Enable Midstream Partners, LP (ENBL) Stock Rating Upgraded by BidaskClub
BidaskClub upgraded shares of Enable Midstream Partners, LP (NYSE:ENBL) from a hold rating to a buy rating in a research note published on Thursday.
ENBL has been the topic of a number of other research reports. Zacks Investment Research downgraded Enable Midstream Partners, from a buy rating to a sell rating in a research note on Tuesday, July 18th. Citigroup Inc. reaffirmed a neutral rating and issued a $16.25 target price (up from $14.00) on shares of Enable Midstream Partners, in a research report on Thursday, June 1st. TheStreet raised Enable Midstream Partners, from a c rating to a b- rating in a research report on Monday, June 5th. Finally, Royal Bank Of Canada reaffirmed a hold rating and set a $18.00 price target on shares of Enable Midstream Partners, in a research note on Tuesday, June 6th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $17.04.
Enable Midstream Partners, (NYSE ENBL) opened at 15.98 on Thursday. Enable Midstream Partners, has a 12-month low of $13.75 and a 12-month high of $17.36. The company has a market capitalization of $6.91 billion, a P/E ratio of 18.96 and a beta of 1.98. The company’s 50 day moving average price is $14.65 and its 200-day moving average price is $15.55.
Enable Midstream Partners, (NYSE:ENBL) last posted its quarterly earnings results on Tuesday, August 1st. The pipeline company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.04. Enable Midstream Partners, had a net margin of 15.20% and a return on equity of 5.19%. The firm had revenue of $626.00 million during the quarter, compared to the consensus estimate of $644.27 million. The firm’s revenue for the quarter was up 18.3% on a year-over-year basis. Equities analysts forecast that Enable Midstream Partners, will post $0.84 earnings per share for the current fiscal year.
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In other Enable Midstream Partners, news, Director Sean Trauschke purchased 2,500 shares of the company’s stock in a transaction that occurred on Thursday, August 24th. The shares were acquired at an average price of $14.05 per share, with a total value of $35,125.00. Following the transaction, the director now owns 5,000 shares in the company, valued at $70,250. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Arclight Capital Partners, Llc sold 4,000 shares of the firm’s stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $16.00, for a total transaction of $64,000.00. The disclosure for this sale can be found here.
A number of hedge funds have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company increased its holdings in Enable Midstream Partners, by 8.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,714 shares of the pipeline company’s stock worth $107,000 after purchasing an additional 497 shares in the last quarter. Pointe Capital Management LLC purchased a new stake in shares of Enable Midstream Partners, in the first quarter worth approximately $198,000. BNP Paribas Arbitrage SA purchased a new stake in shares of Enable Midstream Partners, in the first quarter worth approximately $210,000. Proficio Capital Partners LLC purchased a new stake in shares of Enable Midstream Partners, in the first quarter worth approximately $215,000. Finally, Wells Fargo & Company MN raised its stake in shares of Enable Midstream Partners, by 49.0% in the second quarter. Wells Fargo & Company MN now owns 26,901 shares of the pipeline company’s stock worth $429,000 after purchasing an additional 8,850 shares during 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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