Enable Midstream Partners, LP (ENBL) Set to Announce Quarterly Earnings on Tuesday
Enable Midstream Partners, LP (NYSE:ENBL) is scheduled to be issuing its quarterly earnings data before the market opens on Tuesday, October 31st. Analysts expect the company to announce earnings of $0.23 per share for the quarter.
Enable Midstream Partners, (NYSE:ENBL) last released its earnings results on Tuesday, August 1st. The pipeline company reported $0.20 earnings per share (EPS) for the quarter, topping the 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%. Enable Midstream Partners,’s revenue for the quarter was up 18.3% on a year-over-year basis. On average, analysts expect Enable Midstream Partners, to post $0.86 EPS for the current fiscal year and $0.88 EPS for the next fiscal year.
Shares of Enable Midstream Partners, LP (NYSE:ENBL) opened at 15.21 on Tuesday. Enable Midstream Partners, LP has a 12-month low of $13.75 and a 12-month high of $17.36. The stock’s 50 day moving average price is $15.30 and its 200 day moving average price is $15.42. The firm has a market capitalization of $6.58 billion, a price-to-earnings ratio of 18.04 and a beta of 1.98.
Several equities analysts have recently weighed in on ENBL shares. BidaskClub cut Enable Midstream Partners, from a “buy” rating to a “hold” rating in a research report on Wednesday, September 13th. Zacks Investment Research upgraded Enable Midstream Partners, from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a research report on Monday, July 17th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $18.00 price target on shares of Enable Midstream Partners, in a research report on Sunday, September 17th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $17.21.
In other Enable Midstream Partners, news, Director Sean Trauschke bought 2,500 shares of Enable Midstream Partners, stock in a transaction that occurred on Thursday, August 24th. The stock was acquired at an average cost of $14.05 per share, for a total transaction of $35,125.00. Following the completion of the transaction, the director now directly owns 5,000 shares in the company, valued at $70,250. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
A hedge fund recently raised its stake in Enable Midstream Partners, stock. The Manufacturers Life Insurance Company raised its holdings in shares of Enable Midstream Partners, LP (NYSE:ENBL) by 8.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,714 shares of the pipeline company’s stock after buying an additional 497 shares during the quarter. The Manufacturers Life Insurance Company ‘s holdings in Enable Midstream Partners, were worth $107,000 as of its most recent filing with the Securities & Exchange Commission. 18.04% of the stock is owned by institutional investors.
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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