Enlink Midstream LLC (NYSE: ENLC): Reassessing Prospects

Enlink Midstream LLC (ENLC) concluded trading on Thursday at a closing price of $14.27, with 2.61 million shares of worth about $37.28 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 6.73% during that period and on December 26, 2024 the price saw a loss of about -0.97%. Currently the company’s common shares owned by public are about 458.62M shares, out of which, 252.80M shares are available for trading.

Stock saw a price change of 3.86% in past 5 days and over the past one month there was a price change of -8.53%. Year-to-date (YTD), ENLC shares are showing a performance of 17.35% which increased to 16.49% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $11.53 but also hit the highest price of $16.40 during that period. The average intraday trading volume for Enlink Midstream LLC shares is 2.32 million. The stock is currently trading -3.55% below its 20-day simple moving average (SMA20), while that difference is down -4.92% for SMA50 and it goes to 2.27% higher than SMA200.

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Enlink Midstream LLC (NYSE: ENLC) currently have 458.62M outstanding shares and institutions hold larger chunk of about 48.82% of that.

The stock has a current market capitalization of $6.52B and its 3Y-monthly beta is at 2.36. PE ratio of stock for trailing 12 months is 61.94, while it has posted earnings per share of $0.23 in the same period. Its PEG reads 61.94 and has Quick Ratio of 0.36 while making debt-to-equity ratio of 5.15. 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 2.01% while standing at 2.14% over the month.

Stock’s fiscal year EPS is expected to drop by -0.97% while it is estimated to increase by 70.41% in next year.

Coverage by Mizuho stated Enlink Midstream LLC (ENLC) stock as a Neutral in their note to investors on October 31, 2024, suggesting a price target of $15 for the stock. On September 30, 2024, UBS Downgrade their recommendations, while on September 16, 2024, Morgan Stanley Downgrade their ratings for the stock with a price target of $16. Stock get an Equal weight rating from CapitalOne on September 03, 2024.

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