Enable Midstream Partners (NYSE:ENBL) Issues Earnings Results


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Enable Midstream Partners (NYSE:ENBL) posted its quarterly earnings data on Sunday. The pipeline company reported $0.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.16, Briefing.com reports. The company had revenue of $970.00 million during the quarter, compared to analyst estimates of $741.79 million. Enable Midstream Partners had a net margin of 0.40% and a return on equity of 4.98%. The company’s revenue was up 49.7% on a year-over-year basis. During the same quarter last year, the business posted $0.19 earnings per share.

ENBL stock traded up $0.16 during midday trading on Tuesday, reaching $7.57. The stock had a trading volume of 728,688 shares, compared to its average volume of 1,361,706. The firm has a market cap of $3.30 billion, a price-to-earnings ratio of -67.36 and a beta of 2.66. Enable Midstream Partners has a twelve month low of $3.63 and a twelve month high of $7.63. The company has a quick ratio of 0.51, a current ratio of 0.58 and a debt-to-equity ratio of 0.59. The business has a fifty day simple moving average of $6.88 and a two-hundred day simple moving average of $5.91.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 25th. Stockholders of record on Thursday, May 13th will be paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 8.72%. The ex-dividend date is Wednesday, May 12th. Enable Midstream Partners’s dividend payout ratio (DPR) is presently 65.35%.

A number of equities research analysts recently weighed in on ENBL shares. Barclays raised Enable Midstream Partners from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $5.00 to $7.00 in a report on Monday, March 8th. Zacks Investment Research cut Enable Midstream Partners from a “buy” rating to a “hold” rating in a report on Tuesday, April 27th. Finally, Mizuho reissued a “neutral” rating and set a $7.00 price objective (down previously from $8.00) on shares of Enable Midstream Partners in a report on Monday, March 8th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $5.55.

Enable Midstream Partners Company Profile

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 and processing services in the Anadarko, Arkoma, and Ark-La-Tex basins, as well as crude oil gathering services in the Anadarko and Williston basins for its producer customers.

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Earnings History for Enable Midstream Partners (NYSE:ENBL)

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