Enable Midstream Partners LP (ENBL) Short Interest Down 51.2% in March

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.

A number of large investors have recently added to or reduced their stakes in the business. Advisor Group Inc. grew its stake in shares of Enable Midstream Partners by 128.8% in the fourth quarter. Advisor Group Inc. now owns 1,865 shares of the pipeline company’s stock worth $25,000 after acquiring an additional 1,050 shares during the period. Raymond James Financial Services Advisors Inc. grew its stake in shares of Enable Midstream Partners by 3.6% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 34,947 shares of the pipeline company’s stock worth $473,000 after acquiring an additional 1,212 shares during the period. Arrow Investment Advisors LLC grew its stake in shares of Enable Midstream Partners by 7.6% in the fourth quarter. Arrow Investment Advisors LLC now owns 30,210 shares of the pipeline company’s stock worth $409,000 after acquiring an additional 2,139 shares during the period. Tortoise Index Solutions LLC grew its stake in shares of Enable Midstream Partners by 101.1% in the fourth quarter. Tortoise Index Solutions LLC now owns 15,092 shares of the pipeline company’s stock worth $204,000 after acquiring an additional 7,589 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Enable Midstream Partners by 11.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 96,600 shares of the pipeline company’s stock worth $1,307,000 after acquiring an additional 9,943 shares during the period. Institutional investors and hedge funds own 19.72% of the company’s stock.

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.

TRADEMARK VIOLATION NOTICE: This piece of content was originally published by Community Financial News and is the property of of Community Financial News. If you are reading this piece of content on another website, it was illegally stolen and republished in violation of U.S. & international trademark and copyright law. The correct version of this piece of content can be accessed at https://www.com-unik.info/2019/04/17/enable-midstream-partners-lp-enbl-short-interest-down-51-2-in-march.html.

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.

Featured Article: What are Bollinger Bands?

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



Comments


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