BidaskClub Lowers Enable Midstream Partners LP (ENBL) to Hold

Enable Midstream Partners LP (NYSE:ENBL) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a report issued on Tuesday.

Several other equities research analysts have also recently commented on ENBL. Zacks Investment Research raised Enable Midstream Partners from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a report on Monday, July 17th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $18.00 price target on shares of Enable Midstream Partners in a report on Sunday, September 17th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $17.21.

Enable Midstream Partners (ENBL) opened at 15.77 on Tuesday. The stock has a 50 day moving average price of $14.93 and a 200-day moving average price of $15.49. Enable Midstream Partners has a one year low of $13.75 and a one year high of $17.36. The stock has a market cap of $6.82 billion, a PE ratio of 18.71 and a beta of 1.98.

Enable Midstream Partners (NYSE:ENBL) last posted its quarterly earnings results on Tuesday, August 1st. The pipeline company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.16 by $0.04. Enable Midstream Partners had a return on equity of 4.68% and a net margin of 15.34%. The firm had revenue of $626.00 million during the quarter, compared to analysts’ expectations of $644.27 million. The business’s quarterly revenue was up 18.3% on a year-over-year basis. Equities research analysts expect that Enable Midstream Partners will post $0.84 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This article was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this article on another website, it was stolen and reposted in violation of United States and international trademark and copyright laws. The correct version of this article can be accessed at https://ledgergazette.com/2017/10/10/bidaskclub-lowers-enable-midstream-partners-lp-enbl-to-hold.html.

In related news, major shareholder Arclight Capital Partners, Llc sold 4,000 shares of the stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $16.00, for a total value of $64,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Sean Trauschke acquired 2,500 shares of the stock in a transaction that occurred on Thursday, August 24th. The stock was acquired at an average price of $14.05 per share, with a total value of $35,125.00. Following the completion of the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $70,250. The disclosure for this purchase can be found here.

Institutional investors have recently modified their holdings of the stock. Spirit of America Management Corp NY grew its position in Enable Midstream Partners by 3.9% in the second quarter. Spirit of America Management Corp NY now owns 679,508 shares of the pipeline company’s stock worth $10,831,000 after acquiring an additional 25,473 shares during the period. Evergreen Capital Management LLC grew its position in Enable Midstream Partners by 34.2% in the second quarter. Evergreen Capital Management LLC now owns 644,525 shares of the pipeline company’s stock worth $10,274,000 after acquiring an additional 164,325 shares during the period. Cbre Clarion Securities LLC grew its position in Enable Midstream Partners by 3.9% in the second quarter. Cbre Clarion Securities LLC now owns 199,475 shares of the pipeline company’s stock worth $3,180,000 after acquiring an additional 7,425 shares during the period. Global X Management Co. LLC grew its position in Enable Midstream Partners by 111.7% in the first quarter. Global X Management Co. LLC now owns 33,359 shares of the pipeline company’s stock worth $557,000 after acquiring an additional 17,601 shares during the period. Finally, Pointe Capital Management LLC purchased a new position in Enable Midstream Partners in the first quarter worth approximately $198,000. Institutional investors own 18.04% of the company’s stock.

Enable Midstream Partners Company Profile

Enable Midstream Partners LP owns, operates and develops midst

Several other equities research analysts have also recently commented on ENBL. Zacks Investment Research raised Enable Midstream Partners from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a report on Monday, July 17th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $18.00 price target on shares of Enable Midstream Partners in a report on Sunday, September 17th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $17.21.

Enable Midstream Partners (ENBL) opened at 15.77 on Tuesday. The stock has a 50 day moving average price of $14.93 and a 200-day moving average price of $15.49. Enable Midstream Partners has a one year low of $13.75 and a one year high of $17.36. The stock has a market cap of $6.82 billion, a PE ratio of 18.71 and a beta of 1.98.

Enable Midstream Partners (NYSE:ENBL) last posted its quarterly earnings results on Tuesday, August 1st. The pipeline company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.16 by $0.04. Enable Midstream Partners had a return on equity of 4.68% and a net margin of 15.34%. The firm had revenue of $626.00 million during the quarter, compared to analysts’ expectations of $644.27 million. The business’s quarterly revenue was up 18.3% on a year-over-year basis. Equities research analysts expect that Enable Midstream Partners will post $0.84 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This article was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this article on another website, it was stolen and reposted in violation of United States and international trademark and copyright laws. The correct version of this article can be accessed at https://ledgergazette.com/2017/10/10/bidaskclub-lowers-enable-midstream-partners-lp-enbl-to-hold.html.

In related news, major shareholder Arclight Capital Partners, Llc sold 4,000 shares of the stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $16.00, for a total value of $64,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Sean Trauschke acquired 2,500 shares of the stock in a transaction that occurred on Thursday, August 24th. The stock was acquired at an average price of $14.05 per share, with a total value of $35,125.00. Following the completion of the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $70,250. The disclosure for this purchase can be found here.

Institutional investors have recently modified their holdings of the stock. Spirit of America Management Corp NY grew its position in Enable Midstream Partners by 3.9% in the second quarter. Spirit of America Management Corp NY now owns 679,508 shares of the pipeline company’s stock worth $10,831,000 after acquiring an additional 25,473 shares during the period. Evergreen Capital Management LLC grew its position in Enable Midstream Partners by 34.2% in the second quarter. Evergreen Capital Management LLC now owns 644,525 shares of the pipeline company’s stock worth $10,274,000 after acquiring an additional 164,325 shares during the period. Cbre Clarion Securities LLC grew its position in Enable Midstream Partners by 3.9% in the second quarter. Cbre Clarion Securities LLC now owns 199,475 shares of the pipeline company’s stock worth $3,180,000 after acquiring an additional 7,425 shares during the period. Global X Management Co. LLC grew its position in Enable Midstream Partners by 111.7% in the first quarter. Global X Management Co. LLC now owns 33,359 shares of the pipeline company’s stock worth $557,000 after acquiring an additional 17,601 shares during the period. Finally, Pointe Capital Management LLC purchased a new position in Enable Midstream Partners in the first quarter worth approximately $198,000. 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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