Price Action Report: Enable Midstream Partners LP Surges to 52-Week High, Is Now Top Performer

Price Action Report: Enable Midstream Partners LP Surges to 52 Week High, Is Now Top Performer

The stock of Enable Midstream Partners LP (NYSE:ENBL) hit a new 52-week high and has $26.86 target or 62.00% above today’s $16.58 share price. The 7 months bullish chart indicates low risk for the $7.24 billion company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $26.86 price target is reached, the company will be worth $4.49B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 26,258 shares traded hands. Enable Midstream Partners LP (NYSE:ENBL) has risen 61.03% since April 19, 2016 and is uptrending. It has outperformed by 57.17% the S&P500.

Enable Midstream Partners LP (NYSE:ENBL) Ratings Coverage

Out of 9 analysts covering Enable Midstream Partners (NYSE:ENBL), 3 rate it a “Buy”, 2 “Sell”, while 4 “Hold”. This means 33% are positive. Enable Midstream Partners has been the topic of 21 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The rating was downgraded by Barclays Capital to “Underweight” on Monday, June 20. Credit Suisse upgraded Enable Midstream Partners LP (NYSE:ENBL) rating on Thursday, March 17. Credit Suisse has “Outperform” rating and $11 price target. The firm earned “Sector Perform” rating on Thursday, November 5 by RBC Capital Markets. Morgan Stanley initiated it with “Underweight” rating and $6 target price in Thursday, February 25 report. The firm earned “Neutral” rating on Friday, June 17 by Citigroup. Goldman Sachs downgraded Enable Midstream Partners LP (NYSE:ENBL) on Friday, September 11 to “Sell” rating. The firm has “Neutral” rating given on Tuesday, September 13 by Credit Suisse. JP Morgan upgraded Enable Midstream Partners LP (NYSE:ENBL) on Monday, May 23 to “Overweight” rating. Credit Suisse downgraded Enable Midstream Partners LP (NYSE:ENBL) on Wednesday, August 12 to “Neutral” rating. The company was maintained on Friday, February 19 by Barclays Capital.

According to Zacks Investment Research, “Enable Midstream Partners, LP owns, operates and develops natural gas and crude oil infrastructure assets serving major producing basins and markets. It operates through two business segments: Gathering and Processing, and Transportation and Storage. The Gathering and Processing segment provides natural gas gathering, processing and fractionation services and crude oil gathering for its producer customers. The Transportation and Storage segment offers interstate and intrastate natural gas pipeline transportation and storage service to natural gas producers, utilities and industrial customers. Enable Midstream Partners, LP is based in Oklahoma City, Oklahoma.”

More news for Enable Midstream Partners LP (NYSE:ENBL) were recently published by: Fool.com, which released: “Why Enable Midstream Partners LP Was Up 14% in August” on September 01, 2016. Nasdaq.com‘s article titled: “Enable Midstream Partners, LP (ENBL) Ex-Dividend Date Scheduled for November …” and published on November 08, 2016 is yet another important article.

ENBL Company Profile

Enable Midstream Partners LP, incorporated on October 12, 1993, owns, operates and develops strategically located natural gas and crude oil infrastructure assets. The Firm operates in two business divisions: Gathering and Processing, and Transportation and Storage. The Firm serves production areas in the United States, including several unconventional shale resource plays, and local and regional end user markets in the United States.

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