The price of Enlink Midstream LLC (NYSE:ENLC) shares last traded on Wall Street rose 1.99% to $15.91.
ENLC stock price is now 6.53% away from the 50-day moving average and 16.01% away from the 200-day moving average. The market capitalization of the company currently stands at $7.27B.
, while ‘UBS’ rates the stock as ‘Neutral’
In other news, Global Infrastructure Investor, 10% Owner sold 200,340,753 shares of the company’s stock on Oct 15 ’24. The stock was sold for $2,985,077,220 at an average price of $14.90. Upon completion of the transaction, the 10% Owner now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 28 ’24, EVP and CFO Lamb Benjamin D sold 250,552 shares of the business’s stock. A total of $3,026,668 was realized by selling the stock at an average price of $12.08. This leaves the insider owning 534,000 shares of the company worth $8.5 million. A total of 44.27% of the company’s stock is owned by insiders.
During the past 12 months, Enlink Midstream LLC has had a low of $11.53 and a high of $16.40. As of last week, the company has a debt-to-equity ratio of 5.15, a current ratio of 0.42, and a quick ratio of 0.36. According to the stock market information, the enterprise value for the company is $13496132608, which is based on a 69.05 price-to-earnings ratio, a 69.05 price-to-earnings-growth ratio, and a beta of 2.38. The fifty day moving average price for ENLC is $14.9092 and a two-hundred day moving average price translates $13.69495 for the stock.
The latest earnings results from Enlink Midstream LLC (NYSE: ENLC) was released for 2024-09-30. The net profit margin was 1.58% and return on equity was 10.36% for ENLC. The company reported revenue of $1.61 billion for the quarter, compared to $1.75 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -7.89 percent.
