Does a Barclays Upgrade Make Shares of Enable Midstream Partners (NYSE:ENBL) a ‘Buy’?

June 12, 2018 - By Richard Conner

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Enable Midstream Partners (NYSE:ENBL) Stock Upgrade

Barclays gave has just issued a new rating of “Equal-Weight” on shares of Enable Midstream Partners (NYSE:ENBL) in analysts report published earlier today, which is a upgrade from the previous “Underweight” rating for shares. The broker now has a solid $17 target on Enable Midstream Partners (NYSE:ENBL), which suggests downside potential of around -2.02 %.

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. Barclays Capital maintained the shares of ENBL in report on Tuesday, April 17 with “Underweight” rating. On Tuesday, March 27 the stock rating was maintained by Bank of America with “Buy”. The stock of Enable Midstream Partners, LP (NYSE:ENBL) has “Market Perform” rating given on Thursday, May 17 by Wells Fargo. The firm earned “Buy” rating on Friday, March 2 by UBS. The firm has “Buy” rating by Citigroup given on Tuesday, March 27. The company was maintained on Wednesday, February 21 by UBS. The firm earned “Neutral” rating on Monday, June 4 by Citigroup. As per Wednesday, June 6, the company rating was maintained by Stifel Nicolaus.

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 $99.61M 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: Streetinsider.com which released: “Barclays Upgrades Enable Midstream Partners (ENBL) to Equalweight” on June 12, 2018, also Benzinga.com published article titled: “Barclays Downgrades Targa, DCP Midstream On Decelerating Permian Volumes; Enable Midstream Upgraded”, Benzinga.com published: “Benzinga’s Top Upgrades, Downgrades For June 12, 2018” on June 12, 2018. More interesting news about Enable Midstream Partners, LP (NYSE:ENBL) was released by: 247Wallst.com and their article: “Top Analyst Upgrades and Downgrades: Barrick Gold, Buckeye Partners, Interdigital, Penn Virginia, SeaWorld, Weight …” with publication date: June 12, 2018.

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

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