EnLink Midstream LLC [ENLC] Is Currently -1.66 below its 200 Period Moving Avg: What Does This Mean?



EnLink Midstream LLC [NYSE: ENLC] closed the trading session at $7.70 on 01/13/22. The day’s price range saw the stock hit a low of $7.65, while the highest price level was $7.96. The company report on December 20, 2021 that EnLink Midstream Appoints New Director to Board.

Tiffany Thom Cepak brings extensive energy sector experience.

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EnLink Midstream, LLC (NYSE: ENLC) (EnLink) announced today the appointment of Tiffany (TJ) Thom Cepak to its Board of Directors (Board).

The stocks have a year to date performance of 11.76 percent and weekly performance of 8.45 percent. The stock has been moved at 37.50 percent over the last six months. The stock has performed 21.45 percent around the most recent 30 days and changed -5.75 percent over the most recent 3-months.

If compared to the average trading volume of 2.13M shares, ENLC reached to a volume of 2870466 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about EnLink Midstream LLC [ENLC]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ENLC shares is $7.91 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ENLC stock is a recommendation set at 3.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Morgan Stanley have made an estimate for EnLink Midstream LLC shares, keeping their opinion on the stock as Equal-Weight, with their previous recommendation back on January 07, 2022. The new note on the price target was released on June 14, 2021, representing the official price target for EnLink Midstream LLC stock. Previously, the target price had yet another raise to $5, while RBC Capital Mkts analysts kept a Sector Perform rating on ENLC stock. On April 23, 2021, analysts increased their price target for ENLC shares from 4.50 to 6.

The Average True Range (ATR) for EnLink Midstream LLC is set at 0.28, with the Price to Sales ratio for ENLC stock in the period of the last 12 months amounting to 0.65. The Price to Book ratio for the last quarter was 2.82, with the Price to Cash per share for the same quarter was set at 0.08. Price to Free Cash Flow for ENLC in the course of the last twelve months was 8.37 with Quick ratio for the last quarter at 0.80.

ENLC stock trade performance evaluation

EnLink Midstream LLC [ENLC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 8.45. With this latest performance, ENLC shares gained by 21.45% in over the last four-week period, additionally plugging by 37.50% over the last 6 months – not to mention a rise of 77.01% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ENLC stock in for the last two-week period is set at 66.83, with the RSI for the last a single of trading hit 71.81, and the three-weeks RSI is set at 62.40 for EnLink Midstream LLC [ENLC]. The present Moving Average for the last 50 days of trading for this stock 6.96, while it was recorded at 7.61 for the last single week of trading, and 6.14 for the last 200 days.

EnLink Midstream LLC [ENLC]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and EnLink Midstream LLC [ENLC] shares currently have an operating margin of +10.51 and a Gross Margin at +13.15. EnLink Midstream LLC’s Net Margin is presently recorded at -10.76.

Return on Total Capital for ENLC is now 4.97, given the latest momentum, and Return on Invested Capital for the company is -6.60. Return on Equity for this stock declined to -23.30, with Return on Assets sitting at -4.52. When it comes to the capital structure of this company, EnLink Midstream LLC [ENLC] has a Total Debt to Total Equity ratio set at 313.45. Additionally, ENLC Total Debt to Total Capital is recorded at 75.81, with Total Debt to Total Assets ending up at 52.32. Long-Term Debt to Equity for the company is recorded at 288.94, with the Long-Term Debt to Total Capital now at 69.88.

Reflecting on the efficiency of the workforce at the company, EnLink Midstream LLC [ENLC] managed to generate an average of -$394,294 per employee. Receivables Turnover for the company is 7.65 with a Total Asset Turnover recorded at a value of 0.42.EnLink Midstream LLC’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.80 and a Current Ratio set at 0.90.

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EnLink Midstream LLC [ENLC]: Insider Ownership positions

There are presently around $1,463 million, or 86.10% of ENLC stock, in the hands of institutional investors. The top three institutional holders of ENLC stocks are: ALPS ADVISORS INC with ownership of 41,785,760, which is approximately 19.451% of the company’s market cap and around 0.40% of the total institutional ownership; INVESCO LTD., holding 40,120,492 shares of the stock with an approximate value of $308.93 million in ENLC stocks shares; and CHICKASAW CAPITAL MANAGEMENT LLC, currently with $144.83 million in ENLC stock with ownership of nearly -0.947% of the company’s market capitalization.

Positions in EnLink Midstream LLC stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 84 institutional holders increased their position in EnLink Midstream LLC [NYSE:ENLC] by around 21,209,958 shares. Additionally, 70 investors decreased positions by around 14,174,258 shares, while 24 investors held positions by with 154,569,457 shares. The mentioned changes placed institutional holdings at 189,953,673 shares, according to the latest SEC report filing. ENLC stock had 29 new institutional investments in for a total of 1,140,166 shares, while 13 institutional investors sold positions of 695,927 shares during the same period.