Enlink Midstream LLC (ENLC) concluded trading on Wednesday at a closing price of $12.22, with 4.5 million shares of worth about $54.98 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 1.24% during that period and on Wednesday the price saw a loss of about -2.16%. Currently the company’s common shares owned by public are about 453.18M shares, out of which, 228.64M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 15 times over the past 12 months. They bought 661,256 shares in 10 of the transactions. In 5 selling transactions, insiders dumped 250,824 shares.
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Stock saw a price change of 3.47% in past 5 days and over the past one month there was a price change of 2.35%. Year-to-date (YTD), ENLC shares are showing a performance of 0.49% which increased to 4.89% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $8.45 but also hit the highest price of $13.98 during that period. The average intraday trading volume for Enlink Midstream LLC shares is 2.08 million. The stock is currently trading 1.46% above its 20-day simple moving average (SMA20), while that difference is up 0.32% for SMA50 and it goes to 4.17% higher than SMA200.
Enlink Midstream LLC (NYSE: ENLC) currently have 453.18M outstanding shares and institutions hold larger chunk of about 45.40% of that.
The stock has a current market capitalization of $5.58B and its 3Y-monthly beta is at 2.35. PE ratio of stock for trailing 12 months is 27.59, while it has posted earnings per share of $0.44 in the same period. It has Quick Ratio of 0.86 while making debt-to-equity ratio of 4.37. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ENLC, volatility over the week remained 2.76% while standing at 2.24% over the month.
Analysts are in expectations that Enlink Midstream LLC (ENLC) stock would likely to be making an EPS of $0.15 in the current quarter, while forecast for next quarter EPS is $0.15 and it is $0.76 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.13 which is $0.19 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.12 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 37.95% while it is estimated to increase by 23.59% in next year.
Coverage by UBS stated Enlink Midstream LLC (ENLC) stock as a Buy in their note to investors on June 26, 2023, suggesting a price target of $14 for the stock. On March 09, 2023, Citigroup Upgrade their recommendations, while on December 09, 2022, Citigroup Initiated their ratings for the stock with a price target of $13. Stock get a Buy rating from Stifel on September 27, 2022.
