Brokerages Set Enable Midstream Partners LP (ENBL) Price Target at $14.14
Enable Midstream Partners LP (NYSE:ENBL) has received a consensus recommendation of “Hold” from the ten brokerages that are presently covering the company. Two investment analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $14.14.
ENBL has been the subject of a number of research reports. Zacks Investment Research raised shares of Enable Midstream Partners from a “sell” rating to a “hold” rating in a research note on Wednesday, November 2nd. Royal Bank Of Canada reissued a “sector perform” rating and issued a $13.00 price target (down from $15.00) on shares of Enable Midstream Partners in a research note on Thursday, November 3rd. Credit Suisse Group AG reissued a “hold” rating and issued a $16.00 price target on shares of Enable Midstream Partners in a research note on Thursday, November 3rd. Barclays PLC reissued a “sell” rating and issued a $15.00 price target on shares of Enable Midstream Partners in a research note on Monday, November 7th. Finally, Wolfe Research initiated coverage on shares of Enable Midstream Partners in a research note on Friday, October 7th. They issued a “hold” rating and a $16.00 price target for the company.
Enable Midstream Partners (NYSE:ENBL) opened at 15.84 on Tuesday. The firm’s 50 day moving average is $15.44 and its 200 day moving average is $14.31. The company has a market cap of $6.69 billion, a PE ratio of 22.60 and a beta of 2.25. Enable Midstream Partners has a 52-week low of $5.38 and a 52-week high of $16.71.
Enable Midstream Partners (NYSE:ENBL) last issued its quarterly earnings data on Wednesday, November 2nd. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.19 by $0.07. The firm had revenue of $620 million for the quarter, compared to the consensus estimate of $722.50 million. Analysts forecast that Enable Midstream Partners will post $0.73 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 22nd. Stockholders of record on Monday, November 14th will be issued a dividend of $0.318 per share. This represents a $1.27 dividend on an annualized basis and a dividend yield of 8.03%. The ex-dividend date of this dividend is Wednesday, November 9th.
In other news, major shareholder Arclight Capital Partners, Llc sold 52,001 shares of the stock in a transaction that occurred on Monday, October 17th. The shares were sold at an average price of $15.22, for a total transaction of $791,455.22. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Several large investors have recently bought and sold shares of the stock. Eqis Capital Management Inc. purchased a new stake in Enable Midstream Partners during the third quarter worth approximately $154,000. Global X Management Co. LLC bought a new position in shares of Enable Midstream Partners during the second quarter worth $173,000. Commerce Bank bought a new position in shares of Enable Midstream Partners during the third quarter worth $244,000. Grassi Investment Management increased its position in shares of Enable Midstream Partners by 0.6% in the second quarter. Grassi Investment Management now owns 16,450 shares of the company’s stock worth $222,000 after buying an additional 100 shares during the period. Finally, Marshall Wace LLP bought a new position in shares of Enable Midstream Partners during the second quarter worth $245,000.
Enable Midstream Partners Company Profile
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.
Receive News & Stock Ratings for Enable Midstream Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enable Midstream Partners LP and related stocks with our FREE daily email newsletter.