EnLink Midstream, LLC (ENLC) Net income fell to -246.00 million: Growth Analysis

    EnLink Midstream, LLC (ENLC) is owned by a number of high-value investors. Its largest direct holder is Barry E. Davis Chairman of the Board and Chief Executive Officer with 1,892,372 shares. The second-largest direct holder is Benjamin D. Lamb Executive Vice President and Chief Operating Officer, with 559,411 shares of the company’s stock. In third place with 203,046 shares of ENLC is Eric D. Batchelder Executive Vice President and Chief Financial Officer.

    Now turning to institutional ownership of EnLink Midstream, LLC (ENLC), TORTOISE CAPITAL ADVISORS, L.L.C. is the top holder with 32.82 million shares. The next largest fund holder of this company’s stock is CHICKASAW CAPITAL MANAGEMENT LLC with 23.54 million shares. In the third-place spot with 22.76 million shares is ALPS ADVISORS INC.

    This company’s stock price was $7.33 at the previous market close, with its latest volume reaching 1,939,898. Compare that to its average daily volume of 2.81M. Given the fact that this stock has 518.19M shares outstanding, its current market value is sitting at $3.80B. This publicly-traded stock’s 60-month Beta is 1.98. Its Price to Sales ratio is 0.50, its Price to Cash Flow ratio is 64.38, and its Price to Book ratio is 1.08.

    ENLC stock has achieved a 5-day range of $7.30 to $8.24, with a total performance of -8.49% during that period. Meanwhile, in the past month of trading, this stock has traded in the range of $7.14 to $9.71, generating a -23.33% change during the period. In the past three months, this stock’s price has changed by -32.81%, trading in the range of $7.14 to $11.01.

    In the past 5 days, shares of ENLC have made a new high 2 times. In the last month, it has made a new high 2 times, and in the past 3 months, it has made a new high 1 time.

    Now let’s turn to this public company’s earnings. For the quarter ending Jun-19, the earnings per share (EPS) was reported at $0.08. This is a 0.02 difference compared to the consensus estimate of 0.06, amounting to an earnings surprise of 24.80%. In the previous quarter, which ended in Mar-19, the consensus estimate was 0.06, making for an earnings surprise of 45.55. For the quarter ending Dec-18, EPS was reported at $1.55, generating a 1,185.24% earnings surprise.

    The Net Income for the most recent full fiscal year, which ended in 12-2018, was $-13.2 million. This is compared to the prior year, where Net Income was $212.8 million. Meanwhile, this company’s Operating Cash Flow was $847.6 million for the year, compared to $700.1 million in 2017. Capital Expenditures for the year were reportedly -$843.1 million, compared to -$790.8 million, and Free Cash flow was $4.5 million compared to the prior year’s $-90.7 million.

    EnLink Midstream, LLC (ENLC) stock currently has a Financial Strength score of 5/10. This is due to a combination of factors, including a Cash to Debt ratio of 0.01, an Equity to Asset ratio of 0.32, a Debt to Equity ratio of 1.39 and a Debt to EBITDA of 9.63. The Interest Coverage of this stock is 2.32, its Piotroski F-Score is 4, its Altman Z-Score is 1.09 and its Beneish M-Score is -2.74.

    This publicly-traded company’s Profitability and Growth score is 6/10, thanks to a combination of things: an Operating Margin of 5.93, a Net Margin of -3.22, a ROE of -10.07, and a ROC of -1.75. Similarly, this company’s 3-Year Total Revenue Growth Rate is 20.10, its 3-Year Total EBITDA Growth Rate is 5.10, and its 3-Year EPS w/o NRI Growth Rate is 68.20.

    Shifting focus now to Valuation and Return for ENLC, this company’s Price to Tangible Book is 4.07, its Price to Projected FCF is 1.49 and its Price to Median PS Value is 0.58. Price to Peter Lynch Fair Value for ENLC is now 1.80. Meanwhile, its Earnings Yield (Joel Greenblatt) is -1.23 and its Forward Rate of Return (Yactman) is 7.22.