On September 19, 2023, a significant block trade took place involving ENLC, a privately negotiated securities transaction conducted away from public markets. This trade was arranged by hedge funds, institutional investors, and intermediaries, with the possibility of high-net-worth accredited investors participating as well. The specific details of the block trade indicate that 680,100 shares of ENLC were bought at a bid price of $12.74 per share.
In this transaction, the buyer agreed to purchase the aforementioned shares at the current bid price, which represents the highest price they were willing to pay. On the other hand, the seller agreed to sell the shares at this price. The execution of the trade at the bid price indicates mutual agreement between the buyer and seller, with the seller being content with selling at this price and the buyer finding it acceptable to acquire the shares at the same price.
EnLink Midstream, LLC
ENLC
Strong Buy
Updated on: 29/09/2023
Financial Health
Very Healthy
Debt to equity ratio: Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
ROE: Neutral
ENLC Stock Performance and Future Outlook in the Oil & Gas Pipelines Industry
On September 19, 2023, ENLC stock opened at $12.55, slightly higher than the previous day’s close of $12.48. Throughout the day, the stock price fluctuated within a range of $12.41 to $12.79. The trading volume was 3,476,899 shares, surpassing the average volume of the past three months, which stood at 2,489,282 shares. The market capitalization of ENLC was reported to be $5.7 billion.
ENLC, a company in the Industrial Services sector, specifically in the Oil & Gas Pipelines industry, has shown remarkable growth in its earnings over the past year. With an earnings growth of +1,548.69% last year, the company has demonstrated its ability to generate substantial profits. However, the earnings growth for this year has experienced a decline of -28.27%. Looking ahead, the projected earnings growth for the next five years is expected to be +3.00%.
The revenue growth for ENLC has been impressive, with a growth rate of +39.19% in the previous year. This indicates that the company has been successful in increasing its top line and expanding its business operations. The price-to-earnings (P/E) ratio for ENLC stands at 17.5, suggesting that investors are willing to pay 17.5 times the earnings per share (EPS) for the stock.
In terms of valuation, ENLC has a price-to-sales ratio of 0.63, indicating that the stock is trading at a relatively low price compared to its revenue. The price-to-book ratio of 4.42 suggests that the stock is trading at a higher price compared to its book value.
ENLC experienced a slight decline in stock price on September 19, 2023, with a change of -0.13 (-1.10%). This represents a small decrease in the value of the stock. In contrast, ETRN, a competitor in the Oil & Gas Pipelines industry, saw an increase in stock price, with a change of +0.18 (+1.89%).
ENLC is scheduled to release its next financial report on November 8, 2023. Analysts are forecasting an EPS of $0.13 for the current quarter. In the previous year, the company reported an annual revenue of $9.5 billion and a profit of $361.3 million, resulting in a net profit margin of 3.79%.
Although ENLC has no executives listed, the corporate headquarters of the company is located in Dallas, Texas.
In conclusion, ENLC’s stock performance on September 19, 2023, showed a slight decline. Despite the dip in earnings growth for this year, the company has demonstrated significant growth in the past and has positive earnings growth projected for the next five years. With impressive revenue growth and a relatively low price-to-sales ratio, ENLC remains an interesting prospect in the Oil & Gas Pipelines industry. Investors should keep an eye on the upcoming financial report to gain further insights into the company’s performance.
ENLC Stock Expected to Perform Well on September 19, 2023 with Potential for Growth
ENLC stock is expected to perform well on September 19, 2023, with a median target price of $14.00, representing a 9.98% increase from the last price of $12.73. The consensus among 11 investment analysts is to buy stock in EnLink Midstream LLC. The company reported earnings per share of $0.13 and sales of $1.9 billion for the current quarter, indicating positive financial performance. Investors should keep an eye on EnLink Midstream LLC as it has the potential for growth. However, stock market performances are subject to various factors, and investors should conduct thorough research and consider their own risk tolerance before making any investment decisions. EnLink Midstream LLC is scheduled to report its next earnings on November 8, which may impact its stock price.
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