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 $13.78, up 0% from the previous day, and has increased 41.77% in one year. It has overperformed other stocks in the Oil & Gas Midstream industry by 0.21 percentage points. Enlink Midstream stock is currently +62.98% from its 52-week low of $8.46, and -2.79% from its 52-week high of $14.18.
At the moment, there are 453.18M shares of ENLC outstanding. The market capitalization of ENLC is $6.24B. In the last 24 hours, 1.02M 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
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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.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 30.62x, relative to Oil & Gas Midstream industry P/E ratio of 14.17x
- ENLC could be overvalued based on its P/B ratio of 6.24x, relative to Oil & Gas Midstream industry P/B ratio of 2.36x
- ENLC may be undervalued based on its PEG ratio of 0.78x
You can do more valuation analysis on ENLC's stock here.
ENLC Financial Health
Passed Health Checks:
- ENLC's operating cash flow of $1.22B allows it to safely service it's debt of $4.57B.
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 $540.70M is not enough to cover its interest payments.
- ENLC has a relatively high debt to equity ratio of 5.69.
- There are more long-term liabilities than short-term assets on the ENLC balance sheet.
- ENLC profit margin has gone down from 3.8% to 3% in the past year.
Is it a good time to buy ENLC stock, according to analysts?
Out of 4 sell side analysts who give recommendations on ENLC, the consensus analyst rating on Enlink Midstream is a Strong Buy
It's important to note that analyst forecasts are not recommendations, nor are they investment advice.
You can dig deeper into what analysts are forecasting on the Enlink Midstream stock forecast page.
Metrics for Advanced ENLC Traders
ENLC Growth Numbers
Last year, ENLC earnings were $206.20M. During the past 2 year, ENLC's earnings have gone up by 200% per year. This was faster than the Oil & Gas Midstream industry average of 21.2%.
Last year, ENLC revenue was $6.90B. Over the last 5 year, ENLC's revenue has grown by -2.17% per year. This was slower than the Oil & Gas Midstream industry average of 8.23%.
Learn more about ENLC's earnings and revenue performance here.
Latest Insiders Trades at ENLC
Over the last year, executives and large shareholders at ENLC have sold more shares than they have bought.
Benjamin D. Lamb, EVP and CFO of ENLC, was the latest ENLC insider to sell. They sold $3,026,668.16 worth of ENLC stock on Feb 28, 2024.
Dig into more about who owns ENLC stock here.
Can I get consistent income from ENLC stock?
Enlink Midstream pays a dividend of 4.64%, compared to the Oil & Gas Midstream industry's average dividend yield of 5.94%. If you owned $1,000 of ENLC stock, you would have been paid $46.44 in the past year.
Enlink Midstream dividend payments have not consistently grown over the past decade and have not remained stable.
Dig into more data about Enlink Midstream dividend yield and history here.
What do other traders have to say about ENLC?
One of the reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to find out 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 stock at the best price on the market.
Market orders are generally fine. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to be sure you're buying or selling at an exact price limit, use a limit order.
Click the Open button and your broker will place the order.
If you require more help buying stocks on eToro, click the helpful video below:
Step 6: Get key alerts regarding your ENLC position
Now that you own some shares in ENLC, you'll want to stay up-to-date on your shares.
Make a watchlist to keep track of 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 need a brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you want to keep track of your new investment in Enlink Midstream, create a watchlist today.
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