Enable Midstream Partners LP [ENBL] is -42.27% lower this YTD. Is it still time to buy?

Enable Midstream Partners LP [NYSE: ENBL] loss -1.19% on the last trading session, reaching $5.79 price per share at the time. The company report on August 5, 2020 that Enable Midstream Announces Second Quarter 2020 Financial and Operating Results.

Enable Midstream Partners, LP (NYSE: ENBL) today announced financial and operating results for second quarter 2020.

Net income attributable to limited partners was $44 million for second quarter 2020, a decrease of $80 million compared to $124 million for second quarter 2019. Net income attributable to common units was $35 million for second quarter 2020, a decrease of $80 million compared to $115 million for second quarter 2019. Net cash provided by operating activities was $111 million for second quarter 2020, a decrease of $101 million compared to $212 million for second quarter 2019. Adjusted EBITDA was $224 million for second quarter 2020, a decrease of $57 million compared to $281 million for second quarter 2019. Distributable cash flow (DCF) was $148 million for second quarter 2020, a decrease of $49 million compared to $197 million for second quarter 2019.

Enable Midstream Partners LP represents 437.00 million in outstanding shares, while the company has a total market value of $2.58 billion with the latest information. ENBL stock price has been found in the range of $5.78 to $6.05.

If compared to the average trading volume of 1.62M shares, ENBL reached a trading volume of 1019670 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Enable Midstream Partners LP [ENBL]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ENBL shares is $6.33 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ENBL stock is a recommendation set at 3.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Wolfe Research have made an estimate for Enable Midstream Partners LP shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on August 06, 2020. The new note on the price target was released on May 06, 2020, representing the official price target for Enable Midstream Partners LP stock. Previously, the target price had yet another raise to $6, while Wells Fargo analysts kept a Equal Weight rating on ENBL stock.

The Average True Range (ATR) for Enable Midstream Partners LP is set at 0.36, with the Price to Sales ratio for ENBL stock in the period of the last 12 months amounting to 0.99. The Price to Book ratio for the last quarter was 0.37, with the Price to Cash per share for the same quarter was set at 0.02. Price to Free Cash Flow for ENBL in the course of the last twelve months was 42.95 with Quick ratio for the last quarter at 1.10.

Trading performance analysis for ENBL stock

Enable Midstream Partners LP [ENBL] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 17.44. With this latest performance, ENBL shares gained by 30.41% in over the last four-week period, additionally sinking by -36.72% over the last 6 months – not to mention a drop of -52.35% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ENBL stock in for the last two-week period is set at 66.40, with the RSI for the last a single of trading hit 71.35, and the three-weeks RSI is set at 62.35 for Enable Midstream Partners LP [ENBL]. The present Moving Average for the last 50 days of trading for this stock 5.09, while it was recorded at 5.76 for the last single week of trading, and 6.55 for the last 200 days.

Enable Midstream Partners LP [ENBL]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Enable Midstream Partners LP [ENBL] shares currently have an operating margin of +21.71 and a Gross Margin at +27.48. Enable Midstream Partners LP’s Net Margin is presently recorded at +13.45.

Return on Total Capital for ENBL is now 5.39, given the latest momentum, and Return on Invested Capital for the company is 3.59. Return on Equity for this stock inclined to 5.30, with Return on Assets sitting at 3.20. When it comes to the capital structure of this company, Enable Midstream Partners LP [ENBL] has a Total Debt to Total Equity ratio set at 59.89. Additionally, ENBL Total Debt to Total Capital is recorded at 37.46, with Total Debt to Total Assets ending up at 35.94. Long-Term Debt to Equity for the company is recorded at 57.06, with the Long-Term Debt to Total Capital now at 33.94.

Reflecting on the efficiency of the workforce at the company, Enable Midstream Partners LP [ENBL] managed to generate an average of $228,242 per employee. Receivables Turnover for the company is 9.17 with a Total Asset Turnover recorded at a value of 0.24.Enable Midstream Partners LP’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.10 and a Current Ratio set at 1.30.

Enable Midstream Partners LP [ENBL]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Enable Midstream Partners LP posted 0.28/share EPS, while the average EPS was predicted by analysts to be reported at 0.27/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 3.70%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ENBL.

An analysis of insider ownership at Enable Midstream Partners LP [ENBL]

There are presently around $298 million, or 12.20% of ENBL stock, in the hands of institutional investors. The top three institutional holders of ENBL stocks are: ALPS ADVISORS INC with ownership of 10,847,428, which is approximately -4.53% of the company’s market cap and around 0.30% of the total institutional ownership; CLEARBRIDGE INVESTMENTS, LLC, holding 6,469,503 shares of the stock with an approximate value of $37.46 million in ENBL stocks shares; and TORTOISE CAPITAL ADVISORS, L.L.C., currently with $31.26 million in ENBL stock with ownership of nearly -44.386% of the company’s market capitalization.

Positions in Enable Midstream Partners LP stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 42 institutional holders increased their position in Enable Midstream Partners LP [NYSE:ENBL] by around 7,630,461 shares. Additionally, 60 investors decreased positions by around 32,162,975 shares, while 15 investors held positions by with 11,692,073 shares. The mentioned changes placed institutional holdings at 51,485,509 shares, according to the latest SEC report filing. ENBL stock had 17 new institutional investments in for a total of 2,830,175 shares, while 21 institutional investors sold positions of 4,583,385 shares during the same period.

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