Enlink Midstream LLC (NYSE: ENLC) has reported E.P.S. of $0.07 for its second fiscal quarter (ending June 30) versus $0.12 for the same period a year ago — a decline of -42%. For the latest four quarters through June 30, E.P.S. were $0.31 versus $0.75 for the same period a year ago — a decline of -59%.
Recent Price Action
On 8/6/24, Enlink Midstream LLC (NYSE: ENLC) stock enjoyed a large increase of 2.7%, closing at $12.91. Moreover, exceptionally high trading volume at 366% of normal accompanied the advance. The stock has performed in line with the market over the last nine months and has declined -5.7% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, ENLC is expected to continue to be a major Value Builder.
Enlink Midstream has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Enlink Midstream has a very low Appreciation Score of 8 but a slightly positive Power Rating of 67, and the Negative Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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