Enable Midstream Partners, LP (ENBL) Stock Rating Upgraded by Zacks Investment Research

Enable Midstream Partners, LP (NYSE:ENBL) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research report issued on Tuesday. The firm currently has a $17.00 target price on the pipeline company’s stock. Zacks Investment Research‘s target price indicates a potential upside of 12.66% from the stock’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 research analysts have also issued reports about the company. Royal Bank Of Canada reiterated a “hold” rating on shares of Enable Midstream Partners, in a report 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 research analysts have rated the stock with a sell rating, four have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $17.04.

Enable Midstream Partners, (NYSE:ENBL) last issued its quarterly earnings results on Tuesday, October 31st. The pipeline company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.01. Enable Midstream Partners, had a return on equity of 5.19% and a net margin of 15.20%. The company had revenue of $705.00 million during the quarter, compared to analyst estimates of $688.61 million. During the same period in the previous year, the company earned $0.26 earnings per share. The company’s quarterly revenue was up 13.7% compared to the same quarter last year.

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In related news, Director Sean Trauschke acquired 2,500 shares of the company’s stock in a transaction on Thursday, August 24th. The stock was purchased at an average cost of $14.05 per share, for a total transaction of $35,125.00. Following the completion of the purchase, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $70,250. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Institutional investors have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company raised its stake in Enable Midstream Partners, by 8.0% during the second 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 in the last quarter. Proficio Capital Partners LLC raised its stake in Enable Midstream Partners, by 8.4% during the second quarter. Proficio Capital Partners LLC now owns 14,450 shares of the pipeline company’s stock worth $221,000 after acquiring an additional 1,117 shares in the last quarter. Wells Fargo & Company MN raised its stake in 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 acquiring an additional 8,850 shares in the last quarter. Global X Management Co. LLC raised its stake in Enable Midstream Partners, by 3.5% during the second quarter. Global X Management Co. LLC now owns 34,513 shares of the pipeline company’s stock worth $550,000 after acquiring an additional 1,154 shares in the last quarter. Finally, Neuberger Berman Group LLC raised its stake in Enable Midstream Partners, by 5.7% during the second quarter. Neuberger Berman Group LLC now owns 39,418 shares of the pipeline company’s stock worth $628,000 after acquiring an additional 2,117 shares in the last quarter. Hedge funds and other 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.

Analyst Recommendations for Enable Midstream Partners, (NYSE:ENBL)

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