Enable Midstream Partners (NYSE:ENBL) announced its quarterly earnings results on Tuesday. The pipeline company reported $0.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.02, Bloomberg Earnings reports. The business had revenue of $806.00 million during the quarter, compared to the consensus estimate of $678.22 million. Enable Midstream Partners had a net margin of 14.82% and a return on equity of 5.24%. The business’s revenue was up 31.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.14 EPS.
Enable Midstream Partners (NYSE:ENBL) opened at $14.37 on Tuesday. The company has a current ratio of 0.54, a quick ratio of 0.49 and a debt-to-equity ratio of 0.36. The firm has a market cap of $6,215.93, a P/E ratio of 17.11, a P/E/G ratio of 1.83 and a beta of 1.89. Enable Midstream Partners has a 1 year low of $13.75 and a 1 year high of $17.25.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 27th. Investors of record on Tuesday, February 20th will be given a dividend of $0.318 per share. The ex-dividend date of this dividend is Friday, February 16th. This represents a $1.27 dividend on an annualized basis and a dividend yield of 8.85%. Enable Midstream Partners’s payout ratio is currently 151.19%.
A number of equities analysts recently weighed in on the stock. Zacks Investment Research raised shares of Enable Midstream Partners from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a research report on Tuesday, February 13th. Bank of America assumed coverage on shares of Enable Midstream Partners in a research report on Tuesday, January 9th. They set a “buy” rating for the company. R. F. Lafferty assumed coverage on shares of Enable Midstream Partners in a research report on Wednesday, December 6th. They set a “buy” rating and a $19.00 price objective for the company. JPMorgan Chase & Co. cut shares of Enable Midstream Partners from an “overweight” rating to a “neutral” rating in a research report on Tuesday, November 21st. Finally, Goldman Sachs Group assumed coverage on shares of Enable Midstream Partners in a research report on Friday, November 17th. They set a “neutral” rating for the company. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. Enable Midstream Partners presently has an average rating of “Hold” and an average target price of $18.05.
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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