Enable Midstream Partners, LP (NYSE:ENBL) released its quarterly earnings data on Tuesday. The pipeline company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.01, Bloomberg Earnings reports. The business had revenue of $705.00 million for the quarter, compared to analyst estimates of $688.61 million. Enable Midstream Partners, had a return on equity of 5.19% and a net margin of 15.20%. The company’s revenue was up 13.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.26 EPS.
Enable Midstream Partners, (NYSE ENBL) traded up 1.86% during midday trading on Wednesday, reaching $15.37. The company’s stock had a trading volume of 74,234 shares. Enable Midstream Partners, has a 52 week low of $13.75 and a 52 week high of $17.36. The firm has a market capitalization of $6.65 billion, a PE ratio of 18.23 and a beta of 1.98. The stock has a 50 day moving average of $15.34 and a 200 day moving average of $15.36.
In other Enable Midstream Partners, news, Director Sean Trauschke bought 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 24th. The stock was purchased at an average price of $14.05 per share, for a total transaction of $35,125.00. Following the purchase, the director now directly owns 5,000 shares in the company, valued at $70,250. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
An institutional investor recently raised its position in Enable Midstream Partners, stock. The Manufacturers Life Insurance Company boosted its holdings in shares of Enable Midstream Partners, LP (NYSE:ENBL) by 8.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,714 shares of the pipeline company’s stock after purchasing an additional 497 shares during the quarter. The Manufacturers Life Insurance Company ‘s holdings in Enable Midstream Partners, were worth $107,000 at the end of the most recent quarter. 18.04% of the stock is currently owned by institutional investors.
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Several research firms recently commented on ENBL. Royal Bank Of Canada reissued a “hold” rating on shares of Enable Midstream Partners, in a research report on Monday, October 23rd. Zacks Investment Research raised Enable Midstream Partners, from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research report on Monday, July 17th. BidaskClub lowered Enable Midstream Partners, from a “buy” rating to a “hold” rating in a research report on Wednesday, September 13th. Finally, Tudor Pickering lowered Enable Midstream Partners, from a “buy” rating to a “hold” rating in a research report on Friday, October 20th. Two analysts have rated the stock with a sell rating, four have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $17.04.
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.
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