28-Mar-2024
No headlines found.
EnLink Midstream Files 2023 Annual Report
PRNewswire (Wed, 21-Feb 5:03 PM ET)
PRNewswire (Tue, 20-Feb 5:05 PM ET)
EnLink Midstream Reports Fourth Quarter and Full-Year 2023 Results, Provides 2024 Financial Guidance
PRNewswire (Tue, 20-Feb 5:03 PM ET)
PRNewswire (Tue, 16-Jan 5:03 PM ET)
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 March 28, 2024, ENLC stock price climbed to $13.64 with 1,459,658 million shares trading.
ENLC has a beta of 0.72, meaning it tends to be less sensitive to market movements. ENLC has a correlation of 0.07 to the broad based SPY ETF.
ENLC has a market cap of $6.18 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 $13.98 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 price return of +38.0% while the SPY ETF gained +33.6%. ENLC has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +13.2% and +5.2%, respectively, while the SPY returned +10.1% and +1.7%, respectively.
ENLC support price is $13.17 and resistance is $13.54 (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.