Enable Midstream Partners LP (ENBL) Given Consensus Recommendation of “Hold” by Analysts
Enable Midstream Partners LP (NYSE:ENBL) has been assigned a consensus recommendation of “Hold” from the ten ratings firms that are presently covering the company. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $14.00.
ENBL has been the subject of a number of recent research reports. Credit Suisse Group AG downgraded Enable Midstream Partners from an “outperform” rating to a “neutral” rating and set a $16.00 price objective for the company. in a research note on Tuesday, September 13th. Goldman Sachs Group Inc. upgraded Enable Midstream Partners from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $13.00 to $16.00 in a research note on Monday, September 19th. Barclays PLC downgraded Enable Midstream Partners from an “equal weight” rating to an “underweight” rating and boosted their price objective for the company from $13.00 to $14.00 in a research note on Monday, June 20th. Zacks Investment Research downgraded Enable Midstream Partners from a “hold” rating to a “sell” rating in a research note on Monday, August 22nd. Finally, Wolfe Research initiated coverage on Enable Midstream Partners in a research note on Friday. They issued a “hold” rating and a $16.00 price target for the company.
In other news, major shareholder Arclight Capital Partners, Llc sold 24,612 shares of the company’s stock in a transaction that occurred on Friday, July 22nd. The stock was sold at an average price of $14.26, for a total transaction of $350,967.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/11/enable-midstream-partners-lp-enbl-given-consensus-recommendation-of-hold-by-analysts.html
A number of hedge funds have recently added to or reduced their stakes in the stock. Eqis Capital Management Inc. bought a new stake in Enable Midstream Partners during the third quarter valued at $154,000. Global X Management Co. LLC bought a new stake in Enable Midstream Partners during the second quarter valued at $173,000. State Street Corp raised its stake in Enable Midstream Partners by 3.9% in the first quarter. State Street Corp now owns 23,794 shares of the company’s stock valued at $204,000 after buying an additional 890 shares during the last quarter. Grassi Investment Management raised its stake in Enable Midstream Partners by 0.6% in the second quarter. Grassi Investment Management now owns 16,450 shares of the company’s stock valued at $222,000 after buying an additional 100 shares during the last quarter. Finally, Marshall Wace LLP bought a new stake in Enable Midstream Partners during the second quarter valued at $245,000.
Shares of Enable Midstream Partners (NYSE:ENBL) traded down 1.31% on Tuesday, reaching $15.87. 24,109 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $14.92 and a 200 day moving average price of $13.21. Enable Midstream Partners has a one year low of $5.38 and a one year high of $16.50. The firm’s market cap is $6.70 billion.
Enable Midstream Partners (NYSE:ENBL) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.18 by $0.10. The company earned $529 million during the quarter, compared to the consensus estimate of $647.32 million. Analysts expect that Enable Midstream Partners will post $0.67 EPS for the current fiscal year.
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.
Receive News & Ratings for Enable Midstream Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enable Midstream Partners LP and related companies with MarketBeat.com's FREE daily email newsletter.