Investing In Enlink Midstream LLC (NYSE: ENLC): Why Should You?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours.

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Stocks Info

The company is listed on the NYSE and operates within the Oil & Gas Midstream industry segment. The current market capitalization of Enlink Midstream LLC is $6.32B. A total of 2.38 million shares were traded on the day, compared to an average of 1.78M shares.

In the most recent transaction, Lamb Benjamin D sold 250,552 shares of ENLC for 12.08 per share on Feb 28 ’24. After the transaction, the EVP and CFO now owns 534,000 company shares. In a previous transaction on Feb 23 ’24, Rossbach Jan Philipp sold 50,000 shares at 12.32 per share. ENLC shares that VP & Chief Accounting Officer owns now total 58,410.

Among the insiders who sold shares, Brooks Alaina K disposed of 35,023 shares on Aug 11 ’23 at a per-share price of $12.00. This resulted in the EVP, CL&AO, and Secretary holding 465,486 shares of ENLC after the transaction. In another insider transaction, Brooks Alaina K sold 40,210 shares at $12.05 per share on Aug 10 ’23. Company shares held by the EVP, CL&AO, and Secretary now total 500,509.

Dividend

The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Enlink Midstream LLC pays an annual dividend of $0.52, resulting in a dividend yield of 3.68%, and it has a price to earnings (P/E) ratio of 39.85. ENLC’s most recent ex-dividend date was 4/25/2024 when it declared a $0.1320 quarterly dividend that was paid in cash on 5/14/2024. Previously, the company paid the dividend on 2/9/2024 with an ex-dividend date of 1/26/2024. The ENLC stock dividend was $0.1325 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. In terms of 52-week highs and lows, ENLC has a high of $14.18 and a low of $10.91.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. ENLC’s latest balance sheet shows that the firm has $26.20M in Cash & Short Term Investments as of fiscal 2021. There were $4.38B in debt and $898.90M in liabilities at the time. Its Book Value Per Share was $2.00, while its Total Shareholder’s Equity was $2.99B.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ENLC is Buy with a score of 4.20.

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