Wolfe Research Begins Coverage on Enable Midstream Partners LP (ENBL)
Equities research analysts at Wolfe Research assumed coverage on shares of Enable Midstream Partners LP (NYSE:ENBL) in a research report issued on Friday. The firm set a “hold” rating and a $16.00 price target on the stock. Wolfe Research’s price target indicates a potential upside of 2.11% from the company’s current price.
Other research analysts also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Enable Midstream Partners from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a report on Monday, July 11th. Citigroup Inc. downgraded shares of Enable Midstream Partners from a “buy” rating to a “neutral” rating in a report on Friday, June 17th. Goldman Sachs Group Inc. upgraded shares of Enable Midstream Partners from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $13.00 to $16.00 in a report on Monday, September 19th. Credit Suisse Group AG downgraded shares of Enable Midstream Partners from an “outperform” rating to a “neutral” rating and set a $16.00 price objective on the stock. in a report on Tuesday, September 13th. Finally, Barclays PLC lowered shares of Enable Midstream Partners from an “equal weight” rating to an “underweight” rating and upped their target price for the stock from $13.00 to $14.00 in a research note on Monday, June 20th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $14.56.
Enable Midstream Partners (NYSE:ENBL) traded down 0.13% during mid-day trading on Friday, hitting $15.67. 143,007 shares of the stock were exchanged. Enable Midstream Partners has a 52 week low of $5.38 and a 52 week high of $16.50. The stock’s 50-day moving average is $14.87 and its 200 day moving average is $13.09. The company’s market capitalization is $6.62 billion.
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Enable Midstream Partners (NYSE:ENBL) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by $0.10. The business had revenue of $529 million for the quarter, compared to analysts’ expectations of $647.32 million. On average, analysts anticipate that Enable Midstream Partners will post $0.67 EPS for the current year.
In related news, major shareholder Arclight Capital Partners, Llc sold 24,612 shares of the stock in a transaction dated Friday, July 22nd. The shares were sold at an average price of $14.26, for a total transaction of $350,967.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
A number of institutional investors have recently modified their holdings of the company. Deere & Co. acquired a new position in shares of Enable Midstream Partners during the second quarter worth $418,000. Global X Management Co. LLC acquired a new position in shares of Enable Midstream Partners during the second quarter worth $173,000. JPMorgan Chase & Co. raised its position in shares of Enable Midstream Partners by 18,446.8% in the second quarter. JPMorgan Chase & Co. now owns 1,593,913 shares of the company’s stock worth $21,534,000 after buying an additional 1,585,319 shares in the last quarter. GSA Capital Partners LLP raised its position in shares of Enable Midstream Partners by 54.0% in the second quarter. GSA Capital Partners LLP now owns 96,700 shares of the company’s stock worth $1,306,000 after buying an additional 33,900 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its position in shares of Enable Midstream Partners by 19.9% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 23,283 shares of the company’s stock worth $315,000 after buying an additional 3,863 shares in the last quarter.
About Enable Midstream Partners
Enable Midstream Partners LP owns, operates and develops strategically located natural gas and crude oil infrastructure assets. The Company operates in two business segments: Gathering and Processing, and Transportation and Storage. It serves production areas in the United States, including several unconventional shale resource plays, and local and regional end user markets in the United States.
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