Enlink Midstream LLC (NYSE: ENLC) – Suitable For Long Term Buy?

Currently, there are 458.62M common shares owned by the public and among those 254.74M shares have been available to trade.

The company’s stock has a 5-day price change of -5.66% and 1.66% over the past three months. ENLC shares are trading 20.64% year to date (YTD), with the 12-month market performance up to 14.43% higher. It has a 12-month low price of $11.53 and touched a high of $16.40 over the same period. ENLC has an average intraday trading volume of 2.23 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -5.19%, -2.78%, and 5.87% respectively.

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Institutional ownership of Enlink Midstream LLC (NYSE: ENLC) shares accounts for 48.91% of the company’s 458.62M shares outstanding.

It has a market capitalization of $6.71B and a beta (3y monthly) value of 2.36. The stock’s trailing 12-month PE ratio is 63.67, while the earnings-per-share (ttm) stands at $0.23. The company has a PEG of 63.67 and a Quick Ratio of 0.36 with the debt-to-equity ratio at 5.15. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.55% over the week and 2.31% over the month.

Earnings per share for the fiscal year are expected to decrease by -0.28%, and 68.59% over the next financial year.

Mizuho coverage for the Enlink Midstream LLC (ENLC) stock in a research note released on October 31, 2024 offered a Neutral rating with a price target of $15. UBS was of a view on September 30, 2024 that the stock is Neutral, while Morgan Stanley gave the stock Equal-Weight rating on September 16, 2024, issuing a price target of $16. CapitalOne on their part issued Equal Weight rating on September 03, 2024.

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