Enlink Midstream LLC [ENLC] stock prices are down -0.97% to $14.27 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 3.86% over the last week, with a monthly amount drifted -8.53%, and not 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 November 08, 2024, when Raymond James downgraded its rating to a Mkt Perform. On September 30, 2024, downgrade downgraded it’s rating to Neutral but maintained its price target of $16 on the stock. Morgan Stanley downgraded its rating to a Equal-Weight but stick to its price target of $16 on September 16, 2024. CapitalOne downgraded its rating to a Equal Weight but $16 remained the price target by the analyst firm on September 03, 2024. Wells Fargo downgraded its rating to Equal Weight for this stock on August 30, 2024, and downed its price target to $15. In a note dated August 30, 2024, Stifel downgraded an Hold rating on this stock but restated the target price of $15.
The stock price of Enlink Midstream LLC [ENLC] has been fluctuating between $11.53 and $16.40 over the past year. Currently, Wall Street analysts expect the stock to reach $15.2 within the next 12 months. Enlink Midstream LLC [NYSE: ENLC] shares were valued at $14.27 at the most recent close of the market. An investor can expect a potential return of 6.52% based on the average ENLC price forecast.
Analyzing the ENLC fundamentals
The Enlink Midstream LLC [NYSE:ENLC] reported sales of 6.65B for trailing twelve months, representing a drop of -10.27%. Gross Profit Margin for this corporation currently stands at 0.16% with Operating Profit Margin at 0.09%, Pretax Profit Margin comes in at 0.04%, 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 0.14 and Total Capital is 0.1. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.68.
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 14.19 points at the first support level, and at 14.11 for the second support level. However, for the 1st resistance point, the stock is sitting at 14.35, and for the 2nd resistance point, it is at 14.43.
Ratios To Look Out For
It’s worth pointing out that Enlink Midstream LLC [NYSE:ENLC]’s Current Ratio is 0.42. As well, the Quick Ratio is 0.36, while the Cash Ratio is 0.01. Considering the valuation of this stock, the price to sales ratio is 0.98, the price to book ratio is 6.92 and price to earnings (TTM) ratio is 61.94.
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.
