EnLink Midstream LLC (NYSE: ENLC) is -1.62% lower on its value in year-to-date trading and has touched a low of $0.88 and a high of $6.48 in the current 52-week trading range. The ENLC stock was last observed hovering at around $3.71 in the last trading session, with the day’s loss setting it -0.06% off its average median price target of $3.75 for the next 12 months. It is also 27.0% off the consensus price target high of $5.00 offered by 12 analysts, but current levels are -21.67% lower than the price target low of $3.00 for the same period.
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Currently trading at $3.65, the stock is -6.75% and 5.18% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.02 million and changing -1.62% at the moment leaves the stock 40.78% off its SMA200. ENLC registered -41.88% loss for a year compared to 6-month gain of 44.27%. The firm has a 50-day simple moving average (SMA 50) of $3.8303 and a 200-day simple moving average (SMA200) of $2.9377.
The stock witnessed a -7.83% loss in the last 1 month and extending the period to 3 months gives it a 52.72%, and is -4.45% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.77% over the week and 6.60% over the month.
EnLink Midstream LLC (ENLC) has around 1355 employees, a market worth around $1.78B and $3.99B in sales. Profit margin for the company is -30.30%. Distance from 52-week low is 314.77% and -43.67% from its 52-week high. The company has generated returns on investments over the last 12 months (-11.10%).
EnLink Midstream LLC (ENLC) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for EnLink Midstream LLC (ENLC) is a “Hold”. 12 analysts offering their recommendations for the stock have an average rating of 3.10, where 6 rate it as a Hold and 0 think it is a “Overweight”. 2 of the analysts rate the stock as a “Buy”. 4 analysts have rated the stock as a Sell or Underperform.
EnLink Midstream LLC is expected to release its quarterly report on 05/04/2021 and quarterly earnings per share for the current quarter are estimated at $0.01 with sales reaching $1.15B over the same period.The EPS is expected to grow by 77.60% this year, but quarterly earnings will post -34.90% year-over-year. Quarterly sales are estimated to shrink -0.50% in year-over-year returns.
EnLink Midstream LLC (ENLC) Top Institutional Holders
187 institutions hold shares in EnLink Midstream LLC (ENLC), with 5.43M shares held by insiders accounting for 1.11% while institutional investors hold 81.84% of the company’s shares. The shares outstanding are 489.70M, and float is at 258.59M with Short Float at 2.30%. Institutions hold 80.93% of the Float.
The top institutional shareholder in the company is Invesco Ltd. with over 46.13 million shares valued at $108.4 million. The investor’s holdings represent 8.39% of the ENLC Shares outstanding. As of Sep 29, 2020, the second largest holder is Alps Advisors Inc. with 31.49 million shares valued at $74.01 million to account for 5.73% of the shares outstanding. The other top investors are Chickasaw Capital Management, LLC which holds 16.44 million shares representing 2.99% and valued at over $38.64 million, while Mirae Asset Global Investments Co., Ltd. holds 1.60% of the shares totaling 8.77 million with a market value of $20.61 million.
EnLink Midstream LLC (ENLC) Insider Activity
The most recent transaction is an insider purchase by Vann Kyle D, the company’s Director. SEC filings show that Vann Kyle D bought 40,000 shares of the company’s common stock on Aug 07 at a price of $2.98 per share for a total of $0.12 million. Following the purchase, the insider now owns 0.19 million shares.
EnLink Midstream LLC (ENLC): Who are the competitors?
The company’s main competitors (and peers) include PBF Logistics LP (PBFX) that is trading -54.67% down over the past 12 months. NuStar Energy L.P. (NS) is -46.19% down on the 1-year trading charts. Short interest in the company’s stock has fallen -27.78% from the last report on Nov 12, 2020 to stand at a total of 7.59 million short shares sold with a short interest ratio of 1.79.