Enable Midstream Partners, LP (NYSE:ENBL) Upgraded at Zacks Investment Research

Enable Midstream Partners, LP (NYSE:ENBL) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Monday. The firm presently has a $18.00 price objective on the pipeline company’s stock. Zacks Investment Research‘s target price indicates a potential upside of 12.85% from the stock’s previous close.

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 equities research analysts have also issued research reports about the stock. TheStreet upgraded shares of Enable Midstream Partners, from a “c” rating to a “b-” rating in a report on Monday, June 5th. BidaskClub upgraded shares of Enable Midstream Partners, from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Royal Bank Of Canada reiterated a “hold” rating and issued a $18.00 price objective on shares of Enable Midstream Partners, in a research note on Tuesday, June 6th. Citigroup Inc. reiterated a “neutral” rating and issued a $16.25 price objective (up previously from $14.00) on shares of Enable Midstream Partners, in a research note on Thursday, June 1st. Finally, Credit Suisse Group upgraded shares of Enable Midstream Partners, from a “neutral” rating to an “outperform” rating in a research note on Monday, May 15th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $16.91.

Enable Midstream Partners, (NYSE ENBL) traded up 0.38% during mid-day trading on Monday, hitting $15.95. The company had a trading volume of 109,209 shares. Enable Midstream Partners, has a 12-month low of $11.95 and a 12-month high of $17.36. The company’s 50 day moving average price is $15.45 and its 200-day moving average price is $16.05. The firm has a market capitalization of $6.90 billion, a PE ratio of 21.61 and a beta of 2.02.

Enable Midstream Partners, (NYSE:ENBL) last posted its earnings results on Wednesday, May 3rd. The pipeline company reported $0.26 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.08. Enable Midstream Partners, had a net margin of 13.71% and a return on equity of 4.50%. The company had revenue of $666 million for the quarter, compared to analyst estimates of $635.20 million. During the same quarter in the prior year, the business posted $0.19 EPS. The firm’s revenue was up 30.8% compared to the same quarter last year. On average, analysts forecast that Enable Midstream Partners, will post $0.83 EPS for the current fiscal year.

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In other news, major shareholder Arclight Capital Partners, Llc sold 51,935 shares of the firm’s stock in a transaction that occurred on Monday, May 8th. The shares were sold at an average price of $16.37, for a total transaction of $850,175.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders have sold 343,153 shares of company stock valued at $5,605,206.

Several large investors have recently modified their holdings of the company. Heritage Trust Co acquired a new position in Enable Midstream Partners, during the first quarter valued at approximately $100,000. Miller Howard Investments Inc. NY acquired a new position in Enable Midstream Partners, during the first quarter valued at approximately $180,000. Pointe Capital Management LLC acquired a new position in Enable Midstream Partners, during the first quarter valued at approximately $198,000. BNP Paribas Arbitrage SA acquired a new position in Enable Midstream Partners, during the first quarter valued at approximately $210,000. Finally, Proficio Capital Partners LLC acquired a new position in Enable Midstream Partners, during the first quarter valued at approximately $215,000. Institutional investors own 18.28% of the company’s stock.

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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