Enable Midstream Partners (ENBL) Now Covered by R. F. Lafferty

R. F. Lafferty began coverage on shares of Enable Midstream Partners (NYSE:ENBL) in a research note released on Wednesday, MarketBeat Ratings reports. The brokerage issued a buy rating and a $19.00 price target on the pipeline company’s stock.

Several other research analysts have also recently issued reports on ENBL. Zacks Investment Research raised Enable Midstream Partners from a sell rating to a hold rating in a report on Wednesday, August 9th. BidaskClub upgraded shares of Enable Midstream Partners from a hold rating to a buy rating in a research report on Wednesday, September 6th. Royal Bank Of Canada reiterated a hold rating and set a $18.00 price objective on shares of Enable Midstream Partners in a research report on Sunday, September 17th. Tudor Pickering cut shares of Enable Midstream Partners from a buy rating to a hold rating in a research report on Friday, October 20th. Finally, Goldman Sachs Group initiated coverage on shares of Enable Midstream Partners in a research report on Friday, November 17th. They set a neutral rating on the stock. One research analyst has rated the stock with a sell rating, six have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of Hold and an average price target of $17.71.

Enable Midstream Partners (ENBL) traded down $0.18 during midday trading on Wednesday, hitting $14.64. The company’s stock had a trading volume of 302,049 shares, compared to its average volume of 232,973. The company has a market capitalization of $6,332.72, a PE ratio of 17.43, a P/E/G ratio of 3.27 and a beta of 1.93. Enable Midstream Partners has a 52 week low of $13.75 and a 52 week high of $17.36. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.54 and a quick ratio of 0.49.

Enable Midstream Partners (NYSE:ENBL) last posted its quarterly earnings results on Wednesday, November 1st. The pipeline company reported $0.24 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.01. The company had revenue of $705.00 million for the quarter, compared to analysts’ expectations of $688.61 million. Enable Midstream Partners had a return on equity of 5.24% and a net margin of 14.82%. The firm’s revenue was up 13.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.26 earnings per share. sell-side analysts predict that Enable Midstream Partners will post 0.9 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 21st. Shareholders of record on Tuesday, November 14th were given a dividend of $0.318 per share. This represents a $1.27 annualized dividend and a yield of 8.69%. The ex-dividend date was Monday, November 13th. Enable Midstream Partners’s payout ratio is 151.19%.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Cetera Investment Advisers purchased a new position in Enable Midstream Partners during the 2nd quarter worth approximately $662,000. Global X MANAGEMENT CO LLC grew its holdings in shares of Enable Midstream Partners by 39.5% during the 3rd quarter. Global X MANAGEMENT CO LLC now owns 48,148 shares of the pipeline company’s stock valued at $769,000 after acquiring an additional 13,635 shares in the last quarter. Clinton Group Inc. grew its holdings in shares of Enable Midstream Partners by 53.7% during the 2nd quarter. Clinton Group Inc. now owns 43,209 shares of the pipeline company’s stock valued at $689,000 after acquiring an additional 15,098 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Enable Midstream Partners by 18.5% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,987,364 shares of the pipeline company’s stock valued at $31,678,000 after acquiring an additional 309,872 shares in the last quarter. Finally, Cbre Clarion Securities LLC grew its holdings in shares of Enable Midstream Partners by 3.9% during the 2nd quarter. Cbre Clarion Securities LLC now owns 199,475 shares of the pipeline company’s stock valued at $3,180,000 after acquiring an additional 7,425 shares in the last quarter. Hedge funds and other institutional investors own 18.17% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Enable Midstream Partners (ENBL) Now Covered by R. F. Lafferty” was originally published by Community Financial News and is owned by of Community Financial News. If you are viewing this story on another domain, it was stolen and reposted in violation of US & international copyright and trademark law. The legal version of this story can be read at https://www.com-unik.info/2017/12/10/enable-midstream-partners-enbl-now-covered-by-r-f-lafferty.html.

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.

Analyst Recommendations for Enable Midstream Partners (NYSE:ENBL)

Receive News & Ratings for Enable Midstream Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enable Midstream Partners LP and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit