Enable Midstream Partners (ENBL) Rating Lowered to Hold at Zacks Investment Research

Enable Midstream Partners (NYSE:ENBL) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.

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. “

A number of other research analysts also recently commented on ENBL. BidaskClub downgraded shares of Enable Midstream Partners from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. Goldman Sachs Group began coverage on shares of Enable Midstream Partners in a research note on Friday, November 17th. They set a “neutral” rating on the stock. Bank of America began coverage on shares of Enable Midstream Partners in a research note on Tuesday, January 9th. They set a “buy” rating on the stock. R. F. Lafferty began coverage on shares of Enable Midstream Partners in a research note on Wednesday, December 6th. They set a “buy” rating and a $19.00 price objective on the stock. Finally, Tudor Pickering downgraded shares of Enable Midstream Partners from a “buy” rating to a “hold” rating in a research note on Friday, October 20th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $18.05.

Enable Midstream Partners (NYSE ENBL) traded up $0.20 during midday trading on Tuesday, reaching $15.07. 386,565 shares of the company’s stock were exchanged, compared to its average volume of 313,825. Enable Midstream Partners has a 12-month low of $13.75 and a 12-month high of $17.36. The company has a quick ratio of 0.49, a current ratio of 0.54 and a debt-to-equity ratio of 0.36. The company has a market cap of $6,520.00, a P/E ratio of 18.16, a price-to-earnings-growth ratio of 1.91 and a beta of 1.88.

Large investors have recently modified their holdings of the business. Heritage Trust Co bought a new position in shares of Enable Midstream Partners during the 1st quarter valued at about $100,000. The Manufacturers Life Insurance Company grew its holdings in Enable Midstream Partners by 8.0% in the 2nd 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. SeaCrest Wealth Management LLC acquired a new position in Enable Midstream Partners in the 4th quarter valued at $117,000. Eqis Capital Management Inc. acquired a new position in Enable Midstream Partners in the 3rd quarter valued at $154,000. Finally, Starfire Investment Advisers Inc. acquired a new position in Enable Midstream Partners in the 4th quarter valued at $145,000. 18.16% of the stock is currently owned by institutional investors.

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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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