4.2300 0.00 (0.00%)
After hours: 5:32PM EDT
|Bid||4.2200 x 800|
|Ask||4.2300 x 800|
|Day's Range||3.9500 - 4.2600|
|52 Week Range||1.6100 - 14.4800|
|Beta (5Y Monthly)||2.64|
|PE Ratio (TTM)||5.61|
|Earnings Date||Aug 04, 2020 - Aug 10, 2020|
|Forward Dividend & Yield||0.66 (16.99%)|
|Ex-Dividend Date||May 18, 2020|
|1y Target Est||6.33|
Morgan Stanley (NYSE:MS) analyst Stephen Byrd maintained a Hold rating on Centerpoint Energy (NYSE:CNP) Inc on Friday, setting a price target of $19, which is approximately 12.43% above the present share price of $16.9.
Enable Midstream Partners, LP (NYSE: ENBL) announced today that members of its senior management are scheduled to meet with investors at the following upcoming virtual investor conferences:
Moody's Investors Service, ("Moody's") today downgraded the senior unsecured rating of Southeast Supply Header, LLC (SESH) to Baa3 from Baa2. As the events related to the coronavirus unfold, we are taking into consideration a wider range of potential outcomes, including more severe downside scenarios.
Let's see if Enable Midstream Partners, LP (ENBL) stock is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks.
Image source: The Motley Fool. Enable Midstream Partners LP (NYSE: ENBL)Q1 2020 Earnings CallMay 6, 2020, 10:00 a.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorGood day and welcome to the Enable Midstream Partners First Quarter 2020 Conference Call and Webcast.
Shares of Enable Midstream Partners (NYSE:ENBL) were unchanged in pre-market trading after the company reported Q1 results.Quarterly Results Earnings per share were down 26.92% over the past year to $0.19, which missed the estimate of $0.27.Revenue of $648,000,000 lower by 18.49% year over year, which missed the estimate of $840,920,000.Looking Ahead Enable Midstream Partners hasn't issued any earnings guidance for the time being.Enable Midstream Partners hasn't issued any revenue guidance for the time being.Conference Call Details Date: May 06, 2020View more earnings on ENBLTime: 02:05 PM ETWebcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Finvestors.enablemidstream.com%2Fevents-and-presentations%2Fdefault.aspx&eventid=2203402&sessionid=1&key=95458D68043A3B4FF79A67B292DEDE05®Tag=&sourcepage=registerTechnicals Company's 52-week high was at $14.48Company's 52-week low was at $1.61Price action over last quarter: down 44.94%Company Profile Enable Midstream Partners LP is a US-based company which owns, operates and develops strategically located natural gas and crude oil infrastructure assets. The company's emerging production areas in the United States include several shale resource plays and local and regional end-user markets in the United States. The company's assets and operations are organized into two business segments, Gathering and Processing, which provides natural gas gathering, processing and fractionation services and crude oil gathering for its producer customers, and Transportation and Storage, which provides interstate and intrastate natural gas pipeline transportation and storage service to natural gas producers, utilities and industrial customers.See more from Benzinga * Recap: Cedar Fair Q1 Earnings * Recap: Gibraltar Industries Q1 Earnings * Recap: Tennant Q1 Earnings(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Enable Midstream Partners, LP (NYSE: ENBL) today announced financial and operating results for first quarter 2020.
Enable Midstream Partners, LP (NYSE: ENBL) will release first quarter 2020 financial results before market hours Wednesday, May 6, and will host a conference call at 10 a.m. EDT (9 a.m. CDT) that day to discuss the results.
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Moody's Investors Service, ("Moody's") today affirmed the ratings of CenterPoint Energy, Inc. (CenterPoint), including its Baa2 senior unsecured rating and Prime-2 short-term rating for commercial paper, and changed the rating outlook to negative from stable. "CenterPoint's loss of $155 million of cash flow from its Enable Midstream investment results in less cash flow serving the same debt load" said Robert Petrosino, Vice President -- Senior Analyst.
Texas-based utility CenterPoint Energy is slashing its dividend to adjust to a drop in cash flow, the latest company to cut or suspend its payout to weather the coronavirus crisis.
CenterPoint Energy is looking to fill another C-suite role while also planning to cut costs in response to lower distributions from its master limited partnership.
Enable Midstream Partners (ENBL) has announced significant measures to strengthen its financial position as it seeks to deal with challenging industry conditions. This includes halving dividends by 50% from $0.3305 to $0.16525/share – a move which the company says will save $290 million of cash on an annualized basis.“Due to the sharp decline in commodity prices and producer activity across our footprint and the future business uncertainty created by the coronavirus pandemic, we are taking decisive action to fortify our financial position, protect our balance sheet and ensure liquidity to navigate these unprecedented market conditions,” explained Rod Sailor, president and CEO.Enable is: 1) reducing 2020 total expansion capital expenditures by $115 million, or 48%, from the top end of the previously provided outlook; 2) targeting a reduction in maintenance capital of $20 million, or 17%, from the midpoint of the previously provided outlook for 2020 and 2021; and 3) targeting cost savings of $35 in 2020, growing to run-rate savings of about $70 million in 2021.Taken together, the actions are expected to result in an annualized increase in retained cash flow of approximately $450 million and should allow Enable to fully fund its business and reduce total debt in 2020.RBC Capital analyst TJ Schultz believes this was the right call to make: “ENBL’s actions are appropriate and expected in this market (ENBL was yielding ~54%) in our view. The 50% distribution cut makes sense as it provides ENBL with flexibility to fund capex and reduce debt this year” he writes, noting that the new payout still implies a 27% yield at current price.He has a hold rating on the stock and $5 price target. Overall, Enable has a Moderate Buy analyst consensus on TipRanks. (See ENBL’s stock analysis on TipRanks). Given that the stock is currently trading at $2.40 the average analyst price target indicates upside potential of almost 200%.Encouragingly, the company reminded investors that Enable has ample liquidity available under its $1.75 billion revolving credit facility and has no near-term senior notes maturities.Related News: Sprint, T-Mobile Finally Complete Merger Qualcomm (QCOM) Stock Is a Buy at These Levels, Says 5-Star Analyst FTC Sues to Unwind Altria Group’s $12.8 Billion Investment in JUUL More recent articles from Smarter Analyst: * Co-Diagnostics Inks Covid-19 Test Agreement, YTD Gain Over 1000% * Chesapeake Shareholders Approve Controversial Reverse Stock Split * Exxon Raises $9.5 Billion In Yet Another Massive Bond Deal * Tesla Takes New Cost-Cutting Initiative, Seeks Rent Reduction
OGE Energy Corp. (NYSE: OGE) announced today its support of the recent decision by Enable Midstream Partners, LP (NYSE: ENBL) to increase its annualized retained cash flow by approximately $450 million. OGE also reconfirmed the strength of its own balance sheet, credit metrics and liquidity position.
Enable Midstream Partners, LP (NYSE: ENBL) announced today that the partnership is taking significant measures to strengthen its financial position in response to current industry conditions. Taken together, the actions announced today are expected to result in an annualized increase in retained cash flow of approximately $450 million and position Enable to fully fund its business and reduce total debt in 2020.
Enable Midstream Partners, LP (NYSE: ENBL) announced today that Enable Mississippi River Transmission, LLC (MRT) received approval from the Federal Energy Regulatory Commission (FERC) of its uncontested rate case settlements with customers. The settlements establish rates for services on the MRT system that provide a return on MRT’s historical investments, recovery of the pipeline’s ongoing operating costs and rate certainty for customers.
Trump plans to offer fiscal stimulus to counter coronavirus-related economic fallout. As the Wall Street rallied on the hopes, these ETFs and stocks gained massively.
Moody's Investors Service ("Moody's") today downgraded the issuer rating and senior unsecured rating for CenterPoint Energy Houston Electric, LLC (CEHE) to Baa1 from A3 and the senior secured rating to A2 from A1. The rating outlook is stable.
OKLAHOMA CITY , Nov. 7, 2019 /PRNewswire/ -- OGE Energy Corp. (NYSE: OGE), the parent company of Oklahoma Gas and Electric Company ("OG&E") and holder of 25.5 percent limited partner interest ...