Enable Midstream Partners LP (NYSE:ENBL) has received an average recommendation of “Hold” from the eleven analysts that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $17.63.
Several analysts have recently issued reports on the company. JPMorgan Chase & Co. cut Enable Midstream Partners from an “overweight” rating to a “neutral” rating in a research note on Tuesday, November 21st. Bank of America started coverage on Enable Midstream Partners in a research note on Tuesday, January 9th. They issued a “buy” rating on the stock. BidaskClub upgraded Enable Midstream Partners from a “hold” rating to a “buy” rating in a research note on Thursday, September 28th. R. F. Lafferty started coverage on Enable Midstream Partners in a research note on Wednesday, December 6th. They issued a “buy” rating and a $19.00 price target on the stock. Finally, Tudor Pickering cut Enable Midstream Partners from a “buy” rating to a “hold” rating in a research note on Friday, October 20th.
Institutional investors have recently bought and sold shares of the business. The Manufacturers Life Insurance Company raised its stake in Enable Midstream Partners by 8.0% in the second quarter. The Manufacturers Life Insurance Company now owns 6,714 shares of the pipeline company’s stock valued at $107,000 after buying an additional 497 shares in the last quarter. Starfire Investment Advisers Inc. acquired a new stake in Enable Midstream Partners in the fourth quarter valued at $145,000. Citadel Advisors LLC raised its stake in Enable Midstream Partners by 425.8% in the third quarter. Citadel Advisors LLC now owns 10,228 shares of the pipeline company’s stock valued at $163,000 after buying an additional 13,367 shares in the last quarter. California Public Employees Retirement System acquired a new stake in Enable Midstream Partners in the third quarter valued at $261,000. Finally, Wells Fargo & Company MN increased its position in shares of Enable Midstream Partners by 49.0% during the second quarter. Wells Fargo & Company MN now owns 26,901 shares of the pipeline company’s stock worth $429,000 after purchasing an additional 8,850 shares in the last quarter. Institutional investors own 18.17% of the company’s stock.
Enable Midstream Partners (NYSE:ENBL) last announced its quarterly earnings data on Wednesday, November 1st. The pipeline company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.01. The business had revenue of $705.00 million for the quarter, compared to analysts’ expectations of $688.61 million. Enable Midstream Partners had a return on equity of 5.24% and a net margin of 14.82%. The company’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same period last year, the firm earned $0.26 earnings per share. equities research analysts predict that Enable Midstream Partners will post 0.91 earnings per share for the current year.
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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