Stock To Watch: Enable Midstream Partners, LP (NYSE:ENBL)


The leading market experts have placed a mean price target of $14.90 on Enable Midstream Partners, LP (NYSE:ENBL) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.20 a share for the upcoming quarter and $0.69 for the current fiscal.

Technical View

The technical analysis of Enable Midstream Partners, LP C plainly substantiates that the 50-day moving average of Enable Midstream Partners, LP C is $13.49, and stock is trading $0.46 points away or +3.39% from its 50-day moving average of $13.49. Further it is trading $2.95 or +26.83% away its 200-day moving average of $11.00. Enable Midstream Partners, LP (NYSE:ENBL) 52-week high is $16.50 and the 52-week low is $5.38.

This explains if the stock moves $-2.55, it will post a 52-week high. In event of +159.29% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Enable Midstream Partners, LP C, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Enable Midstream Partners, LP (NYSE:ENBL) ratio came in at N/A.

The stock last ended the trading session at $13.95 and registered a market cap of $5.89B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Enable Midstream Partners, LP (NYSE:ENBL) PEG ratio is at 18.67.

1 Chart Pattern Every Investor Should Know

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