NYSE:ENBLEnable Midstream Partners Stock Price, Forecast & News

$5.14

+0.46 (+9.83 %)

(As of 06/4/2020 04:00 PM ET)

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Today's Range

$4.64

Now: $5.14▼

$5.28

50-Day Range

$3.09

MA: $3.92▼

$4.54

52-Week Range

$1.61

Now: $5.14▼

$14.48

Volume229,795 shs

Average Volume1.98 million shs

Market Capitalization$2.24 billion

P/E Ratio6.85

Dividend Yield15.41%

Beta2.56

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. The Transportation and Storage segment offers interstate and intrastate natural gas pipeline transportation and storage services to natural gas producers, utilities, and industrial customers. The company's natural gas gathering and processing assets are located in Oklahoma, Texas, Arkansas, and Louisiana; crude oil gathering assets are located in North Dakota; and natural gas transportation and storage assets extend from western Oklahoma and the Texas Panhandle to Louisiana, from Louisiana to Illinois, in Oklahoma, and from Louisiana to Alabama. As of December 31, 2018, its portfolio of midstream energy infrastructure assets included approximately 13,900 miles of gathering pipelines; 15 processing plants with 2.6 billion cubic feet per day of processing capacity; approximately 7,800 miles of interstate pipelines; approximately 2,300 miles of intrastate pipelines; and 8 natural gas storage facilities with 84.5 billion cubic feet of storage capacity. The company is based in Oklahoma City, Oklahoma. Enable Midstream Partners, LP is a subsidiary of CenterPoint Energy, Inc.

Beat the Market (BTM) Rank^™

4.0 Analyst's Opinion

Consensus Rating
Enable Midstream Partners has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 1 buy rating, 5 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $9.17, Enable Midstream Partners has a potential upside of 78.3% from its current price of $5.14.
Amount of Analyst Coverage
Enable Midstream Partners has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.3 Community Rank

Outperform Votes
Enable Midstream Partners has received 344 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Enable Midstream Partners has received 408 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Enable Midstream Partners has received 54.26% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Enable Midstream Partners and other stocks. Vote “Outperform” if you believe ENBL will outperform the S&P 500 over the long term. Vote “Underperform” if you believe ENBL will underperform the S&P 500 over the long term. You may vote once every thirty days.

2.5 Dividend Strength

Dividend Leadership
Enable Midstream Partners is a leading dividend payer. It pays a dividend yield of 15.41%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Enable Midstream Partners has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Enable Midstream Partners is 65.35 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on EPS estimates, Enable Midstream Partners will have a dividend payout ratio of 104.76 % in the coming year. This indicates that Enable Midstream Partners may not be able to sustain their current dividend.

3.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Enable Midstream Partners insiders have bought more of their company's stock than they have sold. Specifically, they have bought $18,935.00 in company stock and sold $0.00 in company stock.
Percentage Held by Institutions
Only 12.31% of the stock of Enable Midstream Partners is held by institutions.

1.9 Earnings and Valuation

Earnings Growth
Earnings for Enable Midstream Partners are expected to decrease by -21.25% in the coming year, from $0.80 to $0.63 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Enable Midstream Partners is 6.85, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 16.28.
Price to Earnings Ratio vs. Sector
The P/E ratio of Enable Midstream Partners is 6.85, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 10.15.
Price to Book Value per Share Ratio
Enable Midstream Partners has a P/B Ratio of 0.32. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.74 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Natural gas transmission

Sub-IndustryN/A

SectorOils/Energy

Current SymbolNYSE:ENBL

Previous Symbol

CUSIPN/A

CIK1591763

Webwww.enablemidstream.com

Phone405-525-7788

Debt

Debt-to-Equity Ratio0.61

Current Ratio0.85

Quick Ratio0.74

Price-To-Earnings

Trailing P/E Ratio6.85

Forward P/E Ratio6.43

P/E GrowthN/A

Sales & Book Value

Annual Sales$2.96 billion

Price / Sales0.76

Cash Flow$2.52 per share

Price / Cash Flow2.04

Book Value$16.19 per share

Price / Book0.32

Profitability

EPS (Most Recent Fiscal Year)$1.01

Net Income$396 million

Net Margins13.72%

Return on Equity7.04%

Return on Assets4.06%

Miscellaneous

Employees1,735

Outstanding Shares435,450,000

Market Cap$2.24 billion

Next Earnings Date8/4/2020 (Estimated)

OptionableOptionable

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Enable Midstream Partners (NYSE:ENBL) Frequently Asked Questions

How has Enable Midstream Partners' stock been impacted by COVID-19 (Coronavirus)?

Enable Midstream Partners' stock was trading at $5.12 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, ENBL shares have increased by 0.4% and is now trading at $5.14. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Enable Midstream Partners?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Enable Midstream Partners in the last year. There are currently 1 sell rating, 5 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Enable Midstream Partners.

When is Enable Midstream Partners' next earnings date?

Enable Midstream Partners is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for Enable Midstream Partners.

How were Enable Midstream Partners' earnings last quarter?

Enable Midstream Partners LP (NYSE:ENBL) issued its quarterly earnings data on Wednesday, May, 6th. The pipeline company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by $0.02. The pipeline company earned $648 million during the quarter, compared to analysts' expectations of $840.92 million. Enable Midstream Partners had a return on equity of 7.04% and a net margin of 13.72%. The business's revenue for the quarter was down 18.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.26 EPS. View Enable Midstream Partners' earnings history.

How often does Enable Midstream Partners pay dividends? What is the dividend yield for Enable Midstream Partners?

Enable Midstream Partners declared a quarterly dividend on Tuesday, May 5th. Stockholders of record on Tuesday, May 19th will be paid a dividend of $0.165 per share on Wednesday, May 27th. This represents a $0.66 dividend on an annualized basis and a yield of 12.84%. The ex-dividend date is Monday, May 18th. View Enable Midstream Partners' dividend history.

What price target have analysts set for ENBL?

7 brokers have issued 12-month price targets for Enable Midstream Partners' shares. Their forecasts range from $3.00 to $15.00. On average, they anticipate Enable Midstream Partners' stock price to reach $9.17 in the next twelve months. This suggests a possible upside of 78.3% from the stock's current price. View analysts' price targets for Enable Midstream Partners.

Has Enable Midstream Partners been receiving favorable news coverage?

News headlines about ENBL stock have trended somewhat negative this week, InfoTrie reports. The research group scores the sentiment of media coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Enable Midstream Partners earned a news impact score of -1.0 on InfoTrie's scale. They also gave news articles about the pipeline company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the stock's share price in the immediate future. View the latest news aboutEnable Midstream Partners.

Are investors shorting Enable Midstream Partners?

Enable Midstream Partners saw a decrease in short interest in the month of May. As of May 15th, there was short interest totaling 2,090,000 shares, a decrease of 25.6% from the April 30th total of 2,810,000 shares. Based on an average daily volume of 3,020,000 shares, the short-interest ratio is presently 0.7 days. Currently, 2.5% of the company's stock are short sold. View Enable Midstream Partners' Current Options Chain.

Who are some of Enable Midstream Partners' key competitors?

Some companies that are related to Enable Midstream Partners include Targa Resources (TRGP), EQM Midstream Partners (EQM), Western Midstream Partners (WES), TC Pipelines (TCP), DCP Midstream (DCP), Antero Midstream (AM), Rattler Midstream (RTLR), USA Compression Partners (USAC), EnLink Midstream (ENLC), Archrock (AROC), Transportadora de Gas del Sur (TGS), CNX Midstream Partners (CNXM) and Summit Midstream Partners (SMLP). View all competitors.

What other stocks do shareholders of Enable Midstream Partners own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Enable Midstream Partners investors own include Energy Transfer LP Unit (ET), Main Street Capital (MAIN), Enbridge (ENB), NGL Energy Partners (NGL), New Residential Investment (NRZ), Enterprise Products Partners (EPD), AGNC Investment (AGNC), Ares Capital (ARCC), NY MTG TR INC/SH (NYMT) and Opko Health (OPK).

Who are Enable Midstream Partners' key executives?

Enable Midstream Partners' management team includes the following people:

Mr. Rodney J. Sailor, Pres, CEO & Director of Enable GP LLC (Age 61)
Mr. John Paul Laws, Exec. VP, CFO & Treasurer of Enable GP LLC (Age 44)
Mr. Craig S. Harris, Exec. VP & COO of Enable GP LLC (Age 54)
Ms. Deanna J. Farmer, Exec. VP & Chief Admin. Officer of Enable GP LLC (Age 54)
Mr. Mark C. Schroeder, Exec. VP & Gen. Counsel of Enable GP LLC (Age 63)

What is Enable Midstream Partners' stock symbol?

Enable Midstream Partners trades on the New York Stock Exchange (NYSE) under the ticker symbol "ENBL."

Who are Enable Midstream Partners' major shareholders?

Enable Midstream Partners' stock is owned by a variety of retail and institutional investors. Top institutional investors include Alps Advisors Inc. (2.61%), Clearbridge Investments LLC (1.49%), Tortoise Capital Advisors L.L.C. (1.24%), Morgan Stanley (0.74%), Morgan Stanley (0.73%) and JPMorgan Chase & Co. (0.50%). Company insiders that own Enable Midstream Partners stock include Peter H Kind, Sean Trauschke and Thomas L Levescy. View institutional ownership trends for Enable Midstream Partners.

Which major investors are selling Enable Midstream Partners stock?

ENBL stock was sold by a variety of institutional investors in the last quarter, including Tortoise Capital Advisors L.L.C., Clearbridge Investments LLC, UBS Group AG, Cohen & Steers Inc., Rafferty Asset Management LLC, Wells Fargo & Company MN, Morgan Stanley, and Morgan Stanley. View insider buying and selling activity for Enable Midstream Partners.

Which major investors are buying Enable Midstream Partners stock?

ENBL stock was bought by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Harvest Fund Advisors LLC, Alps Advisors Inc., Citigroup Inc., Commonwealth of Pennsylvania Public School Empls Retrmt SYS, Invesco Ltd., Barings LLC, and Nwam LLC. Company insiders that have bought Enable Midstream Partners stock in the last two years include Peter H Kind, and Sean Trauschke. View insider buying and selling activity for Enable Midstream Partners.

How do I buy shares of Enable Midstream Partners?

Shares of ENBL can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Enable Midstream Partners' stock price today?

One share of ENBL stock can currently be purchased for approximately $5.14.

How big of a company is Enable Midstream Partners?

Enable Midstream Partners has a market capitalization of $2.24 billion and generates $2.96 billion in revenue each year. The pipeline company earns $396 million in net income (profit) each year or $1.01 on an earnings per share basis. Enable Midstream Partners employs 1,735 workers across the globe.

What is Enable Midstream Partners' official website?

The official website for Enable Midstream Partners is www.enablemidstream.com.

How can I contact Enable Midstream Partners?

Enable Midstream Partners' mailing address is 499 West Sheridan Avenue Suite 1500, OKLAHOMA OK, 73102. The pipeline company can be reached via phone at 405-525-7788 or via email at [email protected]

This page was last updated on 6/4/2020 by MarketBeat.com Staff