How Analysts Feel About Enable Midstream Partners, LP (ENBL) After Forming Double Bottom Chart Pattern?

December 8, 2017 - By Ellis Scott

The chart of Enable Midstream Partners, LP (ENBL) shows a double bottom with $14.23 target or 4.00 % below today’s $14.82 share price. The 9 months chart pattern indicates high risk for the $6.41B company. It was reported on Dec, 8 by Finviz.com. If the $14.23 price target is reached, the company will be worth $256.44M less. Double bottoms are rare but powerful chart patterns.

The stock increased 0.20% or $0.03 during the last trading session, reaching $14.82. About 416,793 shares traded or 129.97% up from the average. Enable Midstream Partners, LP (NYSE:ENBL) has risen 21.66% since December 8, 2016 and is uptrending. It has outperformed by 4.96% the S&P500.

Analysts await Enable Midstream Partners, LP (NYSE:ENBL) to report earnings on February, 20. They expect $0.19 EPS, up 35.71 % or $0.05 from last year’s $0.14 per share. ENBL’s profit will be $82.19M for 19.50 P/E if the $0.19 EPS becomes a reality. After $0.24 actual EPS reported by Enable Midstream Partners, LP for the previous quarter, Wall Street now forecasts -20.83 % negative EPS growth.

Enable Midstream Partners, LP (NYSE:ENBL) Ratings Coverage

Among 13 analysts covering Enable Midstream Partners (NYSE:ENBL), 7 have Buy rating, 2 Sell and 4 Hold. Therefore 54% are positive. Enable Midstream Partners had 33 analyst reports since July 22, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Monday, October 19 by Citigroup. The firm has “Hold” rating given on Wednesday, January 18 by Stifel Nicolaus. As per Friday, November 17, the company rating was reinitiated by Goldman Sachs. The rating was downgraded by Credit Suisse on Wednesday, August 12 to “Neutral”. On Wednesday, December 6 the stock rating was initiated by R. F. Lafferty with “Buy”. The firm has “Neutral” rating by Credit Suisse given on Tuesday, September 13. The stock of Enable Midstream Partners, LP (NYSE:ENBL) earned “Hold” rating by RBC Capital Markets on Monday, June 5. The rating was upgraded by Credit Suisse to “Outperform” on Thursday, March 17. On Friday, June 17 the stock rating was downgraded by Citigroup to “Neutral”. The company was upgraded on Wednesday, January 11 by Wells Fargo.

More recent Enable Midstream Partners, LP (NYSE:ENBL) news were published by: Seekingalpha.com which released: “Enable Midstream Partners’ (ENBL) CEO Rodney Sailor on Q3 2017 Results …” on November 01, 2017. Also Nasdaq.com published the news titled: “Enable Midstream Partners, LP (ENBL) Ex-Dividend Date Scheduled for August 18 …” on August 17, 2017. Seekingalpha.com‘s news article titled: “Enable Midstream Partners’ (ENBL) Rod Sailor on Q1 2017 Results – Earnings …” with publication date: May 03, 2017 was also an interesting one.

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