Enable Midstream Partners LP (ENBL) Now Covered by Analysts at Wolfe Research
ENBL has been the topic of a number of other research reports. Credit Suisse Group AG lowered shares of Enable Midstream Partners from an outperform rating to a neutral rating and set a $16.00 price target on the stock. in a research note on Tuesday, September 13th. Zacks Investment Research lowered shares of Enable Midstream Partners from a buy rating to a hold rating in a research note on Monday, July 18th. Citigroup Inc. lowered shares of Enable Midstream Partners from a buy rating to a neutral rating in a research note on Friday, June 17th. Barclays PLC lowered shares of Enable Midstream Partners from an equal weight rating to an underweight rating and upped their price target for the company from $13.00 to $14.00 in a research note on Monday, June 20th. Finally, Goldman Sachs Group Inc. upgraded shares of Enable Midstream Partners from a sell rating to a neutral rating and increased their target price for the stock from $13.00 to $16.00 in a research report on Monday, September 19th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. Enable Midstream Partners currently has a consensus rating of Hold and an average target price of $14.56.
Enable Midstream Partners (NYSE:ENBL) traded up 3.32% on Friday, reaching $16.19. 40,959 shares of the company traded hands. Enable Midstream Partners has a 52-week low of $5.38 and a 52-week high of $16.50. The company’s market capitalization is $6.84 billion. The stock has a 50-day moving average of $14.87 and a 200 day moving average of $13.09.
Enable Midstream Partners (NYSE:ENBL) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.08 EPS for the quarter, missing the Zacks’ consensus estimate of $0.18 by $0.10. The company had revenue of $529 million for the quarter, compared to analyst estimates of $647.32 million. On average, equities analysts forecast that Enable Midstream Partners will post $0.67 EPS for the current year.
In other news, major shareholder Arclight Capital Partners, Llc sold 24,612 shares of the stock in a transaction on Friday, July 22nd. The shares were sold at an average price of $14.26, for a total transaction of $350,967.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Several large investors have recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its stake in Enable Midstream Partners by 18,446.8% in the second quarter. JPMorgan Chase & Co. now owns 1,593,913 shares of the company’s stock valued at $21,534,000 after buying an additional 1,585,319 shares during the period. Harvest Fund Advisors LLC bought a new stake in Enable Midstream Partners during the second quarter worth approximately $9,999,000. Brookfield Asset Management Inc. boosted its stake in Enable Midstream Partners by 63.0% in the first quarter. Brookfield Asset Management Inc. now owns 727,725 shares of the company’s stock worth $6,229,000 after buying an additional 281,300 shares during the last quarter. Jennison Associates LLC bought a new stake in Enable Midstream Partners during the second quarter worth approximately $4,539,000. Finally, Guggenheim Capital LLC boosted its stake in Enable Midstream Partners by 498.0% in the second quarter. Guggenheim Capital LLC now owns 260,665 shares of the company’s stock worth $3,521,000 after buying an additional 217,073 shares during the last quarter.
About Enable Midstream Partners
Enable Midstream Partners LP owns, operates and develops strategically located natural gas and crude oil infrastructure assets. The Company operates in two business segments: Gathering and Processing, and Transportation and Storage. It serves production areas in the United States, including several unconventional shale resource plays, and local and regional end user markets in the United States.
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