Enable Midstream Partners (ENBL) Receiving Somewhat Favorable News Coverage, Report Shows

News headlines about Enable Midstream Partners (NYSE:ENBL) have trended somewhat positive on Wednesday, according to Accern Sentiment. Accern rates the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Enable Midstream Partners earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned headlines about the pipeline company an impact score of 46.6349822091734 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

These are some of the headlines that may have impacted Accern’s scoring:

Shares of Enable Midstream Partners (NYSE ENBL) traded up $0.02 during trading on Wednesday, hitting $14.79. The stock had a trading volume of 238,535 shares, compared to its average volume of 207,211. The company has a quick ratio of 0.49, a current ratio of 0.54 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $6,315.42, a P/E ratio of 17.38, a PEG ratio of 3.26 and a beta of 1.93. Enable Midstream Partners has a 12 month low of $13.75 and a 12 month high of $17.36.

Enable Midstream Partners (NYSE:ENBL) last posted its quarterly earnings results on Wednesday, November 1st. The pipeline company reported $0.24 EPS for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.01. The business had revenue of $705.00 million during the quarter, compared to the consensus estimate of $688.61 million. Enable Midstream Partners had a return on equity of 5.69% and a net margin of 16.03%. The company’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same period last year, the firm earned $0.26 earnings per share. sell-side analysts expect that Enable Midstream Partners will post 0.9 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 21st. Investors of record on Tuesday, November 14th were paid a $0.318 dividend. The ex-dividend date was Monday, November 13th. This represents a $1.27 dividend on an annualized basis and a yield of 8.60%. Enable Midstream Partners’s dividend payout ratio (DPR) is 151.19%.

ENBL has been the subject of several recent analyst reports. Zacks Investment Research upgraded Enable Midstream Partners from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. BidaskClub upgraded Enable Midstream Partners from a “hold” rating to a “buy” rating in a research note on Wednesday, September 6th. Royal Bank Of Canada restated a “hold” rating and set a $18.00 target price on shares of Enable Midstream Partners in a research note on Sunday, September 17th. Tudor Pickering downgraded Enable Midstream Partners from a “buy” rating to a “hold” rating in a research note on Friday, October 20th. Finally, Goldman Sachs Group initiated coverage on Enable Midstream Partners in a research note on Friday, November 17th. They set a “neutral” rating for the company. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $17.71.

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About Enable Midstream Partners

Enable Midstream Partners LP owns, operates and develops midstream energy infrastructure assets strategically located to serve its customers. The Company operates in two business segments: Gathering and Processing, and Transportation and Storage. Its gathering and processing segment primarily provides natural gas and crude oil gathering and natural gas processing services to its producer customers.

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