An Evaluation Of Enlink Midstream LLC (NYSE: ENLC) Prospects

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility.

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Stocks Info

ENLC belongs to the Energy sector of the NYSE while operating in the Oil & Gas Midstream industry. The current market capitalization of Enlink Midstream LLC is $7.01B. A total of 1.29 million shares were traded on the day, compared to an average of 2.14M shares.

In the most recent transaction, Global Infrastructure Investor sold 200,340,753 shares of ENLC for 14.90 per share on Oct 15 ’24. After the transaction, the 10% Owner now owns 0 company shares. In a previous transaction on Feb 28 ’24, Lamb Benjamin D sold 250,552 shares at 12.08 per share. ENLC shares that EVP and CFO owns now total 534,000.

Among the insiders who sold shares, Rossbach Jan Philipp disposed of 50,000 shares on Feb 23 ’24 at a per-share price of $12.32. This resulted in the VP & Chief Accounting Officer holding 58,410 shares of ENLC after the transaction.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Enlink Midstream LLC pays an annual dividend of $0.53, resulting in a dividend yield of 3.46%, and it has a price to earnings (P/E) ratio of 66.54. ENLC’s most recent ex-dividend date was 11/1/2024 when it declared a $0.1325 quarterly dividend that was paid in cash on 11/14/2024. Previously, the company paid the dividend on 8/14/2024 with an ex-dividend date of 8/2/2024. The ENLC stock dividend was $0.1325 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, ENLC has a high of $15.67 and a low of $11.53.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using 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 $2.06, while its Total Shareholder’s Equity was $2.99B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after 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 3.10.

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