Enable Midstream Partners LP (ENBL) was Downgraded by Barclays to ” Underweight” according to the research note released today. The brokerage firm has raised the Price Target to $ 14 from a previous price target of $13 . Earlier the firm had a rating of “Equal Weight ” on the company shares. Barclays advised their investors in a research report released on Jun 20, 2016.
Many Wall Street Analysts have commented on Enable Midstream Partners LP. Enable Midstream Partners LP was Downgraded by Citigroup to ” Neutral” on Jun 17, 2016. Enable Midstream Partners LP was Upgraded by JP Morgan to ” Overweight” on May 23, 2016.
Enable Midstream Partners LP opened for trading at $14.04 and hit $14.4 on the upside on Friday, eventually ending the session at $14.34, with a gain of 1.85% or 0.26 points. The heightened volatility saw the trading volume jump to 31,19,477 shares. Company has a market cap of $6,056 M.
In a different news, on Mar 8, 2016, Peter B Delaney (director) purchased 2,000 shares at $6.65 per share price. According to the SEC, on Dec 23, 2015, Alan N Harris (director) purchased 22,186 shares at $13.89 per share price. On Dec 15, 2015, C. Scott Hobbs (director) purchased 10,000 shares at $7.00 per share price, according to the Form-4 filing with the securities and exchange commission.
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.