Brokerages expect Enable Midstream Partners LP (NYSE:ENBL) to post $0.24 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Enable Midstream Partners’ earnings. Enable Midstream Partners reported earnings of $0.38 per share in the same quarter last year, which would suggest a negative year over year growth rate of 36.8%. The business is scheduled to announce its next earnings results on Tuesday, February 18th.

On average, analysts expect that Enable Midstream Partners will report full-year earnings of $1.04 per share for the current fiscal year. For the next fiscal year, analysts expect that the company will report earnings of $0.94 per share. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for Enable Midstream Partners.

Enable Midstream Partners (NYSE:ENBL) last released its quarterly earnings data on Wednesday, November 6th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.01. Enable Midstream Partners had a net margin of 17.36% and a return on equity of 7.65%. The company had revenue of $699.00 million during the quarter, compared to the consensus estimate of $890.64 million. During the same quarter in the prior year, the firm posted $0.30 earnings per share. Enable Midstream Partners’s revenue for the quarter was down 24.7% on a year-over-year basis.

Several equities research analysts have recently weighed in on ENBL shares. UBS Group decreased their target price on shares of Enable Midstream Partners from $17.00 to $16.00 and set a “buy” rating for the company in a research note on Monday, September 23rd. Wells Fargo & Co upgraded shares of Enable Midstream Partners from an “equal weight” rating to an “overweight” rating and set a $12.00 target price for the company in a research note on Tuesday, January 7th. TheStreet downgraded shares of Enable Midstream Partners from a “b-” rating to a “c+” rating in a research note on Tuesday, October 15th. Barclays set a $14.00 target price on shares of Enable Midstream Partners and gave the stock a “hold” rating in a research note on Tuesday, October 15th. Finally, Zacks Investment Research downgraded shares of Enable Midstream Partners from a “hold” rating to a “sell” rating in a research report on Friday, January 3rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $15.43.

In other news, Director Sean Trauschke acquired 10,000 shares of Enable Midstream Partners stock in a transaction that occurred on Thursday, November 14th. The stock was purchased at an average price of $9.70 per share, for a total transaction of $97,000.00. Following the completion of the transaction, the director now directly owns 17,500 shares in the company, valued at $169,750. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Large investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC acquired a new stake in Enable Midstream Partners in the third quarter valued at about $63,000. Usca Ria LLC acquired a new stake in Enable Midstream Partners in the third quarter valued at about $87,000. HighTower Advisors LLC acquired a new stake in Enable Midstream Partners in the second quarter valued at about $150,000. Sigma Planning Corp acquired a new stake in Enable Midstream Partners in the third quarter valued at about $170,000. Finally, NEXT Financial Group Inc increased its holdings in Enable Midstream Partners by 97.6% in the third quarter. NEXT Financial Group Inc now owns 14,500 shares of the pipeline company’s stock valued at $174,000 after buying an additional 7,163 shares in the last quarter. Hedge funds and other institutional investors own 17.85% of the company’s stock.

Shares of ENBL traded up $0.02 during mid-day trading on Wednesday, hitting $10.56. 868,989 shares of the company’s stock were exchanged, compared to its average volume of 978,000. Enable Midstream Partners has a fifty-two week low of $8.82 and a fifty-two week high of $16.49. The firm has a market capitalization of $4.61 billion, a P/E ratio of 9.51, a P/E/G ratio of 1.84 and a beta of 1.24. The business’s 50 day moving average is $9.96 and its two-hundred day moving average is $11.57. The company has a current ratio of 0.51, a quick ratio of 0.45 and a debt-to-equity ratio of 0.55.

About Enable Midstream Partners

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, processing, and fractionation services in the Anadarko, Arkoma, and Ark-La-Tex basins, as well as crude oil gathering services in the Bakken Shale formation of the Williston Basin for its producer customers.

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