Enlink Midstream LLC [ENLC] stock is trading at $14.84, down -0.40%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The ENLC shares have gain 0.68% over the last week, with a monthly amount glided 1.30%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, UBS downgraded its rating to Neutral on September 30, 2024, and kept the price target unchanged to $16. On September 16, 2024, downgrade downgraded it’s rating to Equal-Weight but maintained its price target of $16 on the stock. CapitalOne downgraded its rating to a Equal Weight but stick to its price target of $16 on September 03, 2024. Wells Fargo downgraded its rating to a Equal Weight and reduced its price target to $15 on August 30, 2024. Stifel downgraded its rating to Hold for this stock on August 30, 2024, but kept the price target unchanged to $15. In a note dated August 16, 2024, Tudor Pickering Holt & Co. upgraded an Buy rating on this stock but restated the target price of $15.
Enlink Midstream LLC [ENLC] stock has fluctuated between $11.53 and $14.94 over the past year. Currently, Wall Street analysts expect the stock to reach $13.86 within the next 12 months. Enlink Midstream LLC [NYSE: ENLC] shares were valued at $14.84 at the most recent close of the market. An investor can expect a potential drop of -6.6% based on the average ENLC price forecast.
Analyzing the ENLC fundamentals
Enlink Midstream LLC [NYSE:ENLC] reported sales of 6.83B for the trailing twelve months, which represents a growth of 2.18%. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 5.11.
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 14.78 points at the first support level, and at 14.72 for the second support level. However, for the 1st resistance point, the stock is sitting at 14.93, and for the 2nd resistance point, it is at 15.02.
Ratios To Look Out For
For context, Enlink Midstream LLC’s Current Ratio is 0.65. Further, the Quick Ratio stands at 0.59, while the Cash Ratio is 0.0. Considering the valuation of this stock, the price to sales ratio is 1.00, the price to book ratio is 7.31 and price to earnings (TTM) ratio is 46.51.
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.
