Enable Midstream Partners LP (NYSE:ENBL) has been assigned a consensus recommendation of “Hold” from the twelve analysts that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, four have given a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $17.80.
ENBL has been the topic of a number of research reports. Zacks Investment Research downgraded Enable Midstream Partners from a “hold” rating to a “sell” rating in a research note on Thursday, February 22nd. Bank of America dropped their price target on Enable Midstream Partners from $19.00 to $17.00 and set a “buy” rating on the stock in a research note on Tuesday, March 27th. Citigroup upgraded Enable Midstream Partners from a “neutral” rating to a “buy” rating and set a $16.00 price target on the stock in a research note on Tuesday, March 27th. UBS restated a “buy” rating and issued a $19.00 price target (down from $20.00) on shares of Enable Midstream Partners in a research note on Friday, March 2nd. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $18.00 price target on shares of Enable Midstream Partners in a research note on Wednesday, February 21st.
Enable Midstream Partners stock opened at $13.50 on Thursday. The firm has a market capitalization of $5,839.86, a price-to-earnings ratio of 14.52, a price-to-earnings-growth ratio of 2.39 and a beta of 1.81. Enable Midstream Partners has a 12 month low of $12.89 and a 12 month high of $17.15. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.33 and a quick ratio of 0.29.
Enable Midstream Partners (NYSE:ENBL) last released its quarterly earnings results on Tuesday, February 20th. The pipeline company reported $0.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.02. The firm had revenue of $806.00 million for the quarter, compared to the consensus estimate of $678.22 million. Enable Midstream Partners had a return on equity of 5.81% and a net margin of 15.23%. The company’s revenue for the quarter was up 31.3% on a year-over-year basis. During the same period last year, the business posted $0.14 EPS. equities research analysts forecast that Enable Midstream Partners will post 0.93 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company lifted its position in Enable Midstream Partners by 8.0% during the second quarter. The Manufacturers Life Insurance Company now owns 6,714 shares of the pipeline company’s stock valued at $107,000 after purchasing an additional 497 shares in the last quarter. SeaCrest Wealth Management LLC purchased a new position in Enable Midstream Partners during the fourth quarter valued at $117,000. Starfire Investment Advisers Inc. purchased a new position in Enable Midstream Partners during the fourth quarter valued at $145,000. GSA Capital Partners LLP lifted its position in Enable Midstream Partners by 9.9% during the third quarter. GSA Capital Partners LLP now owns 124,937 shares of the pipeline company’s stock valued at $1,996,000 after purchasing an additional 11,275 shares in the last quarter. Finally, Citadel Advisors LLC lifted its position in Enable Midstream Partners by 425.8% during the third quarter. Citadel Advisors LLC now owns 10,228 shares of the pipeline company’s stock valued at $163,000 after purchasing an additional 13,367 shares in the last quarter. Institutional investors own 18.26% of the company’s stock.
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About Enable Midstream Partners
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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