Enlink Midstream LLC (NYSE:ENLC) does about 1.96M shares in volume on a normal day but saw 941945 shares change hands in Monday’s trading. The company now has a market cap of 6.19B USD. Its current market price is $13.66, marking an increase of 0.15% compared to the previous close of $13.64. The 52 week high reached by this stock is $13.98 whilst the lowest price level in 52 weeks is $8.45.
Enlink Midstream LLC (ENLC) has a 20-day trading average at $13.00 and the current price is -2.25% off the 52-week high compared with 61.56% distance from its 52-week low. The 50-day simple moving average of the closing price is $12.45 and its 200-day simple moving average is $12.17. If we look at the stock’s price movements over the week, volatility stands at 1.72%, which increases to 2.02% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 73.31 to suggest the stock is overbought.
The consensus objective for the share price is $14.00, suggesting that the stock has a potential upside of 2.43% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on March 22, 2024 when CapitalOne initiated the stock to “Overweight” and issued a price target of $15. UBS initiated its price target at $14.
Enlink Midstream LLC (ENLC) stock is up 3.41% over the week and 10.79% over the past month. Its price is 12.34% year-to-date and 29.60% over the past year.
The stock last released its quarterly earnings report for quarter ended 12/30/2023, with the company’s earnings per share (EPS) of $0.14 below consensus estimates by -$0.01. ENLC’s earnings per share are forecast to grow by 34.10% this year and 27.10% over next year. Expected sales for next quarter are $1.68 billion, which analysts say will come at $7.88 billion for the current fiscal year and next year at $7.94 billion. In addition, estimates put the company’s current quarterly revenue at an average of $1.82 billion.
To reach the target analysts have set, the stock logically needs to grow 2.43 percent from here.
Outstanding shares total 451.61M with insiders holding 0.53% of the shares and institutional holders owning 92.33% of the company’s common stock. The company has a return on investment of 3.72% and return on equity of 17.87%. The price to earnings ratio (P/E ratio) amounts to 30.86 while the forward price to earnings ratio is 18.30. The beta has a value of 2.33. Price to book ratio is 6.16 and price to sales ratio is 0.90.
