Enable Midstream Partners (ENBL) Price Target Cut to $14.00 by Analysts at Barclays

Enable Midstream Partners (NYSE:ENBL) had its price objective reduced by investment analysts at Barclays from $15.00 to $14.00 in a report issued on Tuesday. The firm presently has an “underweight” rating on the pipeline company’s stock. Barclays’ price objective would suggest a potential upside of 1.16% from the company’s previous close.

Several other brokerages also recently issued reports on ENBL. Zacks Investment Research downgraded Enable Midstream Partners from a “hold” rating to a “sell” rating in a research report on Thursday, February 22nd. Bank of America cut their price target on Enable Midstream Partners from $19.00 to $17.00 and set a “buy” rating for the company in a report on Tuesday, March 27th. Citigroup upgraded Enable Midstream Partners from a “neutral” rating to a “buy” rating and set a $16.00 price target for the company in a report on Tuesday, March 27th. UBS reiterated a “buy” rating and issued a $19.00 price target (down from $20.00) on shares of Enable Midstream Partners in a report on Friday, March 2nd. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $18.00 price target on shares of Enable Midstream Partners in a report on Wednesday, February 21st. Three research analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $17.50.

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Shares of Enable Midstream Partners stock traded up $0.14 during trading on Tuesday, hitting $13.84. 60,683 shares of the company were exchanged, compared to its average volume of 272,469. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.33 and a quick ratio of 0.29. Enable Midstream Partners has a fifty-two week low of $12.89 and a fifty-two week high of $16.98. The company has a market capitalization of $5,826.88, a P/E ratio of 15.08, a P/E/G ratio of 2.39 and a beta of 1.80.

Enable Midstream Partners (NYSE:ENBL) last issued its quarterly earnings data on Tuesday, February 20th. The pipeline company reported $0.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.02. Enable Midstream Partners had a return on equity of 5.81% and a net margin of 15.23%. The firm had revenue of $806.00 million during the quarter, compared to the consensus estimate of $678.22 million. During the same period in the previous year, the firm posted $0.14 EPS. The company’s quarterly revenue was up 31.3% compared to the same quarter last year. research analysts expect that Enable Midstream Partners will post 0.93 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the company. The Manufacturers Life Insurance Company grew its stake in shares of Enable Midstream Partners by 8.0% during 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 purchased a new stake in Enable Midstream Partners during the 4th quarter worth $117,000. Starfire Investment Advisers Inc. purchased a new stake in Enable Midstream Partners during the 4th quarter worth $145,000. Koch Industries Inc. purchased a new stake in Enable Midstream Partners during the 4th quarter worth $195,000. Finally, California Public Employees Retirement System purchased a new stake in Enable Midstream Partners during the 3rd quarter worth $261,000. 18.25% of the stock is owned by institutional investors.

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About Enable Midstream Partners

Enable Midstream Partners, LP owns, operates, and develops midstream energy infrastructure assets in the United States. The company operates in two segments, Gathering and Processing; and Transportation and Storage. The Gathering and Processing segment provides natural gas gathering, processing, and fractionation services in the Anadarko, Arkoma, and Ark-La-Tex basins, as well as crude oil gathering services in the Bakken Shale formation of the Williston Basin for its producer customers.

Analyst Recommendations for Enable Midstream Partners (NYSE:ENBL)

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