Analysts Expect Enable Midstream Partners LP (ENBL) Will Post Earnings of $0.21 Per Share

Wall Street brokerages expect Enable Midstream Partners LP (NYSE:ENBL) to announce $0.21 earnings per share for the current quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Enable Midstream Partners’ earnings. The highest EPS estimate is $0.23 and the lowest is $0.19. Enable Midstream Partners posted earnings of $0.14 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 50%. The company is scheduled to report its next quarterly earnings results before the market opens on Tuesday, February 20th.

On average, analysts expect that Enable Midstream Partners will report full year earnings of $0.91 per share for the current year, with EPS estimates ranging from $0.89 to $0.93. For the next financial year, analysts expect that the business will report earnings of $0.98 per share, with EPS estimates ranging from $0.95 to $1.01. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Enable Midstream Partners.

Several equities analysts recently commented on ENBL shares. R. F. Lafferty started coverage on shares of Enable Midstream Partners in a research note on Wednesday, December 6th. They set a “buy” rating and a $19.00 target price for the company. Zacks Investment Research upgraded shares of Enable Midstream Partners from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research note on Monday. Bank of America assumed coverage on shares of Enable Midstream Partners in a research note on Tuesday, January 9th. They set a “buy” rating for the company. Royal Bank of Canada reissued a “hold” rating on shares of Enable Midstream Partners in a report on Monday, October 23rd. Finally, Tudor Pickering lowered shares of Enable Midstream Partners from a “buy” rating to a “hold” rating in a report on Friday, October 20th. One research 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. Enable Midstream Partners presently has a consensus rating of “Hold” and a consensus price target of $18.05.

Enable Midstream Partners (NYSE ENBL) traded down $0.20 during trading hours on Thursday, reaching $14.95. 280,762 shares of the company traded hands, compared to its average volume of 306,647. The firm has a market cap of $6,518.72, a PE ratio of 17.80, a P/E/G ratio of 1.92 and a beta of 1.89. Enable Midstream Partners has a 1 year low of $13.75 and a 1 year high of $17.36. The company has a current ratio of 0.54, a quick ratio of 0.49 and a debt-to-equity ratio of 0.36.

Institutional investors have recently made changes to their positions in the business. The Manufacturers Life Insurance Company increased 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 during the period. SeaCrest Wealth Management LLC bought a new stake in Enable Midstream Partners in the 4th quarter valued at $117,000. Starfire Investment Advisers Inc. bought a new stake in Enable Midstream Partners in the 4th quarter valued at $145,000. Citadel Advisors LLC increased its holdings in Enable Midstream Partners by 425.8% in the 3rd 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 during the period. Finally, California Public Employees Retirement System bought a new stake in Enable Midstream Partners in the 3rd quarter valued at $261,000. 18.16% of the stock is currently owned by hedge funds and other 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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