Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Enable Midstream Partners, (ENBL) Share Price
Media coverage about Enable Midstream Partners, (NYSE:ENBL) has trended somewhat positive on Tuesday, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Enable Midstream Partners, earned a news sentiment score of 0.22 on Accern’s scale. Accern also gave news headlines about the pipeline company an impact score of 46.7905174745661 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the headlines that may have effected Accern’s scoring:
- $0.19 Earnings Per Share Expected for Enable Midstream Partners, LP (ENBL) This Quarter (americanbankingnews.com)
- What Drove Enable Midstream Partners’ Earnings Growth in 3Q17 (finance.yahoo.com)
- Zooming in on the Numbers for Enable Midstream Partners, LP (NYSE:ENBL) – Jonesboro Recorder (jonesbororecorder.com)
- Enable Midstream Partners LP breached its 50 day moving average in a Bullish Manner : ENBL-US : November 8, 2017 (finance.yahoo.com)
Enable Midstream Partners, (ENBL) traded down $0.16 during mid-day trading on Tuesday, hitting $15.02. The company had a trading volume of 131,100 shares, compared to its average volume of 204,400. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.54 and a quick ratio of 0.49. The company has a market capitalization of $6,704.73, a P/E ratio of 18.45, a P/E/G ratio of 3.58 and a beta of 1.94. Enable Midstream Partners, has a 12-month low of $13.75 and a 12-month high of $17.36.
Enable Midstream Partners, (NYSE:ENBL) last announced its earnings results on Wednesday, November 1st. The pipeline company reported $0.24 EPS for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.01. The business had revenue of $705.00 million during the quarter, compared to the consensus estimate of $688.61 million. Enable Midstream Partners, had a net margin of 14.82% and a return on equity of 5.24%. The firm’s revenue was up 13.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.26 earnings per share. analysts predict that Enable Midstream Partners, will post 0.87 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 21st. Shareholders of record on Tuesday, November 14th will be issued a $0.318 dividend. The ex-dividend date of this dividend is Monday, November 13th. This represents a $1.27 dividend on an annualized basis and a yield of 8.47%. Enable Midstream Partners,’s dividend payout ratio is presently 151.19%.
Several analysts recently weighed in on ENBL shares. Zacks Investment Research upgraded Enable Midstream Partners, from a “hold” rating to a “strong-buy” rating and set a $17.00 price objective for the company in a report on Tuesday, October 31st. BidaskClub downgraded Enable Midstream Partners, from a “hold” rating to a “sell” rating in a report on Wednesday, October 25th. Royal Bank Of Canada restated a “hold” rating on shares of Enable Midstream Partners, in a report on Monday, October 23rd. Finally, Tudor Pickering downgraded Enable Midstream Partners, from a “buy” rating to a “hold” rating in a report on Friday, October 20th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $17.45.
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In other news, Director Sean Trauschke bought 2,500 shares of Enable Midstream Partners, stock in a transaction on Thursday, August 24th. The stock was acquired at an average cost of $14.05 per share, for a total transaction of $35,125.00. Following the completion of the acquisition, the director now owns 5,000 shares of the company’s stock, valued at approximately $70,250. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Enable Midstream Partners, Company Profile
Enable Midstream Partners LP owns, operates and develops midstream energy infrastructure assets strategically located to serve its customers. The Company operates in two business segments: Gathering and Processing, and Transportation and Storage. Its gathering and processing segment primarily provides natural gas and crude oil gathering and natural gas processing services to its producer customers.
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