The stock of Enable Midstream Partners LP (NYSE:ENBL) is a huge mover today! The stock decreased 8.33% or $1.34 on November 23, hitting $14.75. About 4.47 million shares traded hands or 2225.16% up from the average. Enable Midstream Partners LP (NYSE:ENBL) has risen 34.83% since April 22, 2016 and is uptrending. It has outperformed by 29.42% the S&P500.
The move comes after 8 months negative chart setup for the $6.13 billion company. It was reported on Nov, 24 by Barchart.com. We have $13.57 PT which if reached, will make NYSE:ENBL worth $490.40 million less.
Analysts await Enable Midstream Partners LP (NYSE:ENBL) to report earnings on February, 15. They expect $0.19 EPS, down 20.83% or $0.05 from last year’s $0.24 per share. ENBL’s profit will be $78.96 million for 19.41 P/E if the $0.19 EPS becomes a reality. After $0.26 actual EPS reported by Enable Midstream Partners LP for the previous quarter, Wall Street now forecasts -26.92% negative EPS growth.
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. $23 is the highest target while $6 is the lowest. The $14.78 average target is 0.20% above today’s ($14.75) stock price. Enable Midstream Partners has been the topic of 21 analyst reports since July 22, 2015 according to StockzIntelligence Inc. Citigroup upgraded the stock to “Buy” rating in Monday, October 19 report. Morgan Stanley initiated it with “Underweight” rating and $6 target price in Thursday, February 25 report. The rating was downgraded by Credit Suisse to “Neutral” on Wednesday, August 12. Barclays Capital downgraded Enable Midstream Partners LP (NYSE:ENBL) rating on Monday, June 20. Barclays Capital has “Underweight” rating and $14 price target. Barclays Capital maintained Enable Midstream Partners LP (NYSE:ENBL) on Monday, May 9 with “Equal-Weight” rating. Credit Suisse downgraded the stock to “Neutral” rating in Tuesday, September 13 report. The stock of Enable Midstream Partners LP (NYSE:ENBL) has “Sell” rating given on Friday, September 11 by Goldman Sachs. The company was upgraded on Monday, May 23 by JP Morgan. The company was downgraded on Friday, June 17 by Citigroup. The firm has “Outperform” rating given on Thursday, March 17 by Credit Suisse.
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 important recent Enable Midstream Partners LP (NYSE:ENBL) news were published by: Businesswire.com which released: “Enable Midstream Partners Announces Offering of Common Units” on November 22, 2016, also Streetinsider.com published article titled: “Enable Midstream Partners (ENBL) Prices 10M Units Offering for Proceeds of ~$140M”, Fool.com published: “Why Enable Midstream Partners LP Was Up 14% in August” on September 01, 2016. More interesting news about Enable Midstream Partners LP (NYSE:ENBL) was released by: Nasdaq.com and their article: “Enable Midstream Partners, LP (ENBL) Ex-Dividend Date Scheduled for November …” with publication date: November 08, 2016.
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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