Enable Midstream Partners (NYSE:ENBL)‘s stock had its “sector perform” rating reaffirmed by analysts at Royal Bank of Canada in a research report issued on Wednesday. They presently have a $18.00 price target on the pipeline company’s stock. Royal Bank of Canada’s price objective would suggest a potential upside of 24.31% from the company’s current price.
A number of other research analysts have also recently weighed in on the company. Zacks Investment Research raised Enable Midstream Partners from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research report on Tuesday, February 13th. Bank of America began coverage on Enable Midstream Partners in a research report on Tuesday, January 9th. They set a “buy” rating on the stock. R. F. Lafferty began coverage on Enable Midstream Partners in a research report on Wednesday, December 6th. They set a “buy” rating and a $19.00 price objective on the stock. JPMorgan Chase & Co. cut Enable Midstream Partners from an “overweight” rating to a “neutral” rating in a research report on Tuesday, November 21st. Finally, Goldman Sachs Group began coverage on Enable Midstream Partners in a research report on Friday, November 17th. They set a “neutral” rating on the stock. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $18.05.
Enable Midstream Partners (ENBL) opened at $14.48 on Wednesday. The stock has a market capitalization of $6,215.93, a PE ratio of 17.24, a price-to-earnings-growth ratio of 1.83 and a beta of 1.89. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.54 and a quick ratio of 0.49. Enable Midstream Partners has a 12-month low of $13.75 and a 12-month high of $17.25.
Enable Midstream Partners (NYSE:ENBL) last announced its earnings results on Tuesday, February 20th. The pipeline company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.02. The business had revenue of $806.00 million for the quarter, compared to analysts’ expectations of $678.22 million. Enable Midstream Partners had a return on equity of 5.24% and a net margin of 14.82%. The business’s revenue for the quarter was up 31.3% on a year-over-year basis. During the same period last year, the firm posted $0.14 earnings per share. equities analysts anticipate that Enable Midstream Partners will post 0.91 EPS for the current fiscal year.
A number of large investors have recently added to or reduced their stakes in ENBL. Wells Fargo & Company MN increased its stake in Enable Midstream Partners by 49.0% in the 2nd quarter. Wells Fargo & Company MN now owns 26,901 shares of the pipeline company’s stock worth $429,000 after acquiring an additional 8,850 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake 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 worth $107,000 after acquiring an additional 497 shares during the last quarter. State of New Jersey Common Pension Fund D increased its stake in Enable Midstream Partners by 45.0% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 350,500 shares of the pipeline company’s stock worth $5,601,000 after acquiring an additional 108,800 shares during the last quarter. Duff & Phelps Investment Management Co. increased its stake in Enable Midstream Partners by 11.8% in the 3rd quarter. Duff & Phelps Investment Management Co. now owns 380,000 shares of the pipeline company’s stock worth $6,072,000 after acquiring an additional 40,000 shares during the last quarter. Finally, Miller Howard Investments Inc. NY increased its stake in Enable Midstream Partners by 1,997.1% in the 3rd quarter. Miller Howard Investments Inc. NY now owns 225,146 shares of the pipeline company’s stock worth $3,598,000 after acquiring an additional 214,410 shares during the last quarter. 18.28% of the stock is currently owned by institutional investors and hedge funds.
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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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