Enlink Midstream Llc Stock Shares Outstanding
| ENLC Stock | USD 12.88 0.01 0.08% |
EnLink Midstream LLC fundamentals help investors to digest information that contributes to EnLink Midstream's financial success or failures. It also enables traders to predict the movement of EnLink Stock. The fundamental analysis module provides a way to measure EnLink Midstream's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to EnLink Midstream stock.
The current year's Common Stock Shares Outstanding is expected to grow to about 489.3 M. EnLink | Shares Outstanding |
EnLink Midstream LLC Company Shares Outstanding Analysis
EnLink Midstream's Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.
Current EnLink Midstream Shares Outstanding | 451.3 M |
Most of EnLink Midstream's fundamental indicators, such as Shares Outstanding, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, EnLink Midstream LLC is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
EnLink Shares Outstanding Driver Correlations
Understanding the fundamental principles of building solid financial models for EnLink Midstream is extremely important. It helps to project a fair market value of EnLink Stock properly, considering its historical fundamentals such as Shares Outstanding. Since EnLink Midstream's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of EnLink Midstream's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of EnLink Midstream's interrelated accounts and indicators.
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EnLink Shares Outstanding Historical Pattern
Today, most investors in EnLink Midstream Stock are looking for potential investment opportunities by analyzing not only static indicators but also various EnLink Midstream's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's shares outstanding growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of EnLink Midstream shares outstanding as a starting point in their analysis.
EnLink Midstream Shares Outstanding |
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Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
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EnLink Common Stock Shares Outstanding
Common Stock Shares Outstanding |
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Based on the latest financial disclosure, EnLink Midstream LLC has 451.3 M of shares currently outstending. This is 75.12% lower than that of the Oil, Gas & Consumable Fuels sector and 21.82% lower than that of the Energy industry. The shares outstanding for all United States stocks is 21.08% higher than that of the company.
EnLink Shares Outstanding Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses EnLink Midstream's direct or indirect competition against its Shares Outstanding to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of EnLink Midstream could also be used in its relative valuation, which is a method of valuing EnLink Midstream by comparing valuation metrics of similar companies.EnLink Midstream is currently under evaluation in shares outstanding category among related companies.
EnLink Fundamentals
| Return On Equity | 0.13 | ||||
| Return On Asset | 0.0525 | ||||
| Profit Margin | 0.02 % | ||||
| Operating Margin | 0.08 % | ||||
| Current Valuation | 12.08 B | ||||
| Shares Outstanding | 451.3 M | ||||
| Shares Owned By Insiders | 0.53 % | ||||
| Shares Owned By Institutions | 92.50 % | ||||
| Number Of Shares Shorted | 12.05 M | ||||
| Price To Earning | 26.57 X | ||||
| Price To Book | 6.14 X | ||||
| Price To Sales | 0.89 X | ||||
| Revenue | 6.88 B | ||||
| Gross Profit | 1.96 B | ||||
| EBITDA | 1.34 B | ||||
| Net Income | 350 M | ||||
| Cash And Equivalents | 18.1 M | ||||
| Cash Per Share | 0.04 X | ||||
| Total Debt | 4.6 B | ||||
| Debt To Equity | 1.49 % | ||||
| Current Ratio | 1.06 X | ||||
| Book Value Per Share | 2.22 X | ||||
| Cash Flow From Operations | 1.22 B | ||||
| Short Ratio | 6.15 X | ||||
| Earnings Per Share | 0.35 X | ||||
| Price To Earnings To Growth | (113.19) X | ||||
| Target Price | 14.7 | ||||
| Number Of Employees | 1.07 K | ||||
| Beta | 2.36 | ||||
| Market Capitalization | 5.81 B | ||||
| Total Asset | 8.33 B | ||||
| Retained Earnings | 570.5 M | ||||
| Working Capital | (155.3 M) | ||||
| Current Asset | 493.7 M | ||||
| Current Liabilities | 432.4 M | ||||
| Annual Yield | 0.04 % | ||||
| Five Year Return | 12.60 % | ||||
| Net Asset | 8.33 B | ||||
| Last Dividend Paid | 0.52 |
About EnLink Midstream Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze EnLink Midstream LLC's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of EnLink Midstream using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of EnLink Midstream LLC based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with EnLink Midstream
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if EnLink Midstream position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in EnLink Midstream will appreciate offsetting losses from the drop in the long position's value.Moving together with EnLink Stock
| 0.91 | AM | Antero Midstream Partners | PairCorr |
| 0.93 | ET | Energy Transfer LP Earnings Call This Week | PairCorr |
Moving against EnLink Stock
| 0.68 | EURN | Euronav NV Earnings Call This Week | PairCorr |
| 0.61 | TK | Teekay Earnings Call This Week | PairCorr |
| 0.58 | PBT | Permian Basin Royalty Earnings Call This Week | PairCorr |
| 0.57 | CQP | Cheniere Energy Partners Earnings Call Today | PairCorr |
The ability to find closely correlated positions to EnLink Midstream could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EnLink Midstream when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back EnLink Midstream - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling EnLink Midstream LLC to buy it.
The correlation of EnLink Midstream is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as EnLink Midstream moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if EnLink Midstream LLC moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for EnLink Midstream can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out EnLink Midstream Piotroski F Score and EnLink Midstream Altman Z Score analysis. You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
Complementary Tools for EnLink Stock analysis
When running EnLink Midstream's price analysis, check to measure EnLink Midstream's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy EnLink Midstream is operating at the current time. Most of EnLink Midstream's value examination focuses on studying past and present price action to predict the probability of EnLink Midstream's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EnLink Midstream's price. Additionally, you may evaluate how the addition of EnLink Midstream to your portfolios can decrease your overall portfolio volatility.
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Is EnLink Midstream's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of EnLink Midstream. If investors know EnLink will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about EnLink Midstream listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.75) | Dividend Share 0.515 | Earnings Share 0.35 | Revenue Per Share 14.782 | Quarterly Revenue Growth (0.06) |
The market value of EnLink Midstream LLC is measured differently than its book value, which is the value of EnLink that is recorded on the company's balance sheet. Investors also form their own opinion of EnLink Midstream's value that differs from its market value or its book value, called intrinsic value, which is EnLink Midstream's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because EnLink Midstream's market value can be influenced by many factors that don't directly affect EnLink Midstream's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between EnLink Midstream's value and its price as these two are different measures arrived at by different means. Investors typically determine if EnLink Midstream is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, EnLink Midstream's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.