Wells Fargo Cuts Enable Midstream Partners (NYSE:ENBL) Stock To a Market Perform Rating

May 17, 2018 - By Kristen Paramore

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Enable Midstream Partners (NYSE:ENBL) Receives a Downgrade

Wells Fargo has downgraded the rating for shares of Enable Midstream Partners (NYSE:ENBL) to a solid Market Perform in a note sent to clients and investors on 17 May. ENBL’s previous rating by the firm was a Outperform.

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

Among 6 analysts covering Enable Midstream Partners (NYSE:ENBL), 5 have Buy rating, 1 Sell and 0 Hold. Therefore 83% are positive. Enable Midstream Partners has $20 highest and $14 lowest target. $17.60’s average target is 15.18% above currents $15.28 stock price. Enable Midstream Partners had 7 analyst reports since December 6, 2017 according to SRatingsIntel. Citigroup upgraded Enable Midstream Partners, LP (NYSE:ENBL) on Tuesday, March 27 to “Buy” rating. On Wednesday, December 6 the stock rating was initiated by R. F. Lafferty with “Buy”. UBS maintained Enable Midstream Partners, LP (NYSE:ENBL) on Wednesday, February 21 with “Buy” rating. Barclays Capital maintained Enable Midstream Partners, LP (NYSE:ENBL) on Tuesday, April 17 with “Underweight” rating. The firm earned “Buy” rating on Tuesday, March 27 by Bank of America. UBS maintained Enable Midstream Partners, LP (NYSE:ENBL) on Friday, March 2 with “Buy” rating.

The stock decreased 0.33% or $0.05 during the last trading session, reaching $15.28. About 1.10M shares traded or 291.76% up from the average. Enable Midstream Partners, LP (NYSE:ENBL) has declined 18.20% since May 18, 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 EPS, up 10.00 % or $0.02 from last year’s $0.2 per share. ENBL’s profit will be $95.27M for 17.36 P/E if the $0.22 EPS becomes a reality. After $0.24 actual EPS 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: Benzinga.com which released: “Benzinga’s Top Upgrades, Downgrades For May 17, 2018” on May 17, 2018. Also Streetinsider.com published the news titled: “Enable Midstream Partners (ENBL) Tops Q1 EPS by 1c, Beats on Revenues; Boosts FY18 View on Net Income, Adj …” on May 02, 2018. Investorplace.com‘s news article titled: “Should You Follow Bridgewater Associates Into CenterPoint Energy, Inc.?” with publication date: April 23, 2018 was also an interesting one.

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

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