Enable Midstream Partners LP (ENBL) Receives $18.29 Consensus Target Price from Brokerages
Shares of Enable Midstream Partners LP (NYSE:ENBL) have earned a consensus rating of “Hold” from the nine ratings firms that are presently covering the stock, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $18.13.
A number of equities research analysts have weighed in on ENBL shares. Zacks Investment Research upgraded shares of Enable Midstream Partners from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research note on Wednesday, October 10th. Bank of America decreased their target price on shares of Enable Midstream Partners from $20.00 to $18.00 and set a “buy” rating for the company in a research note on Friday, October 26th.
ENBL stock traded down $0.48 during midday trading on Friday, hitting $14.78. The company’s stock had a trading volume of 11,682 shares, compared to its average volume of 847,289. The stock has a market capitalization of $6.72 billion, a PE ratio of 16.10, a price-to-earnings-growth ratio of 1.84 and a beta of 1.39. Enable Midstream Partners has a 12 month low of $12.31 and a 12 month high of $19.27. The company has a current ratio of 0.34, a quick ratio of 0.31 and a debt-to-equity ratio of 0.40.
Large investors have recently bought and sold shares of the company. Archford Capital Strategies LLC increased its stake in shares of Enable Midstream Partners by 101.3% in the 2nd quarter. Archford Capital Strategies LLC now owns 7,857 shares of the pipeline company’s stock worth $134,000 after purchasing an additional 3,954 shares in the last quarter. California Public Employees Retirement System purchased a new stake in shares of Enable Midstream Partners in the 2nd quarter worth $348,000. Ballentine Partners LLC purchased a new stake in shares of Enable Midstream Partners in the 3rd quarter worth $476,000. Russell Investments Group Ltd. purchased a new stake in shares of Enable Midstream Partners in the 3rd quarter worth $573,000. Finally, GSA Capital Partners LLP purchased a new stake in shares of Enable Midstream Partners in the 3rd quarter worth $613,000. Hedge funds and other institutional investors own 19.47% of the company’s stock.
About Enable Midstream Partners
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.
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