The price of Enlink Midstream LLC (NYSE:ENLC) shares last traded on Wall Street rose 5.08% to $12.82.
Based on available information, 12 analysts follow Enlink Midstream LLC (NYSE:ENLC). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $17.00 and a low of $13.00, we find $14.00. Given the previous closing price of $12.20, this indicates a potential upside of 14.75 percent. ENLC stock price is now 3.52% away from the 50-day moving average and 13.40% away from the 200-day moving average. The market capitalization of the company currently stands at $5.92B.
Among analysts, 5 rate the stock a hold while 6 rate it a buy. Brokers who have rated the stock have averaged $14.25 as their price target over the next twelve months.
In other news, Brooks Alaina K, EVP, CL&AO, and Secretary sold 35,023 shares of the company’s stock on Aug 11. The stock was sold for $420,276 at an average price of $12.00. Upon completion of the transaction, the EVP, CL&AO, and Secretary now directly owns 465,486 shares in the company, valued at $5.97 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 10, EVP, CL&AO, and Secretary Brooks Alaina K sold 40,210 shares of the business’s stock. A total of $484,530 was realized by selling the stock at an average price of $12.05. This leaves the insider owning 500,509 shares of the company worth $6.42 million. Insiders disposed of 1,086,754 shares of company stock worth roughly $13.93 million over the past 1 year. A total of 49.37% of the company’s stock is owned by insiders.
A candlestick chart of Enlink Midstream LLC (NYSE: ENLC) showed a price of $12.13 on Thursday morning. During the past 12 months, Enlink Midstream LLC has had a low of $8.45 and a high of $13.58. As of last week, the company has a debt-to-equity ratio of 4.37, a current ratio of 0.95, and a quick ratio of 0.86. The fifty day moving average price for ENLC is $12.40 and a two-hundred day moving average price translates $11.31 for the stock.
The latest earnings results from Enlink Midstream LLC (NYSE: ENLC) was released for Sep, 2023. According to the Oil & Gas Midstream Company, earnings per share came in at $0.12, beating analysts’ expectations of $0.11 by 0.01. This compares to $0.17 EPS in the same period last year. The net profit margin was 4.27% and return on equity was 25.77% for ENLC. The company reported revenue of $1.75 billion for the quarter, compared to $2.66 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -34.44 percent. For the current quarter, analysts expect ENLC to generate $2.05B in revenue.
Enlink Midstream LLC(ENLC) Company Profile
EnLink Midstream, LLC provides midstream energy services in the United States. It operates through five segments: Permian, Louisiana, Oklahoma, North Texas, and Corporate. The company is involved in gathering, compressing, treating, processing, transporting, storing, and selling natural gas; fractionating, transporting, storing, and selling natural gas liquids; and gathering, transporting, stabilizing, storing, trans-loading, and selling crude oil and condensate, as well as providing brine disposal services. Its midstream energy asset network includes natural gas processing plants; fractionators; barge and rail terminals; product storage facilities; brine disposal wells; and a crude oil trucking fleet. The company was incorporated in 2013 and is based in Dallas, Texas.
