EnLink Midstream, LLC (NYSE:ENLC) has a beta value of 3.41 and has seen 1,972,215 shares traded in the recent trading session. The company, currently valued at $2.24 Billion, closed the recent trade at $4.53 per share which meant it lost -$0.1 on the day or -2.05% during that session. The ENLC stock price is -13.47% off its 52-week high price of $5.14 and 78.37% above the 52-week low of $0.98. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.14 Million shares traded. The 3-month trading volume is 2.73 Million shares.
The consensus among analysts is that EnLink Midstream, LLC (ENLC) is a Hold stock at the moment, with a recommendation rating of 3.1. 3 analysts rate the stock as a Sell, while none rate it as Overweight. 6 out of 11 have rated it as a Hold, with 2 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$0.02.
EnLink Midstream, LLC (NYSE:ENLC) trade information
Despite being -2.05% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Wednesday, Apr 28 when the ENLC stock price touched $5.01-9 or saw a rise of 9.08%. Year-to-date, EnLink Midstream, LLC shares have moved 22.78%, while the 5-day performance has seen it change -5.69%. Over the past 30 days, the shares of EnLink Midstream, LLC (NYSE:ENLC) have changed 2.13%. Short interest in the company has seen 11.35 Million shares shorted with days to cover at 4.16.
Wall Street analysts have a consensus price target for the stock at $4.55, which means that the shares’ value could jump 0.44% from the levels at last check today. The projected low price target is $3.5 while the price target rests at a high of $6. In that case, then, we find that the latest price level in today’s session is +32.45% off the targeted high while a plunge would see the stock lose -22.74% from the levels at last check today.
EnLink Midstream, LLC (ENLC) estimates and forecasts
Figures show that EnLink Midstream, LLC shares have underperformed across the wider relevant industry. The company’s shares have gained +75.38% over the past 6 months, with this year growth rate of -104%, compared to 31% for the industry. Other than that, the company has, however, increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are 96.6% and -200% for the next quarter. Revenue growth from the last financial year stood is estimated to be +5.1%.
3 analysts offering their estimates for the company have set an average revenue estimate of $955.85 Million for the current quarter. 3 have an estimated revenue figure of $1.03 Billion for the next quarter concluding in June 01, 2021. Year-ago sales stood $1.16 Billion and $744.9 Million respectively for this quarter and the next, and analysts expect sales will grow by -17.3% for the current quarter and 37.7% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +16.9% over the past 5 years. Earnings growth for 2021 is a modest +64.3%.
EnLink Midstream, LLC is expected to release its next earnings report between May 04 and May 04 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.38 at a share yield of 8.1%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 12.81%.
EnLink Midstream, LLC (NYSE:ENLC)’s Major holders
Insiders own 1.15% of the company shares, while shares held by institutions stand at 82.96% with a share float percentage of 83.93%. Investors are also buoyed by the number of investors in a company, with EnLink Midstream, LLC having a total of 190 institutions that hold shares in the company. The top two institutional holders are Invesco Ltd. with over 45.73 Million shares worth more than $169.66 Million. As of December 30, 2020, Invesco Ltd. held 9.33% of shares outstanding.
The other major institutional holder is Alps Advisors Inc., with the holding of over 33.14 Million shares as of December 30, 2020. The firm’s total holdings are worth over $122.94 Million and represent 6.76% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Alps ETF Tr-Alerian MLP ETF and Invesco Oppenheimer Steelpath MLP Income. As of February 27, 2021, the former fund manager holds about 6.61% shares in the company for having 32398472 shares of worth $124.73 Million while later fund manager owns 30.76 Million shares of worth $118.44 Million as of February 27, 2021, which makes it owner of about 6.28% of company’s outstanding stock.