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%.
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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