Shares of Enable Midstream Partners LP (NYSE:ENBL) have been assigned an average rating of “Hold” from the eleven research firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $17.63.
ENBL has been the topic of a number of research reports. Royal Bank of Canada reissued a “hold” rating on shares of Enable Midstream Partners in a report on Monday, October 23rd. Zacks Investment Research raised Enable Midstream Partners from a “hold” rating to a “strong-buy” rating and set a $17.00 price target on the stock in a report on Tuesday, October 31st. JPMorgan Chase & Co. lowered Enable Midstream Partners from an “overweight” rating to a “neutral” rating in a report on Tuesday, November 21st. Tudor Pickering lowered Enable Midstream Partners from a “buy” rating to a “hold” rating in a report on Friday, October 20th. Finally, BidaskClub lowered Enable Midstream Partners from a “hold” rating to a “sell” rating in a report on Wednesday, October 25th.
A number of institutional investors and hedge funds have recently made changes to their positions in ENBL. Neuberger Berman Group LLC boosted its holdings in Enable Midstream Partners by 5.7% in the 2nd quarter. Neuberger Berman Group LLC now owns 39,418 shares of the pipeline company’s stock valued at $628,000 after purchasing an additional 2,117 shares in the last quarter. Wells Fargo & Company MN boosted its holdings 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 valued at $429,000 after purchasing an additional 8,850 shares in the last quarter. GSA Capital Partners LLP boosted its holdings in Enable Midstream Partners by 13.4% in the 2nd quarter. GSA Capital Partners LLP now owns 113,662 shares of the pipeline company’s stock valued at $1,812,000 after purchasing an additional 13,462 shares in the last quarter. Cbre Clarion Securities LLC boosted its holdings in Enable Midstream Partners by 3.9% in the 2nd quarter. Cbre Clarion Securities LLC now owns 199,475 shares of the pipeline company’s stock valued at $3,180,000 after purchasing an additional 7,425 shares in the last quarter. Finally, EnTrustPermal Management LLC boosted its holdings in Enable Midstream Partners by 14.7% in the 2nd quarter. EnTrustPermal Management LLC now owns 230,000 shares of the pipeline company’s stock valued at $3,667,000 after purchasing an additional 29,500 shares in the last quarter. 18.17% of the stock is currently owned by institutional investors.
Enable Midstream Partners (NYSE:ENBL) last released its quarterly earnings results on Wednesday, November 1st. The pipeline company reported $0.24 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.01. Enable Midstream Partners had a return on equity of 5.24% and a net margin of 14.82%. The firm had revenue of $705.00 million for the quarter, compared to analyst estimates of $688.61 million. During the same quarter last year, the company posted $0.26 earnings per share. The business’s revenue was up 13.7% on a year-over-year basis. equities research analysts forecast that Enable Midstream Partners will post 0.91 earnings per share for the current fiscal year.
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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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