Is Enable Midstream Partners (ENBL) In Trouble? Wells Fargo Issues Downgrade.

May 17, 2018 - By Bradley Stiles

Enable Midstream Partners, LP (NYSE:ENBL) Logo

Enable Midstream Partners (ENBL) Receives a Downgrade

It appears that trading for shares of Enable Midstream Partners (ENBL) will be interesting to watch today. Wells Fargo downgraded the stock from their past Outperform rating to a more current Market Perform.

The stock decreased 0.33% or $0.05 during the last trading session, reaching $15.28. About 1.09M shares traded or 287.34% up from the average. Enable Midstream Partners, LP (ENBL) has declined 18.20% since May 17, 2017 and is downtrending. It has underperformed by 29.75% the S&P500.

Analysts await Enable Midstream Partners, LP (NYSE:ENBL) to report earnings on August, 7. They expect $0.22 earnings per share, up 10.00 % or $0.02 from last year’s $0.2 per share. ENBL’s profit will be $95.27 million for 17.36 P/E if the $0.22 EPS becomes a reality. After $0.24 actual earnings per share reported by Enable Midstream Partners, LP for the previous quarter, Wall Street now forecasts -8.33 % 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 $6.62 billion. It operates in two divisions, Gathering and Processing, and Transportation and Storage. It has a 16.57 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 recent Enable Midstream Partners, LP (NYSE:ENBL) news were published by: Investorplace.com which released: “Should You Follow Bridgewater Associates Into CenterPoint Energy, Inc.?” on April 23, 2018. Also Benzinga.com published the news titled: “Benzinga’s Top Upgrades, Downgrades For May 17, 2018” on May 17, 2018. Streetinsider.com‘s news article titled: “Enable Midstream Partners (ENBL) Tops Q1 EPS by 1c, Beats on Revenues; Boosts FY18 View on Net Income, Adj …” with publication date: May 02, 2018 was also an interesting one.

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

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