Enable Midstream Partners, LP (NYSE:ENBL) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research note issued on Tuesday. The firm presently has a $17.00 price objective on the pipeline company’s stock. Zacks Investment Research‘s price target would indicate a potential upside of 12.66% from the company’s current price.

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. “

Other equities analysts have also issued reports about the company. Royal Bank Of Canada restated a “hold” rating on shares of Enable Midstream Partners, in a research note on Monday, October 23rd. BidaskClub upgraded Enable Midstream Partners, from a “sell” rating to a “hold” rating in a research note on Sunday, August 6th. Finally, Tudor Pickering lowered Enable Midstream Partners, from a “buy” rating to a “hold” rating in a research note on Friday, October 20th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $17.04.

Shares of Enable Midstream Partners, (ENBL) traded up 0.47% on Tuesday, hitting $15.09. The company had a trading volume of 61,541 shares. The company has a 50 day moving average price of $15.34 and a 200 day moving average price of $15.36. Enable Midstream Partners, has a 1-year low of $13.75 and a 1-year high of $17.36. The firm has a market capitalization of $6.53 billion, a price-to-earnings ratio of 17.90 and a beta of 1.98.

Enable Midstream Partners, (NYSE:ENBL) last announced its earnings results on Tuesday, August 1st. The pipeline company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.04. The business 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% compared to the same quarter last year. On average, equities analysts forecast that Enable Midstream Partners, will post $0.85 earnings per share for the current fiscal year.

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In related news, Director Sean Trauschke bought 2,500 shares of the company’s stock in a transaction that occurred on Thursday, August 24th. The stock was bought at an average cost of $14.05 per share, for a total transaction of $35,125.00. Following the acquisition, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $70,250. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

A number of hedge funds have recently modified their holdings of ENBL. The Manufacturers Life Insurance Company boosted its holdings in Enable Midstream Partners, by 8.0% during the 2nd 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 during the period. Proficio Capital Partners LLC boosted its holdings in Enable Midstream Partners, by 8.4% during the 2nd quarter. Proficio Capital Partners LLC now owns 14,450 shares of the pipeline company’s stock valued at $221,000 after acquiring an additional 1,117 shares during the period. Wells Fargo & Company MN boosted its holdings in Enable Midstream Partners, by 49.0% during the 2nd quarter. Wells Fargo & Company MN now owns 26,901 shares of the pipeline company’s stock valued at $429,000 after acquiring an additional 8,850 shares during the period. Global X Management Co. LLC boosted its holdings in Enable Midstream Partners, by 3.5% during the 2nd quarter. Global X Management Co. LLC now owns 34,513 shares of the pipeline company’s stock valued at $550,000 after acquiring an additional 1,154 shares during the period. Finally, Neuberger Berman Group LLC lifted its holdings in Enable Midstream Partners, by 5.7% in the 2nd quarter. Neuberger Berman Group LLC now owns 39,418 shares of the pipeline company’s stock worth $628,000 after buying an additional 2,117 shares during the period. Institutional investors own 18.04% of the company’s stock.

Enable Midstream Partners, Company Profile

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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