Time to Reconsider Enable Midstream Partners Lpunits Represe (NYSE:ENBL) After More Short Sellers?

April 26, 2018 - By Linda Rogers

Enable Midstream Partners, LP (NYSE:ENBL) Logo

The stock of Enable Midstream Partners Lpunits Represe (NYSE:ENBL) registered an increase of 19.83% in short interest. ENBL’s total short interest was 1.35 million shares in April as published by FINRA. Its up 19.83% from 1.13 million shares, reported previously. With 377,100 shares average volume, it will take short sellers 4 days to cover their ENBL’s short positions. The short interest to Enable Midstream Partners Lpunits Represe’s float is 1.55%.

The stock increased 1.39% or $0.19 during the last trading session, reaching $13.9. About 57,911 shares traded. Enable Midstream Partners, LP (NYSE:ENBL) has declined 18.20% since April 26, 2017 and is downtrending. It has underperformed by 29.75% the S&P500.

Enable Midstream Partners, LP owns, operates, and develops midstream energy infrastructure assets in the United States. The company has market cap of $6.01 billion. It operates in two divisions, Gathering and Processing, and Transportation and Storage. It has a 15.08 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.

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

Among 7 analysts covering Enable Midstream Partners (NYSE:ENBL), 5 have Buy rating, 1 Sell and 1 Hold. Therefore 71% are positive. Enable Midstream Partners had 8 analyst reports since November 17, 2017 according to SRatingsIntel. The firm earned “Buy” rating on Tuesday, March 27 by Bank of America. On Tuesday, March 27 the stock rating was upgraded by Citigroup to “Buy”. Goldman Sachs reinitiated Enable Midstream Partners, LP (NYSE:ENBL) on Friday, November 17 with “Neutral” rating. The stock has “Underweight” rating by Barclays Capital on Tuesday, April 17. The firm earned “Buy” rating on Wednesday, December 6 by R. F. Lafferty. UBS maintained the stock with “Buy” rating in Friday, March 2 report. UBS maintained it with “Buy” rating and $20 target in Wednesday, February 21 report.

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

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