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 $9.73, down 0.51% from the previous day, and has decreased 11.3% in one year. It has underperformed other stocks in the Oil & Gas Midstream industry by 0.11 percentage points. Enlink Midstream stock is currently +25.23% from its 52-week low of $7.77, and -28.35% from its 52-week high of $13.58.
At the moment, there are 465.99M shares of ENLC outstanding. The market capitalization of ENLC is $4.53B. In the last 24 hours, 2.69M 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.
Our preferred brokerage: eToro
In our opinion, eToro is the best brokerage. Here's why:
- Invest in stocks with 0% commissions: Invest without paying trading commissions.
- Buy fractional shares: Even if you don't have the money to buy a full share, you can still invest in the stock.
- Access to world financial markets: From Tech to Industrials, New York to Hong Kong — you can fill your portfolio with stocks from the globe's leading stock exchanges.
- Social investing: eToro has a community with more than 20 million users globally. Talk to, learn from, and copy the unique crypto portfolios of other investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other assets: Such as ETFs and cryptos.
Get $10 towards your purchase of stock by signing up for an account with eToro now.
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.
- Provide your personal info to create your new brokerage account.
- Submit your details by clicking the "Create Account" button.
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 undervalued based on its P/E ratio of 12.01x, relative to Oil & Gas Midstream industry P/E ratio of 12.47x
- ENLC could be overvalued based on its P/B ratio of 3.66x, relative to Oil & Gas Midstream industry P/B ratio of 2.06x
You can do more valuation research on ENLC's stock here.
ENLC Financials at a glance
Passed Health Checks:
- There are more short-term assets than short-term liabilities on the ENLC balance sheet.
- ENLC profit margin has gone up from 0.9% to 4.2% in the past year.
- ENLC's operating cash flow of $1.01B allows it to safely service it's debt of $4.83B.
Failed Health Checks:
- Total ENLC debt is higher than 5 years ago, relative to shareholder equity.
- ENLC has a relatively high debt to equity ratio of 4.61.
- There are more long-term liabilities than short-term assets on the ENLC balance sheet.
- ENLC earnings of $555.50M is not enough to cover its interest payments.
Is it a good time to buy Enlink Midstream stock, according to Wall Street analysts?
Out of 6 Wall Street analysts who research ENLC, the consensus analyst rating on Enlink Midstream is a Buy
It's important to keep in mind that analyst forecasts are not stock recommendations, nor are they financial advice.
Latest ENLC Analyst Forecasts
Selman Akyol, a bottom 12% analyst from Stifel Nicolaus maintains ENLC with a strong buy rating and lowers their ENLC price target from $14.50 to $14.00, on May 4, 2023.
T J Schultz, a top 14% analyst from RBC Capital maintains ENLC with a hold rating and lowers their ENLC price target from $14.00 to $13.00, on May 4, 2023.
Justin Jenkins, a top 1% analyst from Raymond James maintains ENLC with a buy rating and lowers their ENLC price target from $15.00 to $14.00, on May 4, 2023.
Robert Kad, a top 14% analyst from Morgan Stanley maintains ENLC with a strong buy rating and lowers their ENLC price target from $18.00 to $17.00, on Apr 25, 2023.
Jeremy Tonet, a top 29% analyst from JP Morgan maintains ENLC with a hold rating and lowers their ENLC price target from $14.00 to $13.00, on Apr 18, 2023.
You can dig deeper into what analysts are forecasting on the Enlink Midstream stock forecast page.
ENLC Momentum
ENLC Growth Metrics
Last year, ENLC earnings were $384.30M. In the past 5 year, ENLC's earnings have gone up by -8.31% per year. This was slower than the Oil & Gas Midstream industry average of 26.55%.
Last year, ENLC revenue was $9.08B. During the past 5 year, ENLC's revenue has grown by 8.01% per year. This was slower than the Oil & Gas Midstream industry average of 14.3%.
You can research ENLC's earnings and revenue performance here.
Who is buying/selling ENLC?
Over the last year, insiders at ENLC have sold more shares than they have bought.
Jan Philipp Rossbach, VP Chief Accounting Officer of ENLC, was the latest ENLC insider to sell. They sold $43,414.20 worth of ENLC shares on Apr 1, 2023.
Research more about who owns ENLC shares here.
Can I get consistent income from ENLC stock?
Enlink Midstream pays a dividend of 4.88%, compared to the Oil & Gas Midstream industry's average dividend yield of 6.86%. If you owned $1,000 worth of ENLC stock, you would have received $48.82 in the past 12 months.
Enlink Midstream dividend payments have consistently grown over the past decade but have not remained stable.
Find more analysis about Enlink Midstream dividend yield and history here.
What others are saying about ENLC
One of the biggest reasons eToro is our favorite brokerage is because of its social trading community.
Click below to learn what other traders have to say.
Step 5: Make your ENLC purchase
You have two primary order types:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are usually fine. - Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at a particular dollar amount, use a limit order.
Press the Open Trade button and eToro will place the order.
If you require more assistance buying stocks on eToro, watch the how to video below:
Step 6: Get key alerts regarding your ENLC position
Now that you own some shares in ENLC, you'll want to keep up with your stock purchase.
Create a watchlist to monitor your ENLC stock.
ENLC Feed
How to Buy Stock in Enlink Midstream
To reiterate, here are the 6 steps you need to take to buy Enlink Midstream stock right now:
- 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 need a brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you want to watch your investment in Enlink Midstream, add ENLC to your watchlist by clicking the button below.
Related Articles
FAQ
Company
AboutBlogStock Investing FAQPlansPrivacy PolicyTerms of ServiceCancellation & RefundsHelp GuidesContactTwitterYouTubeInformation is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.