Enable Midstream Partners LP (NYSE:ENBL) saw a large drop in short interest during the month of March. As of March 29th, there was short interest totalling 2,163,295 shares, a drop of 51.2% from the March 15th total of 4,432,022 shares. Currently, 2.5% of the company’s shares are short sold. Based on an average daily volume of 723,150 shares, the short-interest ratio is presently 3.0 days.
A number of analysts have weighed in on ENBL shares. Zacks Investment Research lowered shares of Enable Midstream Partners from a “hold” rating to a “sell” rating in a research note on Friday, February 22nd. Mizuho started coverage on shares of Enable Midstream Partners in a research note on Monday, February 11th. They set a “neutral” rating for the company. Stifel Nicolaus upgraded shares of Enable Midstream Partners from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a research note on Thursday, February 21st. Finally, ValuEngine lowered shares of Enable Midstream Partners from a “hold” rating to a “sell” rating in a research note on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $17.67.
In related news, insider Thomas L. Levescy sold 40,000 shares of the stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $14.82, for a total transaction of $592,800.00. Following the transaction, the insider now owns 52,963 shares of the company’s stock, valued at approximately $784,911.66. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
NYSE:ENBL opened at $13.38 on Wednesday. The stock has a market cap of $5.82 billion, a price-to-earnings ratio of 12.05, a PEG ratio of 3.44 and a beta of 1.39. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.28 and a quick ratio of 0.25. Enable Midstream Partners has a fifty-two week low of $12.31 and a fifty-two week high of $19.27.
Enable Midstream Partners (NYSE:ENBL) last released its quarterly earnings data on Tuesday, February 19th. The pipeline company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.11. The business had revenue of $950.00 million during the quarter, compared to analyst estimates of $887.67 million. Enable Midstream Partners had a net margin of 15.19% and a return on equity of 7.20%. Enable Midstream Partners’s revenue was up 17.9% compared to the same quarter last year. During the same period last year, the business earned $0.23 EPS. Equities research analysts expect that Enable Midstream Partners will post 1.05 earnings per share for the current year.
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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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