Enable Midstream Partners (NYSE:ENBL) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Tuesday. The brokerage currently has a $17.00 price objective on the pipeline company’s stock. Zacks Investment Research‘s price objective suggests a potential upside of 13.86% from the company’s previous close.

According to Zacks, “Enable Midstream Partners, LP owns, operates and develops natural gas and crude oil infrastructure assets serving major producing basins and markets. It operates through two business segments: Gathering and Processing, and Transportation and Storage. The Gathering and Processing segment provides natural gas gathering, processing and fractionation services and crude oil gathering for its producer customers. The Transportation and Storage segment offers interstate and intrastate natural gas pipeline transportation and storage service to natural gas producers, utilities and industrial customers. Enable Midstream Partners, LP is based in Oklahoma City, Oklahoma. “

A number of other research firms also recently issued reports on ENBL. Goldman Sachs Group assumed coverage on shares of Enable Midstream Partners in a report on Friday, November 17th. They set a “neutral” rating for the company. Royal Bank of Canada reiterated a “hold” rating on shares of Enable Midstream Partners in a research note on Monday, October 23rd. BidaskClub downgraded shares of Enable Midstream Partners from a “hold” rating to a “sell” rating in a research note on Wednesday, October 25th. Tudor Pickering downgraded shares of Enable Midstream Partners from a “buy” rating to a “hold” rating in a research note on Friday, October 20th. Finally, R. F. Lafferty assumed coverage on shares of Enable Midstream Partners in a research note on Wednesday, December 6th. They issued a “buy” rating and a $19.00 target price for the company. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $18.05.

Shares of Enable Midstream Partners (NYSE ENBL) opened at $14.93 on Tuesday. Enable Midstream Partners has a 1-year low of $13.75 and a 1-year high of $17.34. The company has a current ratio of 0.54, a quick ratio of 0.49 and a debt-to-equity ratio of 0.36. The stock has a market cap of $6,460.00, a PE ratio of 17.99, a P/E/G ratio of 1.89 and a beta of 1.88.

Institutional investors and hedge funds have recently bought and sold shares of the company. The Manufacturers Life Insurance Company increased its stake in shares of Enable Midstream Partners by 8.0% in the second 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. SeaCrest Wealth Management LLC purchased a new position in shares of Enable Midstream Partners in the fourth quarter worth about $117,000. Starfire Investment Advisers Inc. bought a new position in shares of Enable Midstream Partners in the fourth quarter valued at approximately $145,000. Citadel Advisors LLC boosted its position in shares of Enable Midstream Partners by 425.8% in the third quarter. Citadel Advisors LLC now owns 10,228 shares of the pipeline company’s stock valued at $163,000 after acquiring an additional 13,367 shares during the period. Finally, Koch Industries Inc. bought a new position in shares of Enable Midstream Partners in the fourth quarter valued at approximately $195,000. Hedge funds and other institutional investors own 18.04% 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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