Enable Midstream Partners, LP (NYSE:ENBL) was downgraded by Zacks Investment Research from a “buy” rating to a “sell” rating in a report issued on Tuesday.

According to Zacks, “Enable Midstream Partners, LP owns, operates and develops natural gas and crude oil infrastructure assets serving major producing basins and markets. It operates through two business segments: Gathering and Processing, and Transportation and Storage. The Gathering and Processing segment provides natural gas gathering, processing and fractionation services and crude oil gathering for its producer customers. The Transportation and Storage segment offers interstate and intrastate natural gas pipeline transportation and storage service to natural gas producers, utilities and industrial customers. Enable Midstream Partners, LP is based in Oklahoma City, Oklahoma. “

ENBL has been the subject of several other reports. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $18.00 price objective on shares of Enable Midstream Partners, in a report on Tuesday, June 6th. Credit Suisse Group raised Enable Midstream Partners, from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $18.00 to $20.00 in a report on Monday, May 8th. BidaskClub raised Enable Midstream Partners, from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. TheStreet raised Enable Midstream Partners, from a “c” rating to a “b-” rating in a report on Monday, June 5th. Finally, Citigroup Inc reaffirmed a “neutral” rating and issued a $16.25 price objective (up from $14.00) on shares of Enable Midstream Partners, in a report on Thursday, June 1st. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $16.91.

Shares of Enable Midstream Partners, (ENBL) traded up 0.19% on Tuesday, hitting $15.98. The company had a trading volume of 223,372 shares. The company has a market capitalization of $6.91 billion, a P/E ratio of 21.65 and a beta of 2.02. The firm has a 50-day moving average price of $15.45 and a 200 day moving average price of $16.05. Enable Midstream Partners, has a 12-month low of $11.95 and a 12-month high of $17.36.

Enable Midstream Partners, (NYSE:ENBL) last released its quarterly earnings results on Wednesday, May 3rd. The pipeline company reported $0.26 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.08. The business had revenue of $666 million during the quarter, compared to the consensus estimate of $635.20 million. Enable Midstream Partners, had a return on equity of 4.50% and a net margin of 13.71%. The firm’s quarterly revenue was up 30.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.19 EPS. Equities analysts expect that Enable Midstream Partners, will post $0.83 EPS for the current year.

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In other Enable Midstream Partners, news, major shareholder Arclight Capital Partners, Llc sold 51,935 shares of the company’s stock in a transaction dated Monday, May 8th. The stock was sold at an average price of $16.37, for a total value of $850,175.95. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders sold a total of 343,153 shares of company stock worth $5,605,206 in the last quarter.

Several large investors have recently made changes to their positions in the stock. Heritage Trust Co acquired a new stake in shares of Enable Midstream Partners, during the first quarter valued at approximately $100,000. Miller Howard Investments Inc. NY acquired a new stake in shares of Enable Midstream Partners, during the first quarter valued at approximately $180,000. Pointe Capital Management LLC acquired a new stake in shares of Enable Midstream Partners, during the first quarter valued at approximately $198,000. BNP Paribas Arbitrage SA acquired a new stake in shares of Enable Midstream Partners, during the first quarter valued at approximately $210,000. Finally, Proficio Capital Partners LLC acquired a new stake in shares of Enable Midstream Partners, during the first quarter valued at approximately $215,000. Institutional investors own 18.28% of the company’s stock.

About Enable Midstream Partners,

Enable Midstream Partners LP owns, operates and develops midstream energy infrastructure assets strategically located to serve its customers. The Company operates in two business segments: Gathering and Processing, and Transportation and Storage. Its gathering and processing segment primarily provides natural gas and crude oil gathering and natural gas processing services to its producer customers.

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Analyst Recommendations for Enable Midstream Partners, (NYSE:ENBL)

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