Barclays: Upgrade Given to Shares of Enable Midstream Partners (NYSE:ENBL)

June 12, 2018 - By Winifred Garcia

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Enable Midstream Partners (NYSE:ENBL) Stock Upgrade

In a report revealed to clients and investors on Tuesday, 12 June, Barclays announced that they have decided to upgrade shares of Enable Midstream Partners (NYSE:ENBL) to a “Equal-Weight” from a “Underweight”. There is now a $17 price target on ENBL’s stock.

Enable Midstream Partners, LP (NYSE:ENBL) Ratings Coverage

Among 6 analysts covering Enable Midstream Partners (NYSE:ENBL), 2 have Buy rating, 1 Sell and 3 Hold. Therefore 33% are positive. Enable Midstream Partners has $20 highest and $14 lowest target. $17’s average target is -2.02% below currents $17.35 stock price. Enable Midstream Partners had 8 analyst reports since February 21, 2018 according to SRatingsIntel. The firm has “Buy” rating by UBS given on Friday, March 2. The firm has “Market Perform” rating by Wells Fargo given on Thursday, May 17. The stock of Enable Midstream Partners, LP (NYSE:ENBL) has “Buy” rating given on Wednesday, February 21 by UBS. On Tuesday, March 27 the stock rating was upgraded by Citigroup to “Buy”. As per Tuesday, March 27, the company rating was maintained by Bank of America. Stifel Nicolaus maintained Enable Midstream Partners, LP (NYSE:ENBL) on Wednesday, June 6 with “Hold” rating. Barclays Capital maintained Enable Midstream Partners, LP (NYSE:ENBL) rating on Tuesday, April 17. Barclays Capital has “Underweight” rating and $14 target. The rating was downgraded by Citigroup on Monday, June 4 to “Neutral”.

The stock increased 1.94% or $0.33 during the last trading session, reaching $17.35. About 354,976 shares traded. Enable Midstream Partners, LP (NYSE:ENBL) has declined 2.65% since June 12, 2017 and is downtrending. It has underperformed by 15.22% the S&P500.

Analysts await Enable Midstream Partners, LP (NYSE:ENBL) to report earnings on August, 7. They expect $0.23 EPS, up 15.00 % or $0.03 from last year’s $0.2 per share. ENBL’s profit will be $99.61 million for 18.86 P/E if the $0.23 EPS becomes a reality. After $0.24 actual EPS reported by Enable Midstream Partners, LP for the previous quarter, Wall Street now forecasts -4.17 % negative EPS growth.

Enable Midstream Partners, LP owns, operates, and develops midstream energy infrastructure assets in the United States. The company has market cap of $7.51 billion. It operates in two divisions, Gathering and Processing, and Transportation and Storage. It has a 18.82 P/E ratio. The Gathering and Processing segment provides natural gas gathering, processing, and fractionation services in the Anadarko, Arkoma, and Ark-La-Tex basins, as well as crude oil gathering services in the Bakken Shale formation of the Williston Basin for its producer customers.

More important recent Enable Midstream Partners, LP (NYSE:ENBL) news were published by: Benzinga.com which released: “Benzinga’s Top Upgrades, Downgrades For June 12, 2018” on June 12, 2018, also Benzinga.com published article titled: “Barclays Downgrades Targa, DCP Midstream On Decelerating Permian Volumes; Enable Midstream Upgraded”, 247Wallst.com published: “Top Analyst Upgrades and Downgrades: Barrick Gold, Buckeye Partners, Interdigital, Penn Virginia, SeaWorld, Weight …” on June 12, 2018. More interesting news about Enable Midstream Partners, LP (NYSE:ENBL) was released by: Streetinsider.com and their article: “Barclays Upgrades Enable Midstream Partners (ENBL) to Equalweight” with publication date: June 12, 2018.

Enable Midstream Partners, LP (NYSE:ENBL) Ratings Chart

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