Enable Midstream Partners (NYSE:ENBL) issued its earnings results on Sunday. The pipeline company reported $0.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.16, Briefing.com reports. The business had revenue of $970.00 million during the quarter, compared to the consensus estimate of $741.79 million. Enable Midstream Partners had a net margin of 0.40% and a return on equity of 4.98%. Enable Midstream Partners’s revenue was up 49.7% on a year-over-year basis. During the same period last year, the business posted $0.19 EPS.
Shares of ENBL stock traded up $0.16 during trading on Tuesday, hitting $7.57. The company had a trading volume of 728,688 shares, compared to its average volume of 1,361,706. The firm has a market capitalization of $3.30 billion, a P/E ratio of -67.36 and a beta of 2.66. Enable Midstream Partners has a one year low of $3.63 and a one year high of $7.63. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.51 and a current ratio of 0.58. The stock’s 50-day moving average price is $6.88 and its 200 day moving average price is $5.91.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 25th. Stockholders of record on Thursday, May 13th will be issued a dividend of $0.165 per share. The ex-dividend date of this dividend is Wednesday, May 12th. This represents a $0.66 annualized dividend and a dividend yield of 8.72%. Enable Midstream Partners’s dividend payout ratio is presently 65.35%.
Several brokerages have recently commented on ENBL. Zacks Investment Research downgraded Enable Midstream Partners from a “buy” rating to a “hold” rating in a research note on Tuesday, April 27th. Barclays raised shares of Enable Midstream Partners from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $5.00 to $7.00 in a research report on Monday, March 8th. Finally, Mizuho reiterated a “neutral” rating and issued a $7.00 price target (down previously from $8.00) on shares of Enable Midstream Partners in a research note on Monday, March 8th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $5.55.
Enable Midstream Partners Company Profile
Enable Midstream Partners, LP owns, operates, and develops midstream energy infrastructure assets in the United States. The company operates in two segments, Gathering and Processing; and Transportation and Storage. The Gathering and Processing segment provides natural gas gathering and processing services in the Anadarko, Arkoma, and Ark-La-Tex basins, as well as crude oil gathering services in the Anadarko and Williston basins for its producer customers.
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