Saturday, April 4, 2020

EnLink Midstream LLC (ENLC) Revenue clocked in at $6.96 billion, down -25.94% YTD: What’s Next?

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EnLink Midstream LLC (NYSE:ENLC) stock went on an upward path that rose over 0.22% on Thursday, amounting to a one-week price decrease of more than -2.58%. Over the last 12 months, ENLC stock dropped by -60.07%. The one-year ENLC stock forecast points to a potential downside of -0.54, with the average price target set at N/A per share. The average equity rating for ENLC stock is currently 2.70, trading closer to a bullish pattern in the stock market.

The market cap for ENLC stock reached $2.25 billion, with 495.22 million shares outstanding and 256.68 million shares in the current float. Compared to the average trading volume of 5.28M shares, ENLC reached a trading volume of 4093723 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on 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 $7.00 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 2.70. 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.

Wells Fargo have made an estimate for EnLink Midstream LLC shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on January 07, 2020. The new note on the price target was released on December 05, 2019, representing the official price target for EnLink Midstream LLC stock. Previously, the target price had yet another drop from $10 to $7, while UBS kept a Neutral rating on ENLC stock. On August 19, 2019, analysts decreased their price target for ENLC shares from 13.50 to 8.

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 0.32. The Price to Book ratio for the last quarter was 0.69, with the Price to Cash per share for the same quarter was set at 0.21. Price to Free Cash Flow for ENLC in the course of the last twelve months was N/A with Quick ratio for the last quarter at 0.90.

ENLC Stock Performance Analysis:

EnLink Midstream LLC (ENLC) fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.58. With this latest performance, ENLC shares dropped by -18.78% in over the last four-week period, additionally sinking by -43.53% over the last 6 months – not to mention a drop of -60.07% 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 30.05, with the RSI for the last a single of trading hit 27.72, and the three-weeks RSI is set at 35.45 for EnLink Midstream LLC (ENLC). The present Moving Average for the last 50 days of trading for this stock 5.47, while it was recorded at 4.53 for the last single week of trading, and 7.66 for the last 200 days.

Insight into EnLink Midstream LLC Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and EnLink Midstream LLC (ENLC) shares currently have an operating margin of +6.69 and a Gross Margin at +8.51. EnLink Midstream LLC’s Net Margin is presently recorded at -0.17.

Return on Total Capital for ENLC is now 5.56, given the latest momentum, and Return on Invested Capital for the company is -0.24. Return on Equity for this stock declined to -0.72, with Return on Assets sitting at -0.12. When it comes to the capital structure of this company, EnLink Midstream LLC (ENLC) has a Total Debt to Total Equity ratio set at 256.28. Additionally, ENLC Total Debt to Total Capital is recorded at 71.93, with Total Debt to Total Assets ending up at 41.13. Long-Term Debt to Equity for the company is recorded at 233.15, with the Long-Term Debt to Total Capital now at 65.44.

Reflecting on the efficiency of the workforce at the company, EnLink Midstream LLC (ENLC) managed to generate an average of -$9,110 per employee. Receivables Turnover for the company is 9.73 with a Total Asset Turnover recorded at a value of 0.72. EnLink Midstream LLC’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 0.90.

ENLC Stock EPS

With the latest financial reports released by the company, EnLink Midstream LLC posted 1.55/share EPS, while the average EPS was predicted by analysts to be reported at 0.12/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 1,191.70%. 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. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for EnLink Midstream LLC go to N/A.

EnLink Midstream LLC (ENLC) Insider Position Details

There are presently around $1,062 million, or 96.40% of ENLC stock, in the hands of institutional investors. The top three institutional holders of ENLC stocks are: ALPS ADVISORS INC with ownership of 31,194,714, which is approximately -0.449% of the company’s market cap and around 1.00% of the total institutional ownership; TORTOISE CAPITAL ADVISORS, L.L.C., holding 28,643,845 shares of the stock with an approximate value of $129.76 million in ENLC stocks shares; and CHICKASAW CAPITAL MANAGEMENT LLC, currently with $122.68 million in ENLC stock with ownership of nearly 19.078% of the company’s market capitalization.

Positions in EnLink Midstream LLC stocks held by institutional investors increased at the end of N/A and at the time of the N/A reporting period, where 107 institutional holders increased their position in EnLink Midstream LLC (NYSE:ENLC) by around 39,554,238 shares. Additionally, 95 investors decreased positions by around 41,947,206 shares, while 26 investors held positions by with 152,877,227 shares. The mentioned changes placed institutional holdings at 234,378,671 shares, according to the latest SEC report filing. ENLC stock had 41 new institutional investments in for a total of 4,529,378 shares, while 37 institutional investors sold positions of 13,113,457 shares during the same period.

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