ENLC Stock Summary and Trading Ideas (Enlink Midstream Llc Common Units Representing Limited Partner Interests | NYSE:ENLC)

EnLink Midstream LLC is an integrated midstream company. The company's operating segment includes Permian; North Texas; Oklahoma; Louisiana and Corporate. The company generates maximum revenue from the Louisiana segment. The Louisiana segment includes natural gas pipelines, natural gas processing plants, storage facilities, fractionation facilities, and NGL assets.

Enlink Midstream Llc Common Units Representing Limited Partner Interests trades on the NYSE stock market under the symbol ENLC.

As of April 17, 2024, ENLC stock price declined to $13.43 with 1,368,456 million shares trading.

ENLC has a beta of 0.62, meaning it tends to be less sensitive to market movements. ENLC has a correlation of 0.06 to the broad based SPY ETF.

ENLC has a market cap of $6.09 billion. This is considered a Mid Cap stock.

Last quarter Enlink Midstream Llc Common Units Representing Limited Partner Interests reported $2 billion in Revenue and $.14 earnings per share. This fell short of revenue expectation by $-299 million and missed earnings estimates by -$.01.

In the last 3 years, ENLC stock traded as high as $14.18 and as low as $4.15.

The top ETF exchange traded funds that ENLC belongs to (by Net Assets): AMLP, MLPA, AMZA, MLPX, IFRA.

ENLC has outperformed the market in the last year with a return of +33.0%, while the SPY ETF gained +22.5%. In the last 3 month period, ENLC beat the market returning +13.1%, while SPY returned +6.3%. However, in the most recent 2 weeks ENLC has underperformed the stock market by returning -3.7%, while SPY returned -3.6%.

ENLC support price is $13.28 and resistance is $13.62 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ENLC stock will trade within this expected range on the day.