Enlink Midstream LLC [NYSE: ENLC] traded at a high on Thursday, posting a 9.42 gain after which it closed the day’ session at $14.40.
The results of the trading session contributed to over 12367031 shares changing hands. Over the past one week, the price volatility of Enlink Midstream LLC stands at 2.58% while the volatility over the past one month is 3.01%.
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The market cap for ENLC stock reached $6.64 billion, with 451.61 million shares outstanding and 228.06 million shares in the current float. Compared to the average trading volume of 2.17M shares, ENLC reached a trading volume of 12367031 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus 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 $15.42 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 1.92. 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.
Tudor Pickering Holt & Co. have made an estimate for Enlink Midstream LLC shares, keeping their opinion on the stock as Buy, with their previous recommendation back on August 16, 2024. While these analysts kept the previous recommendation, Wells Fargo raised their target price from $13 to $17. The new note on the price target was released on July 08, 2024, representing the official price target for Enlink Midstream LLC stock. Previously, the target price had yet another raise from $13 to $16, while Citigroup kept a Buy rating on ENLC stock.
The Average True Range (ATR) for Enlink Midstream LLC is set at 0.45, with the Price to Sales ratio for ENLC stock in the period of the last 12 months amounting to 0.97. The Price to Book ratio for the last quarter was 7.09, with the Price to Cash per share for the same quarter was set at 0.01. Price to Free Cash Flow for ENLC in the course of the last twelve months was 10.42 with Quick ratio for the last quarter at 0.59.
How has ENLC stock performed recently?
Enlink Midstream LLC [ENLC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 9.59. With this latest performance, ENLC shares gained by 5.34% in over the last four-week period, additionally plugging by 16.79% over the last 6 months – not to mention a rise of 14.56% 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 65.07, with the RSI for the last a single of trading hit 71.28, and the three-weeks RSI is set at 61.28 for Enlink Midstream LLC [ENLC]. The present Moving Average for the last 50 days of trading for this stock 13.41, while it was recorded at 13.50 for the last single week of trading, and 12.97 for the last 200 days.
Enlink Midstream LLC [ENLC]: Deeper insight into the fundamentals
Enlink Midstream LLC’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.59 and a Current Ratio set at 0.65.
Earnings analysis for Enlink Midstream LLC [ENLC]
With the latest financial reports released by the company, Enlink Midstream LLC posted 0.06/share EPS, while the average EPS was predicted by analysts to be reported at 0.13/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.07. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ENLC.
Insider trade positions for Enlink Midstream LLC [ENLC]
There are presently around $92.53%, or 93.01%% of ENLC stock, in the hands of institutional investors. The top three institutional holders of ENLC stocks are: ALPS ADVISORS INC with ownership of 43.42 million shares, which is approximately 9.6205%. INVESCO LTD., holding 24.23 million shares of the stock with an approximate value of $$333.47 million in ENLC stocks shares; and INVESCO LTD., currently with $$198.2 million in ENLC stock with ownership which is approximately 3.1917%.
