Things appear to be looking up for Enlink Midstream LLC (ENLC)

Enlink Midstream LLC (NYSE: ENLC) is -1.38% lower on its value in year-to-date trading and has touched a low of $8.45 and a high of $13.98 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ENLC stock was last observed hovering at around $12.27 in the last trading session, with the day’s loss setting it -0.14% off its average median price target of $14.00 for the next 12 months. It is also 28.65% off the consensus price target high of $17.00 offered by 11 analysts, but current levels are 6.69% higher than the price target low of $13.00 for the same period.

Currently trading at $12.13, the stock is -5.65% and -4.32% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.4 million and changing -1.14% at the moment leaves the stock 6.44% off its SMA200. ENLC registered 2.54% gain for a year compared to 6-month gain of 20.58%. The firm has a 50-day simple moving average (SMA 50) of $1.45 and a 200-day simple moving average (SMA200) of $7.86.

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The stock witnessed a -7.76% loss in the last 1 month and extending the period to 3 months gives it a -4.26%, and is -0.25% 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 2.48% over the week and 2.86% over the month.

Enlink Midstream LLC (ENLC) has around 1132 employees, a market worth around $5.54B and $7.07B in sales. Current P/E ratio is 19.02 and Fwd P/E is 19.42. Profit margin for the company is 4.27%. Distance from 52-week low is 43.47% and -13.20% from its 52-week high. The company has generated returns on investments over the last 12 months (5.29%).

Enlink Midstream LLC (ENLC) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Enlink Midstream LLC (ENLC) is a “Overweight”. 11 analysts offering their recommendations for the stock have an average rating of 2.00, where 5 rate it as a Hold and 1 think it is a “Overweight”. 5 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Enlink Midstream LLC is expected to release its quarterly report on 02/13/2024.The EPS is expected to shrink by -34.84% this year.

Enlink Midstream LLC (ENLC) Top Institutional Holders

The shares outstanding are 468.98M, and float is at 228.84M with Short Float at 5.37%.

Enlink Midstream LLC (ENLC) Insider Activity

A total of 6 insider transactions have happened at Enlink Midstream LLC (ENLC) in the last six months, with sales accounting for 4 and purchases happening 2 times. The most recent transaction is an insider sale by Brooks Alaina K,the company’sEVP, CL&AO, and Secretary. SEC filings show that Brooks Alaina K sold 35,023 shares of the company’s common stock on Aug 11 at a price of $12.00 per share for a total of $0.42 million. Following the sale, the insider now owns 0.47 million shares.

Enlink Midstream LLC disclosed in a document filed with the SEC on Aug 10 that Brooks Alaina K (EVP, CL&AO, and Secretary) sold a total of 40,210 shares of the company’s common stock. The trade occurred on Aug 10 and was made at $12.05 per share for $0.48 million. Following the transaction, the insider now directly holds 0.5 million shares of the ENLC stock.

Still, SEC filings show that on Aug 09, Brooks Alaina K (EVP, CL&AO, and Secretary) disposed off 131,586 shares at an average price of $12.13 for $1.6 million. The insider now directly holds 540,719 shares of Enlink Midstream LLC (ENLC).

Enlink Midstream LLC (ENLC): Who are the competitors?

The company’s main competitors (and peers) include NuSTAR Energy L.P. (NS) that is trading 17.38% up over the past 12 months. Plains GP Holdings LP (PAGP) that is 27.51% higher over the same period.