Enable Midstream Partners, LP (NYSE:ENBL) has been given an average recommendation of “Hold” by the ten ratings firms that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $16.31.
A number of brokerages have recently weighed in on ENBL. Zacks Investment Research raised shares of Enable Midstream Partners, from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a report on Monday, July 17th. BidaskClub raised shares of Enable Midstream Partners, from a “hold” rating to a “buy” rating in a report on Wednesday, September 6th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $18.00 price target on shares of Enable Midstream Partners, in a report on Sunday, September 17th.
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Enable Midstream Partners, (NYSE:ENBL) traded up 0.45% on Thursday, reaching $15.68. 53,444 shares of the company traded hands. The stock has a 50-day moving average price of $15.16 and a 200-day moving average price of $15.47. Enable Midstream Partners, has a 52-week low of $13.75 and a 52-week high of $17.36. The firm has a market cap of $6.78 billion, a P/E ratio of 18.60 and a beta of 1.98.
Enable Midstream Partners, (NYSE:ENBL) last posted its quarterly earnings data on Tuesday, August 1st. The pipeline company reported $0.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.04. The firm had revenue of $626.00 million during the quarter, compared to the consensus estimate of $644.27 million. Enable Midstream Partners, had a net margin of 15.20% and a return on equity of 5.19%. The company’s quarterly revenue was up 18.3% compared to the same quarter last year. Analysts anticipate that Enable Midstream Partners, will post $0.85 earnings per share for the current fiscal year.
In other news, Director Sean Trauschke purchased 2,500 shares of the business’s stock in a transaction dated Thursday, August 24th. The stock was bought at an average price of $14.05 per share, with a total value of $35,125.00. Following the acquisition, the director now owns 5,000 shares in the company, valued at approximately $70,250. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
A number of hedge funds have recently added to or reduced their stakes in ENBL. BNP Paribas Arbitrage SA acquired a new position in Enable Midstream Partners, during the 1st quarter worth approximately $210,000. Neuberger Berman Group LLC increased its position in Enable Midstream Partners, by 30.4% during the 1st quarter. Neuberger Berman Group LLC now owns 37,301 shares of the pipeline company’s stock worth $623,000 after purchasing an additional 8,693 shares in the last quarter. Wellington Management Group LLP acquired a new position in Enable Midstream Partners, during the 1st quarter worth approximately $3,462,000. Global X Management Co. LLC increased its position in Enable Midstream Partners, by 111.7% during the 1st quarter. Global X Management Co. LLC now owns 33,359 shares of the pipeline company’s stock worth $557,000 after purchasing an additional 17,601 shares in the last quarter. Finally, UBS Group AG increased its position in Enable Midstream Partners, by 17.2% during the 1st quarter. UBS Group AG now owns 493,492 shares of the pipeline company’s stock worth $8,236,000 after purchasing an additional 72,370 shares in the last quarter. Institutional investors and hedge funds own 18.04% of the company’s stock.
Enable Midstream Partners, Company Profile
Enable Midstream Partners LP owns, operates and develops midstream energy infrastructure assets strategically located to serve its customers. The Company operates in two business segments: Gathering and Processing, and Transportation and Storage. Its gathering and processing segment primarily provides natural gas and crude oil gathering and natural gas processing services to its producer customers.
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