Breaking: Could Enable Midstream Partners LP Decline After Today’s Significant Increase?

Breaking: Could Enable Midstream Partners LP Decline After Today's Significant Increase?

The stock of Enable Midstream Partners LP (NYSE:ENBL) is a huge mover today! About 633,485 shares traded hands or 78.86% up from the average. Enable Midstream Partners LP (NYSE:ENBL) has risen 26.05% since April 27, 2016 and is uptrending. It has outperformed by 20.83% the S&P500.
The move comes after 8 months positive chart setup for the $6.49B company. It was reported on Nov, 30 by Barchart.com. We have $16.18 PT which if reached, will make NYSE:ENBL worth $454.30M more.

Analysts await Enable Midstream Partners LP (NYSE:ENBL) to report earnings on February, 15. They expect $0.19 earnings per share, down 20.83% or $0.05 from last year’s $0.24 per share. ENBL’s profit will be $81.55 million for 19.89 P/E if the $0.19 EPS becomes a reality. After $0.26 actual earnings per share 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. Enable Midstream Partners has been the topic of 21 analyst reports since July 22, 2015 according to StockzIntelligence Inc. Citigroup upgraded the shares of ENBL in a report on Monday, October 19 to “Buy” rating. Barclays Capital maintained the stock with “Equal-Weight” rating in Thursday, March 31 report. The stock of Enable Midstream Partners LP (NYSE:ENBL) earned “Outperform” rating by Credit Suisse on Thursday, March 17. The rating was maintained by RBC Capital Markets on Thursday, November 5 with “Sector Perform”. The firm earned “Overweight” rating on Monday, May 23 by JP Morgan. Barclays Capital maintained the stock with “Equal-Weight” rating in Friday, February 19 report. The stock has “Neutral” rating given by Goldman Sachs on Monday, September 19. As per Thursday, February 25, the company rating was initiated by Morgan Stanley. Credit Suisse downgraded Enable Midstream Partners LP (NYSE:ENBL) on Wednesday, August 12 to “Neutral” rating. The rating was downgraded by Citigroup on Friday, June 17 to “Neutral”.

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 Fool.com published article titled: “Why Enable Midstream Partners LP Was Up 14% in August”, Nasdaq.com published: “Enable Midstream Partners, LP (ENBL) Ex-Dividend Date Scheduled for November …” on November 08, 2016. More interesting news about Enable Midstream Partners LP (NYSE:ENBL) was released by: Businesswire.com and their article: “Enable Midstream Completes Bradley II Processing Plant” with publication date: July 11, 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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