Brokerage Firm Rating Update on Enable Midstream Partners LP (ENBL)

Enable Midstream Partners LP (ENBL) : The consensus on Enable Midstream Partners LP (ENBL) based on 4 analyst recommendation on the company stock is 4.08, which is interpreted as a Strong Sell recommendation. Zacks Investment Research has issued a rank of 5 which endorses a Strong Sell on the stock. However, 1 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 2 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Enable Midstream Partners LP (ENBL).

Enable Midstream Partners LP (ENBL) : The most positive equity analysts on Enable Midstream Partners LP (ENBL) expects the shares to touch $15, whereas, the least positive believes that the stock will trade at $12 in the short term. The company is covered by 4 Wall Street Brokerage Firms. The average price target for shares are $13.5 with an expected fluctuation of $1.29 from the mean.


Company shares have received an average consensus rating of Hold for the current week Also, Brokerage firm Barclays downgrades its rating on Enable Midstream Partners LP (NYSE:ENBL). As per the latest information, the brokerage house raises the price target to $14 per share from a prior target of $13. The shares have been rated Underweight. Previously, the analysts had a Equal-weight rating on the shares. The rating by the firm was issued on June 20, 2016.

Enable Midstream Partners LP (NYSE:ENBL): The stock opened at $15.28 and touched an intraday high of $16.17 on Wednesday. During the day, the stock corrected to an intraday low of $15.03, however, the bulls stepped in and pushed the price higher to close in the green at $16.03 with a gain of 5.81% for the day. The total traded volume for the day was 438,478. The stock had closed at $15.15 in the previous trading session.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.