Goldman Sachs Upgrades Enable Midstream Partners LP to Neutral with Price Target $16.00

Brokerage firm Goldman Sachs Upgrades its rating on Enable Midstream Partners LP(NYSE:ENBL). In a research note issued to the investors, the brokerage major Raises the price-target to $16.00 per share. The shares have been rated Neutral. Previously, the analysts had a Sell rating on the shares. The rating by Goldman Sachs was issued on Sep 19, 2016.

In a different note, On Sep 13, 2016, Credit Suisse said it Downgrades its rating on Enable Midstream Partners LP. The shares have been rated ‘Neutral’ by the firm.

Enable Midstream Partners LP (ENBL) made into the market gainers list on Thursdays trading session with the shares advancing 3.30% or 0.5 points. Due to strong positive momentum, the stock ended at $15.65, which is also near the day’s high of $15.68. The stock began the session at $15.42 and the volume stood at 1,66,474 shares. The 52-week high of the shares is $16.5 and the 52 week low is $5.38. The company has a current market capitalization of $6,609 M and it has 42,23,17,110 shares in outstanding.

Enable Midstream Partners LP(ENBL) last announced its earnings results on Aug 3, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $529.00M. Analysts had an estimated revenue of $644.58M. Earnings per share were $0.08. Analysts had estimated an EPS of $0.18.

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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