Enable Midstream Partners Given Consensus Recommendation of “Hold” by Brokerages (NASDAQ:ENBL)
Enable Midstream Partners (NASDAQ:ENBL) has been given an average rating of “Hold” by the seven brokerages that are presently covering the stock, American Banking and Market News reports. Five analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $25.80.
In other Enable Midstream Partners news, CEO Lynn L. Bourdon III bought 10,000 shares of Enable Midstream Partners stock on the open market in a transaction that occurred on Thursday, June 19th. The stock was purchased at an average price of $23.60 per share, with a total value of $236,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
ENBL has been the subject of a number of recent research reports. Analysts at Wells Fargo & Co. initiated coverage on shares of Enable Midstream Partners in a research note on Monday. They set a “market perform” rating on the stock. Separately, analysts at Bank of America initiated coverage on shares of Enable Midstream Partners in a research note on Wednesday, May 21st. They set a “neutral” rating on the stock. Finally, analysts at Barclays initiated coverage on shares of Enable Midstream Partners in a research note on Wednesday, May 21st. They set an “overweight” rating and a $28.00 price target on the stock.
Enable Midstream Partners (NASDAQ:ENBL) traded up 2.02% on Monday, hitting $24.19. 105,373 shares of the company’s stock traded hands. Enable Midstream Partners has a 1-year low of $21.00 and a 1-year high of $26.93. The stock’s 50-day moving average is $24.35 and its 200-day moving average is $24.17. The company has a market cap of $10.056 billion and a P/E ratio of 17.09.
Enable Midstream Partners (NASDAQ:ENBL) last issued its quarterly earnings data on Tuesday, June 3rd. The company reported $0.38 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.36 by $0.02. On average, analysts predict that Enable Midstream Partners will post $1.22 earnings per share for the current fiscal year.
Enable Midstream Partners LP owns, operates and develops natural gas and crude oil infrastructure assets.
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