Enable Midstream Partners LP (NYSE:ENBL) has climbed 1.06% in the past week and advanced 2.8% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 2.27% and the outperformance has advanced to 1.86% for the last 4 weeks period.
Enable Midstream Partners LP (NYSE:ENBL): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $14.04 and $13.78 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $14.40. The buying momentum continued till the end and the stock did not give up its gains. It closed at $14.34, notching a gain of 1.85% for the day. The total traded volume was 3,119,477 . The stock had closed at $14.08 on the previous day.
The company shares have dropped -15.15% from its 1 Year high price. On Jun 23, 2015, the shares registered one year high at $17.20 and the one year low was seen on Feb 12, 2016. The 50-Day Moving Average price is $13.72 and the 200 Day Moving Average price is recorded at $9.32.
On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Enable Midstream Partners, Lp, Delaney Peter B, had purchased 2,000 shares in a transaction dated on March 3, 2016. The transaction was executed at $6.65 per share with total amount equaling $13,300.
Many analysts have stated their opinion on the company shares. Citigroup downgrades their rating on the shares of Enable Midstream Partners LP (NYSE:ENBL). The current rating of the shares is Neutral. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on June 17, 2016. Institutional Investors own 16.18% of Enable Midstream Partners LP shares. During last six month period, the net percent change held by insiders has seen a change of 44%.
Enable Midstream Partners LP, is a large-scale, growth-oriented limited partnership formed to own, operate and develop strategically located natural gas and crude oil infrastructure assets. It serves current and emerging production areas in the United States, including several unconventional shale resource plays and local and regional end-user markets in the United States. The Company operates in two business segments: Gathering and Processing and Transportation and Storage. Gathering and processing provides natural gas gathering, processing and fractionation services and crude oil gathering for producer customers. The Companys natural gas gathering and processing assets are located in four states and serve natural gas production from shale developments in the Anadarko, Arkoma and Ark-La-Tex basins. Transportation and storage provides interstate and intrastate natural gas pipeline transportation and storage service to natural gas producers, utilities and industrial customers.