EnLink Midstream, LLC (NYSE:ENLC) spotted trading -91.15% off 52-week high price. On the other end, the stock has been noted -5.69% away from the low price over the last 52-weeks. The stock changed -7.20% to recent value of $1.16. The stock transacted 7287725 shares during most recent day however it has an average volume of 6.07M shares. The company has 625.75M of outstanding shares and 257.38M shares were floated in the market.

On March 17, 2020, EnLink Midstream, LLC (NYSE:ENLC) released that, in response to recent commodity price and market volatility, it has reduced its 2020 total capital expenditures, net to EnLink guidance by approximately 30%. EnLink is reducing capital expenditures related to well connection and associated gathering infrastructure and is deferring several growth projects across its platform. This immediate reduction in 2020 capital expenditures, net to EnLink was primarily driven by several of EnLink’s key customers decreasing drilling and completions activity in response to the current oil price environment.

EnLink’s revised 2020 total capital expenditures guidance, net to EnLink, which includes both growth and maintenance capital expenditures, is $225 million to $285 million, compared to the previously announced range of $315 million to $425 million. This reflects a reduction of approximately $115 million at the midpoint and is approximately 60% lower than actual 2019 total capital expenditures, net to EnLink. EnLink maintains its previously announced plan to fully self-fund all capital expenditures during 2020 with internally generated cash flows, and has no plans to access the capital markets during 2020.

Its earnings per share (EPS) expected to touch remained 109.10% for this year. ENLC has a gross margin of 27.40% and an operating margin of -12.60% while its profit margin remained -18.50% for the last 12 months.

According to the most recent quarter its current ratio was 1 that represents company’s ability to meet its current financial obligations. The price moved ahead of -64.67% from the mean of 20 days, -74.35% from mean of 50 days SMA and performed -83.37% from mean of 200 days price. Company’s performance for the week was -43.69%, -74.11% for month and YTD performance remained -81.08%.