Enable Midstream Partners LP (NYSE:ENBL) hit a new 52-week low on Thursday . The company traded as low as $9.91 and last traded at $10.05, with a volume of 18630 shares. The stock had previously closed at $10.24.
ENBL has been the topic of a number of recent research reports. Barclays set a $14.00 target price on Enable Midstream Partners and gave the stock a “hold” rating in a research note on Tuesday, October 15th. TheStreet lowered Enable Midstream Partners from a “b-” rating to a “c+” rating in a research note on Tuesday, October 15th. Zacks Investment Research upgraded Enable Midstream Partners from a “sell” rating to a “hold” rating in a research note on Friday, August 9th. UBS Group lowered their target price on Enable Midstream Partners from $17.00 to $16.00 and set a “buy” rating on the stock in a research note on Monday, September 23rd. Finally, ValuEngine raised Enable Midstream Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $16.00.
The firm has a market cap of $4.54 billion, a price-to-earnings ratio of 9.13, a P/E/G ratio of 1.69 and a beta of 1.21. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.30 and a quick ratio of 0.26. The stock has a 50-day moving average of $11.16 and a 200-day moving average of $12.78.
Enable Midstream Partners (NYSE:ENBL) last issued its quarterly earnings results on Wednesday, November 6th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.01. The business had revenue of $699.00 million for the quarter, compared to the consensus estimate of $890.64 million. Enable Midstream Partners had a return on equity of 7.73% and a net margin of 16.37%. The firm’s quarterly revenue was down 24.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.30 earnings per share. On average, equities analysts expect that Enable Midstream Partners LP will post 1.03 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Tuesday, November 19th will be given a dividend of $0.331 per share. The ex-dividend date is Monday, November 18th. This represents a $1.32 dividend on an annualized basis and a yield of 13.07%. This is an increase from Enable Midstream Partners’s previous quarterly dividend of $0.32. Enable Midstream Partners’s dividend payout ratio is currently 118.92%.
A number of large investors have recently modified their holdings of the stock. BBVA USA Bancshares Inc. acquired a new stake in Enable Midstream Partners during the third quarter worth approximately $626,000. Tower Research Capital LLC TRC acquired a new stake in Enable Midstream Partners during the third quarter worth approximately $63,000. Arrow Investment Advisors LLC grew its position in Enable Midstream Partners by 13.5% during the third quarter. Arrow Investment Advisors LLC now owns 32,145 shares of the pipeline company’s stock worth $387,000 after buying an additional 3,813 shares in the last quarter. Kayne Anderson Capital Advisors LP acquired a new stake in Enable Midstream Partners during the third quarter worth approximately $16,673,000. Finally, Alps Advisors Inc. grew its position in Enable Midstream Partners by 37.9% during the third quarter. Alps Advisors Inc. now owns 10,772,567 shares of the pipeline company’s stock worth $129,594,000 after buying an additional 2,960,918 shares in the last quarter. 17.80% of the stock is currently owned by institutional investors and hedge funds.
About Enable Midstream Partners (NYSE:ENBL)
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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