Enlink Midstream Llc (NYSE:ENLC) shares traded -4.43% down during most recent session to reach at the closing price of $12.5. The stock exchanged hands 3.96 Million shares versus average trading capacity of 630.08 Million shares, yielding a market cap of $2.32 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $17.47 within the next 52-weeks. The mean target projections are based on 15 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Enlink Midstream Llc (NYSE:ENLC) high price target of $20 and with a conservative view have low price target of $12.
Credit Suisse “Initiates Coverage On” Enlink Midstream Llc (NYSE:ENLC) in a research note issued to investors on 10/11/18 to Neutral with price target of $19.
Additionally on 8/29/18 Barclays “Maintained” Enlink Midstream Llc (NYSE:ENLC) to Equal-Weight setting price target at $18 and on 6/12/18 Barclays “Maintained” the stock to Equal-Weight at $16. Furthermore on 6/05/18 Bank of America “Maintained” the stock to Neutral at $18.
On the other hand the company has Relative Strength Index (RSI 14) of 22.12 along with Average True Range (ATR 14) of 0.63, Consequently Enlink Midstream Llc (NYSE:ENLC)’s weekly and monthly volatility is 5.16%, 4.34% respectively. The company’s beta value is at 2.34.
In terms of Buy, Sell or Hold recommendations, Enlink Midstream Llc (NYSE:ENLC) has analysts’ mean recommendation of 2.9. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts Enlink Midstream Llc (NYSE:ENLC)’s minimum EPS for the current quarter is at $-0.11 and can go high up to $0.29. The consensus mean EPS for the current quarter is at $0.11 derived from a total of 8 estimates from the analysts who have weighed in on projected earnings. However the company reported $-0.04 earnings per share for the same quarter during last year.
Previously Enlink Midstream Llc (NYSE:ENLC) reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by $-0.07. The company posted an earnings surprise of -63.6%.
Enlink Midstream Llc (NYSE:ENLC)’s revenue estimates for the current quarter are $1.98 Billion according to 5 number of analysts, for the current quarter the company has high revenue estimates of $2.22 Billion in contradiction of low revenue estimates of $1.65 Billion. For the current year the company’s revenue estimates are $7.41 Billion compared to low analyst estimates of $6.67 Billion and high estimates of $7.82 Billion according to 6 number of analysts.
Currently Enlink Midstream Llc (NYSE:ENLC)’s shares owned by insiders are 0.6%, whereas shares owned by institutional owners are 97.3%. However the six-month change in the insider ownership was recorded -5.4%, as well as three-month change in the institutional ownership was recorded 175.8%.
Enlink Midstream Llc (NYSE:ENLC)’s trailing twelve month revenues are $6.68 Billion, whereas its price to sales ratio for the same period is 0.35. Its book value per share for the most recent quarter is $10.33 while its price to book ratio for the same period is 1.21, as for as the company’s cash per share for the most recent quarter is $0, however its price to cash per share ratio for the same period is 0. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 58.96.