Enable Midstream Partners Now Covered by Wells Fargo & Co. (ENBL)
Research analysts at Wells Fargo & Co. started coverage on shares of Enable Midstream Partners (NASDAQ:ENBL) in a report released on Monday, TheFlyOnTheWall.com reports. The firm set a “market perform” rating on the stock.
In other Enable Midstream Partners news, CEO Lynn L. Bourdon III bought 10,000 shares of the stock in a transaction dated Thursday, June 19th. The shares were purchased at an average price of $23.60 per share, for a total transaction of $236,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Other equities research analysts have also recently issued reports about the stock. 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. Separately, 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. Finally, analysts at Credit Suisse initiated coverage on shares of Enable Midstream Partners in a research note on Wednesday, May 21st. They set an “outperform” rating and a $27.00 price target on the stock. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Enable Midstream Partners currently has a consensus rating of “Hold” and a consensus target price of $25.80.
Enable Midstream Partners (NASDAQ:ENBL) traded up 1.35% during mid-day trading on Monday, hitting $24.03. 46,460 shares of the company’s stock traded hands. Enable Midstream Partners has a 52-week low of $21.00 and a 52-week 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 $9.989 billion and a price-to-earnings ratio of 17.09.
Enable Midstream Partners (NASDAQ:ENBL) last posted its quarterly earnings results on Tuesday, June 3rd. The company reported $0.38 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.36 by $0.02. Analysts expect that Enable Midstream Partners will post $1.22 EPS for the current fiscal year.
Enable Midstream Partners LP owns, operates and develops natural gas and crude oil infrastructure assets.
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