Enable Midstream Partners LP (ENBL) was Downgraded by Credit Suisse to ” Neutral”. Earlier the firm had a rating of “Outperform ” on the company shares. Credit Suisse advised their investors in a research report released on Sep 13, 2016.
Many Wall Street Analysts have commented on Enable Midstream Partners LP. Company shares were Downgraded by Barclays on Jun 20, 2016 to ” Underweight”, Firm has raised the Price Target to $ 14 from a previous price target of $13 .Enable Midstream Partners LP was Downgraded by Citigroup to ” Neutral” on Jun 17, 2016.
Enable Midstream Partners LP closed down -0.33 points or -2.12% at $15.21 with 153,000 shares getting traded on Monday. Post opening the session at $15.2, the shares hit an intraday low of $14.7601 and an intraday high of $15.5 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
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.