For Enable Midstream Partners, LP (ENBL), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 3. Splitting up the data highlights that, out of 10 analysts covering the stock, 1 rated the stock as a Sell while none recommended an Overweight rating for the stock. 8 suggested the stock as a Hold whereas 1 see the stock as a Buy. None analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.09 in the current quarter.
Enable Midstream Partners, LP (NYSE:ENBL) trade information
Wall Street analysts have assigned a consensus price target of $6 to the stock, which implies a rise of 27.93% to its current value. Analysts have been projecting $3 as a low price target for the stock while placing it at a high target of $9. It follows that stock’s current price would jump +91.9% in reaching the projected high whereas dropping to the targeted low would mean a loss of -36.03% for stock’s current value.
Enable Midstream Partners, LP (ENBL) estimates and forecasts
Statistics highlight that Enable Midstream Partners, LP is scoring comparatively lower than the scores of other players of the relevant industry. The company lessened -51.69% of value to its shares in past 6 months, showing an annual growth rate of -20.79% while that of industry is -17.1. Apart from that, the company came lowering its revenue forecast for fiscal year 2020. The company is estimating its revenue growth to decline by -65.4% in the current quarter and calculating -53.6% decline in the next quarter. This year revenue growth is estimated to drop -8.5% from the last financial year’s standing.
3 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $744.96 Million for the same. And 3 analysts are in estimates of company making revenue of $732.6 Million in the next quarter that will end in September 01, 2020.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -8.5% during past 5 years. In 2020, company’s earnings growth rate is likely to be around -25.9% while estimates for its earnings growth in next 5 years are of 0%
Enable Midstream Partners, LP (NYSE:ENBL)’s Major holders
Insiders are in possession of 79.59% of company’s total shares while institution are holding 17.04% percent of that, with stock having share float percentage of 83.48%. Investors also watch the number of corporate investors in a company very closely, which is 123 institutions for Enable Midstream Partners, LP that are currently holding shares of the company. Alps Advisors Inc. is the top institutional holder at ENBL for having 11.36 Million shares of worth $29.2 Million. And as of March 30, 2020, it was holding 2.61% of the company’s outstanding shares.
The second largest institutional holder is ClearBridge Investments, LLC, which was holding about 6.47 Million shares on March 30, 2020. The number of shares represents firm’s hold over 1.49% of outstanding shares, having a total worth of $16.63 Million.
On the other hand, Alps ETF Tr-Alerian MLP ETF and ClearBridge MLP & Midstream Fd are the top two Mutual Funds which own company’s shares. As of February 28, 2020, the former fund manager was holding 10304369 shares of worth $63.89 Million or 2.37% of the total outstanding shares. The later fund manager was in possession of 3.54 Million shares on January 30, 2020, making its stake of worth around $33.29 Million in the company or a holder of 0.81% of company’s stock.