Enable Midstream Partners, LP (ENBL) Earns Hold Rating from Royal Bank Of Canada
Enable Midstream Partners, LP (NYSE:ENBL)‘s stock had its “hold” rating reissued by analysts at Royal Bank Of Canada in a research note issued on Monday.
A number of other equities analysts have also commented on ENBL. Tudor Pickering lowered Enable Midstream Partners, from a “buy” rating to a “hold” rating in a research note on Friday. BidaskClub raised Enable Midstream Partners, from a “hold” rating to a “buy” rating in a research note on Thursday, September 28th. Finally, Zacks Investment Research raised Enable Midstream Partners, from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $17.21.
Shares of Enable Midstream Partners, (ENBL) opened at 15.52 on Monday. Enable Midstream Partners, has a 52 week low of $13.75 and a 52 week high of $17.36. The company has a market capitalization of $6.71 billion, a PE ratio of 18.41 and a beta of 1.98. The stock has a 50 day moving average price of $15.30 and a 200-day moving average price of $15.45.
Enable Midstream Partners, (NYSE:ENBL) last posted its quarterly earnings data on Tuesday, August 1st. The pipeline company reported $0.20 EPS for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.04. The company had revenue of $626.00 million for the quarter, compared to analyst estimates of $644.27 million. Enable Midstream Partners, had a return on equity of 5.19% and a net margin of 15.20%. The firm’s quarterly revenue was up 18.3% on a year-over-year basis. Equities research analysts expect that Enable Midstream Partners, will post $0.85 EPS for the current year.
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In other Enable Midstream Partners, news, Director Sean Trauschke purchased 2,500 shares of the company’s stock in a transaction on Thursday, August 24th. The shares were purchased at an average cost of $14.05 per share, with a total value of $35,125.00. Following the completion of the purchase, the director now owns 5,000 shares in the company, valued at $70,250. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in ENBL. Heritage Trust Co bought a new stake in shares of Enable Midstream Partners, during the first quarter valued at approximately $100,000. The Manufacturers Life Insurance Company increased its holdings in shares of Enable Midstream Partners, by 8.0% during the second quarter. The Manufacturers Life Insurance Company now owns 6,714 shares of the pipeline company’s stock valued at $107,000 after acquiring an additional 497 shares in the last quarter. Nuveen Asset Management LLC increased its holdings in shares of Enable Midstream Partners, by 0.3% during the first quarter. Nuveen Asset Management LLC now owns 16,060 shares of the pipeline company’s stock valued at $137,000 after acquiring an additional 49 shares in the last quarter. Eqis Capital Management Inc. bought a new stake in shares of Enable Midstream Partners, during the third quarter valued at approximately $154,000. Finally, Koch Industries Inc. bought a new stake in shares of Enable Midstream Partners, during the fourth quarter valued at approximately $172,000. Hedge funds and other 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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