Revenue Update on Enable Midstream Partners LP(NYSE:ENBL)

Enable Midstream Partners LP(NYSE:ENBL) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 3, 2016. Company reported revenue of $529.00M. Analysts estimated a revenue of $644.58M. Earnings per share were $0.08. Analysts had estimated an EPS of $0.18.

In a different note, On Jun 20, 2016, Barclays said it Downgrades its rating on Enable Midstream Partners LP. In the research note, the firm Raises the price-target to $13.00 per share. The shares have been rated ‘Underweight’ by the firm. On Jun 17, 2016, Citigroup said it Downgrades its rating on Enable Midstream Partners LP. The shares have been rated ‘Neutral’ by the firm. On May 9, 2016, Barclays said it Maintains its rating on Enable Midstream Partners LP. In the research note, the firm Raises the price-target to $10.00 per share. The shares have been rated ‘Equal-weight’ by the firm.

Enable Midstream Partners LP (ENBL) made into the market gainers list on Fridays trading session with the shares advancing 0.68% or 0.088 points. Due to strong positive momentum, the stock ended at $13.02, which is also near the day’s high of $13.6. The stock began the session at $13.02 and the volume stood at 3,86,584 shares. The 52-week high of the shares is $16.61 and the 52 week low is $5.38. The company has a current market capitalization of $5,499 M and it has 42,23,17,110 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Mar 8, 2016, Peter B Delaney (director) purchased 2,000 shares at $6.65 per share price.Also, On Dec 23, 2015, Alan N Harris (director) purchased 22,186 shares at $13.89 per share price.On Dec 15, 2015, C. Scott Hobbs (director) purchased 10,000 shares at $7.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Enable Midstream Partners LP is a large-scale growth-oriented limited partnership formed to own operate and develop strategically located natural gas and crude oil infrastructure assets. It serves current and emerging production areas in the United States including several unconventional shale resource plays and local and regional end-user markets in the United States. The Company operates in two business segments: Gathering and Processing and Transportation and Storage. Gathering and processing provides natural gas gathering processing and fractionation services and crude oil gathering for producer customers. The Company’s natural gas gathering and processing assets are located in four states and serve natural gas production from shale developments in the Anadarko Arkoma and Ark-La-Tex basins. Transportation and storage provides interstate and intrastate natural gas pipeline transportation and storage service to natural gas producers utilities and industrial customers.

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