How to Buy Enlink Midstream Stock
Enlink Midstream LLC
Enlink Midstream is a oil & gas midstream company located in Texas, United States, which is part of the Energy sector, and is traded under the ticker ENLC on the NYSE exchange.
Enlink Midstream stock last closed at $14.60, down 1.02% from the previous day, and has increased 19.18% in one year. It has underperformed other stocks in the Oil & Gas Midstream industry by 0.12 percentage points. Enlink Midstream stock is currently +26.63% from its 52-week low of $11.53, and -1.35% from its 52-week high of $14.80.
At the moment, there are 461.45M shares of ENLC outstanding. The market capitalization of ENLC is $6.74B. In the last 24 hours, 1.24M ENLC shares were traded.
How to Buy Enlink Midstream Stock
Not sure how to invest in Enlink Midstream stock? Here's how.
- Decide where to buy Enlink Midstream stock: You need to pick an online brokerage, but don't worry - we've tested dozens of online brokerages and apps to help you choose where to buy Enlink Midstream stock.
- Create your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Deposit money your investment account: Choose your method of payment and add your info.
- Analyze Enlink Midstream stock: The Enlink Midstream ticker symbol is ENLC. Is Enlink Midstream stock a good investment? Should you buy shares of ENLC? How do ENLC's underlying business fundamentals look? Do top analysts think Enlink Midstream is a good buy? Why has ENLC's stock price moved recently? (Hint: Our stock market research website can help you figure out if ENLC is a good stock to buy).
- Make your ENLC purchase: Decide if you will purchase ENLC shares at the current market price or use a limit order to purchase ENLC shares at a specific price.
- Get key alerts regarding your ENLC position: Create a watchlist to keep tabs on your position in Enlink Midstream shares.
Step 1: Decide where to buy Enlink Midstream stock
You will need a brokerage account in order to access the NYSE market and buy ENLC stock.
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Open eToro AccountStep 2: Create your brokerage account
Now that you've chosen the best brokerage, the next step is to fill out some personal info so you can invest in ENLC today.
How to Create a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal info to create your new brokerage account.
- Submit your details by clicking the "Create Account" button. Get started with eToro today
Step 3: Deposit money your investment account
Now that you've created your account on investing apps, you can securely and quickly fund your account:
Check out this video walkthrough to see the process of depositing funds into your new investment account.
Step 4: Analyze Enlink Midstream stock
Once you have chosen the best place to buy Enlink Midstream stock, it's absolutely critical to evaluate their stock before you invest, so you truly comprehend the risk as well as the opportunity.
Enlink Midstream stock data
Enlink Midstream Due Diligence Checks
WallStreetZen was built to help everyday investors do more accurate fundamental analysis.
You can see all of the due diligence checks on ENLC's stock page.
Is ENLC stock undervalued or overvalued?
Investors use many financial metrics, analyses, models, and charts to gauge ENLC's true value.
Using relative valuations metrics:
- ENLC may be overvalued based on its P/E ratio of 48.67x, relative to Oil & Gas Midstream industry P/E ratio of 16.43x
- ENLC could be overvalued based on its P/B ratio of 7.34x, relative to Oil & Gas Midstream industry P/B ratio of 2.65x
- ENLC may be overvalued based on its PEG ratio of 1.04x
You can do more valuation analysis on ENLC's stock here.
ENLC Financial Health
Passed Health Checks:
- ENLC's operating cash flow of $1.09B allows it to safely service it's debt of $4.66B.
Failed Health Checks:
- Total ENLC debt is higher than 5 years ago, relative to shareholder equity.
- There are more short-term liabilities than short-term assets on the ENLC balance sheet.
- ENLC earnings of $451.90M is not enough to cover its interest payments.
- ENLC has a relatively high debt to equity ratio of 6.2.
- There are more long-term liabilities than short-term assets on the ENLC balance sheet.
- ENLC profit margin has gone down from 4.4% to 2.2% in the past year.
Is it a good time to buy ENLC stock, according to analysts?
Out of 8 sell side analysts who give recommendations on ENLC, the consensus analyst rating on Enlink Midstream is a Hold
It's important to note that analyst forecasts are not recommendations, nor are they investment advice.
Latest ENLC Analyst Forecasts
Elvira Scotto, a bottom 10% analyst from RBC Capital reiterates ENLC with a hold rating and maintains their ENLC price target from $15.00 to $15.00, on Aug 29, 2024.
Jeremy Tonet, a top 14% analyst from JP Morgan maintains ENLC with a hold rating and raises their ENLC price target from $14.00 to $15.00, on Jul 10, 2024.
Spiro Dounis, a top 8% analyst from Citigroup maintains ENLC with a strong buy rating and raises their ENLC price target from $13.00 to $16.00, on Apr 16, 2024.
Citigroup's Spiro Dounis raised their price target on Enlink Midstream (NYSE: ENLC) by 23.1% from $13 to $16 on 2024/04/16. The analyst maintained their Strong Buy rating on the stock.
Citigroup "modestly" increased its Oklahoma revenue forecast to "modest growth in 2025 to 2026" to account for "what could be a stronger natural gas market," Dounis reported.
Opening a "30-day positive catalyst watch" on Enlink Midstream, the analyst said they now expect the company to "take a lighter Capex approach to carbon capture, transportation, and sequestration (CSC)."
The company is currently re-evaluating the Pecan Island project and, if possible, will shift its focus to more profitable projects, Dounis said.
Any excess cash flow not spent on CSC will likely be directed to the buyback program this year, the analyst predicted, adding that Enlink Midstream will probably post positive news on CSC development and the Pecan Island project during the Q1 2024 earnings call on 2024/05/01.
Footnotes
The current Zacks Consensus EPS Estimate for Enlink Midstream's Q1 is $0.14 which, if achieved, would represent a 16.67% increase over Q1 2023's $0.12.
You can dive deeper into what analysts are saying on the Enlink Midstream stock forecast page.
ENLC Trading Indicators
How is ENLC performing as a company?
Last year, ENLC earnings were $146.30M. Over the past two year, ENLC's earnings have increased by -9.95% per year. This was slower than the Oil & Gas Midstream industry average of 30.57%.
Last year, ENLC revenue was $6.80B. In the past 5 year, ENLC's revenue has increased by -2.35% per year. This was slower than the Oil & Gas Midstream industry average of 7.48%.
You can analyze ENLC's earnings and revenue performance here.
Who is buying/selling ENLC?
Over the last 12 months, executives and large shareholders at ENLC have sold more shares than they have bought.
Adam S. Forman, EVP and General Counsel of ENLC, was the latest ENLC insider to sell. They sold $188,360.12 worth of ENLC shares on Sep 1, 2024.
Learn more about who owns ENLC shares here.
Does ENLC provide a stable income stream?
Enlink Midstream pays a dividend of 3.58%, compared to the Oil & Gas Midstream industry's average dividend yield of 5.93%. If you owned $1,000 of ENLC stock, you would have been paid $35.79 in the past year.
Enlink Midstream dividend payments have not consistently grown over the past decade and have not remained stable.
Dig into more analysis about Enlink Midstream dividend yield and history here.
What do other traders have to say about ENLC?
One of the primary reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to learn what other traders have to say.
Step 5: Make your ENLC purchase
There are two main order types:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are usually the best for newer investors. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at a specific price, place a limit order.
Click the Open button and eToro will place your order.
If you need more assistance investing in stocks on eToro, click the how to video below:
Step 6: Get key alerts regarding your ENLC position
Now that you own some ENLC shares, you'll want to keep up with your new investment.
Make a watchlist to track the latest developments regarding your ENLC stock.
ENLC Feed
How to Buy Stock in Enlink Midstream
To reiterate, here are the 6 steps for buying Enlink Midstream stock:
- Decide where to buy Enlink Midstream stock
- Create your brokerage account
- Deposit money your investment account
- Analyze Enlink Midstream stock
- Make your ENLC purchase
- Get key alerts regarding your ENLC position
If you are looking for a brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you want to get the latest news on your investment in Enlink Midstream, create a watchlist today.
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