Enable Midstream Partners LP (ENBL) Receives $17.67 Average Target Price from Analysts

Shares of Enable Midstream Partners LP (NYSE:ENBL) have received an average recommendation of “Hold” from the eight analysts that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $17.67.

Several equities analysts have recently weighed in on ENBL shares. Zacks Investment Research lowered Enable Midstream Partners from a “buy” rating to a “hold” rating in a research note on Friday, January 11th. ValuEngine lowered Enable Midstream Partners from a “hold” rating to a “sell” rating in a research report on Wednesday, April 10th. Mizuho started coverage on Enable Midstream Partners in a research report on Monday, February 11th. They set a “neutral” rating on the stock. Finally, Stifel Nicolaus raised Enable Midstream Partners from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research report on Thursday, February 21st.

In other news, insider Thomas L. Levescy sold 40,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $14.82, for a total value of $592,800.00. Following the completion of the sale, the insider now directly owns 52,963 shares in the company, valued at approximately $784,911.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Several hedge funds and other institutional investors have recently modified their holdings of ENBL. GSA Capital Partners LLP bought a new stake in shares of Enable Midstream Partners in the 3rd quarter valued at approximately $613,000. Renaissance Technologies LLC increased its holdings in shares of Enable Midstream Partners by 1,748.3% in the 3rd quarter. Renaissance Technologies LLC now owns 332,700 shares of the pipeline company’s stock valued at $5,603,000 after acquiring an additional 314,700 shares during the last quarter. Deutsche Bank AG increased its holdings in shares of Enable Midstream Partners by 125.6% in the 3rd quarter. Deutsche Bank AG now owns 932,669 shares of the pipeline company’s stock valued at $15,704,000 after acquiring an additional 519,291 shares during the last quarter. Castleark Management LLC bought a new stake in shares of Enable Midstream Partners in the 3rd quarter valued at approximately $1,199,000. Finally, Clearbridge Investments LLC increased its holdings in shares of Enable Midstream Partners by 0.7% in the 3rd quarter. Clearbridge Investments LLC now owns 6,209,063 shares of the pipeline company’s stock valued at $104,561,000 after acquiring an additional 41,000 shares during the last quarter. Institutional investors and hedge funds own 19.72% of the company’s stock.

ENBL opened at $13.24 on Tuesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.28 and a quick ratio of 0.25. The stock has a market capitalization of $5.75 billion, a price-to-earnings ratio of 11.93, a price-to-earnings-growth ratio of 3.41 and a beta of 1.39. Enable Midstream Partners has a 12 month low of $12.31 and a 12 month high of $19.27.

Enable Midstream Partners (NYSE:ENBL) last posted its quarterly earnings results on Tuesday, February 19th. The pipeline company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.27 by $0.11. The company had revenue of $950.00 million during the quarter, compared to analysts’ expectations of $887.67 million. Enable Midstream Partners had a return on equity of 7.20% and a net margin of 15.19%. The firm’s revenue was up 17.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.23 EPS. As a group, sell-side analysts forecast that Enable Midstream Partners will post 1.05 EPS for the current fiscal year.

Enable Midstream Partners Company Profile

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.

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Analyst Recommendations for Enable Midstream Partners (NYSE:ENBL)

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