Stock analysts at Goldman Sachs Group, Inc. (The) assumed coverage on shares of Enable Midstream Partners, LP (NYSE:ENBL) in a report released on Friday. The firm set a “neutral” rating on the pipeline company’s stock.

Several other analysts have also issued reports on ENBL. BidaskClub upgraded shares of Enable Midstream Partners, from a “hold” rating to a “buy” rating in a research report on Thursday, September 28th. Royal Bank Of Canada restated a “hold” rating and set a $18.00 target price on shares of Enable Midstream Partners, in a research report on Sunday, September 17th. Zacks Investment Research upgraded shares of Enable Midstream Partners, from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Finally, Tudor Pickering lowered shares of Enable Midstream Partners, from a “buy” rating to a “hold” rating in a research report on Friday, October 20th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $17.45.

Shares of Enable Midstream Partners, (NYSE:ENBL) traded up $0.26 during midday trading on Friday, reaching $15.20. 135,981 shares of the company traded hands, compared to its average volume of 144,883. 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 $6,574.96, a price-to-earnings ratio of 18.10, a price-to-earnings-growth ratio of 3.51 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.01. The company had revenue of $705.00 million during the quarter, compared to analyst estimates 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 quarterly revenue was up 13.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.26 earnings per share. analysts predict that Enable Midstream Partners, will post 0.88 EPS for the current fiscal year.

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In other news, Director Sean Trauschke purchased 2,500 shares of the company’s 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 transaction, the director now directly owns 5,000 shares in the company, valued at approximately $70,250. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Institutional investors and hedge funds have recently bought and sold shares of the business. Cetera Investment Advisers bought a new position in shares of Enable Midstream Partners, in the second quarter worth approximately $662,000. Clinton Group Inc. boosted its position in shares of Enable Midstream Partners, by 53.7% in the second quarter. Clinton Group Inc. now owns 43,209 shares of the pipeline company’s stock worth $689,000 after purchasing an additional 15,098 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Enable Midstream Partners, by 18.5% in the second quarter. Goldman Sachs Group Inc. now owns 1,987,364 shares of the pipeline company’s stock worth $31,678,000 after purchasing an additional 309,872 shares during the period. Evergreen Capital Management LLC boosted its position in shares of Enable Midstream Partners, by 34.2% in the second quarter. Evergreen Capital Management LLC now owns 644,525 shares of the pipeline company’s stock worth $10,274,000 after purchasing an additional 164,325 shares during the period. Finally, Cbre Clarion Securities LLC boosted its position in shares of Enable Midstream Partners, by 3.9% in the second quarter. Cbre Clarion Securities LLC now owns 199,475 shares of the pipeline company’s stock worth $3,180,000 after purchasing an additional 7,425 shares during the period. Institutional investors and hedge funds own 18.16% of the company’s stock.

About Enable Midstream Partners,

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.

Analyst Recommendations for Enable Midstream Partners, (NYSE:ENBL)

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