What Are The Chances Of Enlink Midstream LLC (NYSE: ENLC) Becoming A Clear Buy?

After Hours

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.

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Stocks Info

As a NYSE listed company, ENLC falls under the Energy sector while operating within the Oil & Gas Midstream industry segment. The current market capitalization of Enlink Midstream LLC is $6.14B. A total of 1.22 million shares were traded on the day, compared to an average of 1.83M 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

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Enlink Midstream LLC pays an annual dividend of $0.39, resulting in a dividend yield of 2.87%, and it has a price to earnings (P/E) ratio of 38.68. ENLC’s most recent ex-dividend date was 8/2/2024 when it declared a $0.1325 quarterly dividend that was paid in cash on 8/14/2024. Previously, the company paid the dividend on 5/14/2024 with an ex-dividend date of 4/25/2024. The ENLC stock dividend was $0.1320 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, ENLC has a high of $14.38 and a low of $10.91.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. 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

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. 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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