It is important to note that Enlink Midstream LLC [NYSE:ENLC] has a current ratio of 0.65. In addition, the Quick Ratio stands at 0.59 and the Cash Ratio stands at 0.0. Considering the valuation of this stock, the price to sales ratio is 1.00, the price to book ratio is 7.27 and price to earnings (TTM) ratio is 46.29.
Transactions by insiders
Recent insider trading involved Global Infrastructure Investor, 10% Owner, that happened on Oct 15 ’24 when 200.34 million shares were sold. EVP and CFO, Lamb Benjamin D completed a deal on Feb 28 ’24 to sell 0.25 million shares. Meanwhile, VP & Chief Accounting Officer Rossbach Jan Philipp sold 50000.0 shares on Feb 23 ’24.
