Enlink Midstream Intrinsic Value Calculation – “2023: EnLink Midstream’s RS Rating Climbs to 82, Making it a Top Stock to Watch and Buy”.
March 15, 2023
Trending News ☀️
ENLINK ($NYSE:ENLC): EnLink Midstream (ENLC) is one of the top stocks to watch and buy as of 2023, with its Relative Strength Rating reaching 82. This shows that the stock has outperformed most of the market’s other stocks over the past year. The Relative Strength Rating is an indicator that looks at a stock’s price performance over time, making it a valuable tool when looking for stocks to buy. The rising Relative Strength Rating of ENLC is a sign that the stock is performing well, and it is likely to continue to do so in the future.
This demonstrates that ENLC has good fundamentals and is likely to remain a top stock for investors. Overall, EnLink Midstream’s strong Relative Strength Rating of 82 makes it a top stock to watch and buy in 2023. Investors should keep an eye on ENLC as it continues to perform well, and should consider adding it to their portfolio if it continues to demonstrate good fundamentals.
Market Price
On Monday, ENLINK MIDSTREAM saw some volatility in its stock prices, with the opening price of $11.0 and closing at $10.9, down by 2.7% from prior closing price of 11.2. So far media sentiment is mostly mixed for the company. This rating is evidence of the company’s growth potential, and investors should keep a close eye on this stock as it could be a great long-term opportunity. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Enlink Midstream. More…
| Total Revenues | Net Income | Net Margin |
| 9.54k | 361.3 | 3.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Enlink Midstream. More…
| Operations | Investing | Financing |
| 1.08k | -231.4 | -639.3 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Enlink Midstream. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 8.81k | 5.94k | 2.65 |
Key Ratios Snapshot
Some of the financial key ratios for Enlink Midstream are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 16.5% | 18.4% | 7.1% |
| FCF Margin | ROE | ROA |
| 8.3% | 33.8% | 4.8% |
Analysis – Enlink Midstream Intrinsic Value Calculation
At GoodWhale, we have conducted an analysis of the financials of ENLINK MIDSTREAM and have determined a fair value of $9.7 for the company’s share. Our proprietary Valuation Line was used to arrive at this fair value. Currently, ENLINK MIDSTREAM stock is traded at $10.9, which is a fair price but slightly overvalued by 12.6%. We recommend investors to be mindful of this overvaluation and make informed decisions accordingly. More…
Peers
The company has a large network of pipelines and facilities that span across the United States. EnLink Midstream LLC is a publicly traded company that is headquartered in Dallas, Texas. The company was founded in 2014 and it is a subsidiary of Devon Energy Corporation. EnLink Midstream LLC operates through two business segments: EnLink Gathering & Processing and EnLink Transportation. The company has a workforce of over 2,000 employees. EnLink Midstream LLC’s main competitors are Fluxys Belgium SA, Hess Midstream LP, and Kinetik Holdings Inc. These companies are all similar to EnLink Midstream LLC in that they are involved in the transportation and processing of crude oil and natural gas.
– Fluxys Belgium SA ($LTS:0Q7U)
Fluxys Belgium SA is a leading provider of gas transportation and storage services in Belgium. The company has a market capitalization of 2.23 billion and a return on equity of 14.4%. Fluxys Belgium SA is the largest provider of natural gas storage services in Belgium and one of the largest providers of gas transportation services in the country. The company operates a network of gas pipelines and storage facilities that span over 2,000 kilometers.
– Hess Midstream LP ($NYSE:HESM)
Hess Midstream LP is a midstream energy company that owns, operates, develops and acquires pipelines and other midstream assets. The company has a market cap of 1.2B as of 2022 and a Return on Equity of 208.88%. The company’s assets are located in the Bakken Shale in North Dakota and the Permian Basin in Texas. Hess Midstream LP is engaged in the transportation, storage and processing of crude oil and natural gas. The company’s pipelines transport crude oil and natural gas from production areas to refining centers and end-use markets.
Summary
EnLink Midstream (ENLINK) is a midstream energy services provider that operates in the U.S. and Canada. ENLINK’s RS Rating has recently climbed to 82, meaning it is now considered a “Top Stock to Watch and Buy.” Media sentiment has been mostly mixed when it comes to investing in ENLINK. Analysts are positive on ENLINK’s future potential and outlook, citing the company’s strategy of focusing on cost optimization, debt reduction, and margin expansion.
Furthermore, analysts believe that ENLINK is well positioned to benefit from an increase in gas production in the Permian Basin and the associated increase in pipeline capacity. Overall, ENLINK Midstream remains a solid long-term investment option for investors.
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