Enable Midstream Partners, LP (ENBL) Downgraded by BidaskClub to “Hold”
Enable Midstream Partners, LP (NYSE:ENBL) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Wednesday.
Several other research firms have also weighed in on ENBL. Zacks Investment Research lowered shares of Enable Midstream Partners, from a “buy” rating to a “sell” rating in a report on Tuesday, July 18th. Citigroup Inc. reaffirmed a “neutral” rating and issued a $16.25 target price (up previously from $14.00) on shares of Enable Midstream Partners, in a report on Thursday, June 1st. TheStreet raised shares of Enable Midstream Partners, from a “c” rating to a “b-” rating in a report on Monday, June 5th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $18.00 target price on shares of Enable Midstream Partners, in a report on Tuesday, June 6th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $16.91.
Shares of Enable Midstream Partners, (NYSE:ENBL) traded down 0.41% during mid-day trading on Wednesday, reaching $14.73. 127,523 shares of the company traded hands. Enable Midstream Partners, has a 52-week low of $13.75 and a 52-week high of $17.36. The stock has a market capitalization of $3.31 billion, a PE ratio of 47.52 and a beta of 1.97. The stock’s 50 day moving average is $14.63 and its 200 day moving average is $15.58.
Enable Midstream Partners, (NYSE:ENBL) last posted its earnings results on Tuesday, August 1st. The pipeline company reported $0.20 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.04. Enable Midstream Partners, had a net margin of 15.20% and a return on equity of 5.19%. The business had revenue of $626.00 million for the quarter, compared to analyst estimates of $644.27 million. The company’s revenue was up 18.3% on a year-over-year basis. On average, analysts anticipate that Enable Midstream Partners, will post $0.85 earnings per share for the current year.
In other Enable Midstream Partners, news, Director Sean Trauschke bought 2,500 shares of the business’s stock in a transaction on Thursday, August 24th. The shares were bought at an average cost of $14.05 per share, for a total transaction of $35,125.00. Following the transaction, the director now owns 5,000 shares in the company, valued at approximately $70,250. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Arclight Capital Partners, Llc sold 4,910 shares of the company’s stock in a transaction dated Thursday, June 29th. The shares were sold at an average price of $16.01, for a total transaction of $78,609.10. The disclosure for this sale can be found here. In the last three months, insiders have sold 29,601 shares of company stock worth $473,667.
A number of institutional investors have recently added to or reduced their stakes in ENBL. Bank of America Corp DE lifted its position in Enable Midstream Partners, by 1,181.3% during the 1st quarter. Bank of America Corp DE now owns 874,024 shares of the pipeline company’s stock valued at $14,587,000 after purchasing an additional 805,809 shares during the period. Westwood Holdings Group Inc. acquired a new position in Enable Midstream Partners, during the 1st quarter valued at about $11,636,000. Goldman Sachs Group Inc. lifted its position in Enable Midstream Partners, by 33.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,677,492 shares of the pipeline company’s stock valued at $27,997,000 after purchasing an additional 423,558 shares during the period. Wellington Management Group LLP acquired a new position in Enable Midstream Partners, during the 1st quarter valued at about $3,462,000. Finally, Bank of Montreal Can lifted its position in Enable Midstream Partners, by 3,729.8% during the 2nd quarter. Bank of Montreal Can now owns 207,155 shares of the pipeline company’s stock valued at $3,302,000 after purchasing an additional 201,746 shares during the period. Institutional investors own 18.04% 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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