Enable Midstream Partners, LP (NYSE:ENBL) is set to announce third quarter earning results on Wednesday 4th November 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, ENBL to report 3Q20 income of $ 0.15 per share from revenue of $ 716.54 million.
For the full year, analysts anticipate top line of $ 2559.50 million, while looking forward to income of $ 0.61 per share bottom line.
Previous Quarter Performance
Enable Midstream Partners, LP announced income for the second quarter of $ 0.08 per share, from the revenue of $ 515.00 million. The quarterly earnings declined 69.23 percent compared with the same quarter last year. According to street consensus, ENBL was expected to report 2Q20 income of $ 0.13 per share from revenue of $ 746.96 million. The bottom line results missed street analysts by $ 0.05 or 38.46 percent, at the same time, top line results fell short of analysts by $ 231.96 million or 31.05 percent.
Stock Performance
Shares of Enable Midstream Partners, LP traded low $ -0.02 or -0.47 percent on Tuesday, reaching $ 4.23 with volume of 917.60 thousand shares. Enable Midstream Partners, LP has traded high as $ 4.41 and has cracked $ 4.18 on the downward trend
According to the previous trading day, closing price of $ 4.23, representing a 163.98 % increase from the 52 week low of $ 1.61 and a 60.68 % decrease over the 52 week high of $ 10.81.
The company has a market capital of $ 1.84 billion and is part of the Energy sector and Oil & Gas Midstream industry.
Recent Analyst recommendations
- On 25th September 2020, initiated by Morgan Stanley at Underweight rating, with $ 3.00 target price.
Recent Stock Dividend Announcement
On August 4, 2020, the board of directors authorized quarterly dividend of $ 0.1653 per share to holders of record as of the close of business on August 18, 2020, with payment date of August 25, 2020 and ex-dividend date on August 17, 2020.
Conference Call
Enable Midstream Partners, LP will be hosting a conference call at 10:00 AM eastern time on 4th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.enablemidstream.com
Enable Midstream Partners, LP owns, operates, and develops midstream energy infrastructure assets in the United States. The company operates in two segments, Gathering and Processing; and Transportation and Storage. The Gathering and Processing segment provides natural gas gathering, processing, and fractionation services in the Anadarko, Arkoma, and Ark-La-Tex basins, as well as crude oil gathering services in the Bakken Shale formation of the Williston Basin for its producer customers.
