Enable Midstream Partners LP (NYSE:ENBL) Short Interest Update

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Enable Midstream Partners LP (NYSE:ENBL) was the target of a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 2,770,000 shares, a growth of 19.4% from the September 30th total of 2,320,000 shares. Approximately 3.4% of the company’s stock are short sold. Based on an average daily volume of 978,000 shares, the short-interest ratio is currently 2.8 days.

Several large investors have recently added to or reduced their stakes in ENBL. Tower Research Capital LLC TRC acquired a new stake in Enable Midstream Partners in the 3rd quarter worth approximately $63,000. Usca Ria LLC acquired a new stake in Enable Midstream Partners in the 3rd quarter worth approximately $87,000. NEXT Financial Group Inc acquired a new stake in Enable Midstream Partners in the 2nd quarter worth approximately $101,000. HighTower Advisors LLC acquired a new stake in Enable Midstream Partners in the 2nd quarter worth approximately $150,000. Finally, Sigma Planning Corp acquired a new stake in Enable Midstream Partners in the 3rd quarter worth approximately $170,000. Institutional investors and hedge funds own 18.82% of the company’s stock.

Shares of NYSE:ENBL traded down $0.04 during trading on Thursday, reaching $9.65. The stock had a trading volume of 1,631,800 shares, compared to its average volume of 720,226. Enable Midstream Partners has a one year low of $9.57 and a one year high of $16.49. The company has a market capitalization of $4.22 billion, a P/E ratio of 8.69, a PEG ratio of 1.59 and a beta of 1.21. The company has a current ratio of 0.51, a quick ratio of 0.45 and a debt-to-equity ratio of 0.55. The firm’s 50-day simple moving average is $10.87 and its 200 day simple moving average is $12.69.

Enable Midstream Partners (NYSE:ENBL) last released its quarterly earnings results on Wednesday, November 6th. The pipeline company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. Enable Midstream Partners had a net margin of 17.36% and a return on equity of 7.65%. The business had revenue of $699.00 million for the quarter, compared to analysts’ expectations of $890.64 million. During the same period last year, the business earned $0.30 EPS. The company’s revenue was down 24.7% compared to the same quarter last year. Equities research analysts forecast that Enable Midstream Partners will post 1.03 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 19th will be issued a $0.331 dividend. This is a boost from Enable Midstream Partners’s previous quarterly dividend of $0.32. This represents a $1.32 dividend on an annualized basis and a dividend yield of 13.72%. The ex-dividend date is Monday, November 18th. Enable Midstream Partners’s dividend payout ratio (DPR) is currently 118.92%.

A number of research analysts have commented on ENBL shares. UBS Group cut their target price on shares of Enable Midstream Partners from $17.00 to $16.00 and set a “buy” rating on the stock in a research report on Monday, September 23rd. Barclays set a $14.00 price target on shares of Enable Midstream Partners and gave the company a “hold” rating in a report on Tuesday, October 15th. ValuEngine cut shares of Enable Midstream Partners from a “hold” rating to a “sell” rating in a report on Monday. TheStreet cut shares of Enable Midstream Partners from a “b-” rating to a “c+” rating in a report on Tuesday, October 15th. Finally, Wells Fargo & Co lowered their price target on shares of Enable Midstream Partners from $15.00 to $12.00 and set a “market perform” rating on the stock in a report on Tuesday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $15.43.

About Enable Midstream Partners

Enable Midstream Partners, LP owns, operates, and develops midstream energy infrastructure assets in the United States. The company operates in two segments, Gathering and Processing; and Transportation and Storage. 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.

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