News stories about Enable Midstream Partners (NYSE:ENBL) have been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Enable Midstream Partners earned a news sentiment score of 0.14 on Accern’s scale. Accern also assigned news stories about the pipeline company an impact score of 46.4052519406748 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
ENBL has been the subject of several recent analyst reports. BidaskClub upgraded Enable Midstream Partners from a “hold” rating to a “buy” rating in a report on Wednesday, September 6th. R. F. Lafferty initiated coverage on Enable Midstream Partners in a report on Wednesday, December 6th. They issued a “buy” rating and a $19.00 price target for the company. Royal Bank of Canada restated a “hold” rating on shares of Enable Midstream Partners in a report on Monday, October 23rd. Tudor Pickering downgraded Enable Midstream Partners from a “buy” rating to a “hold” rating in a report on Friday, October 20th. Finally, JPMorgan Chase & Co. downgraded Enable Midstream Partners from an “overweight” rating to a “neutral” rating in a report on Tuesday, November 21st. One analyst has rated the stock with a sell rating, six have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $17.71.
Enable Midstream Partners (NYSE ENBL) traded down $0.03 during mid-day trading on Tuesday, hitting $14.22. The stock had a trading volume of 247,500 shares, compared to its average volume of 218,367. Enable Midstream Partners has a 52 week low of $13.75 and a 52 week high of $17.36. The company has a quick ratio of 0.49, a current ratio of 0.54 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $6,151.05, a PE ratio of 16.93, a P/E/G ratio of 3.17 and a beta of 1.92.
Enable Midstream Partners (NYSE:ENBL) last issued its quarterly earnings results on Wednesday, November 1st. The pipeline company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.23 by $0.01. Enable Midstream Partners had a return on equity of 5.24% and a net margin of 14.82%. The firm had revenue of $705.00 million during the quarter, compared to analysts’ expectations of $688.61 million. During the same period in the prior year, the firm posted $0.26 earnings per share. The business’s quarterly revenue was up 13.7% compared to the same quarter last year. sell-side analysts anticipate that Enable Midstream Partners will post 0.9 earnings per share for the current fiscal year.
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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