Enable Midstream Partners (NYSE:ENBL) released its earnings results on Sunday. The pipeline company reported $0.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.16, Briefing.com reports. The company had revenue of $970.00 million during the quarter, compared to the consensus estimate of $741.79 million. Enable Midstream Partners had a return on equity of 4.98% and a net margin of 0.40%. Enable Midstream Partners’s quarterly revenue was up 49.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.19 EPS.
Shares of ENBL traded up $0.16 during mid-day trading on Tuesday, hitting $7.57. 728,688 shares of the company’s stock traded hands, compared to its average volume of 1,361,706. The company has a quick ratio of 0.51, a current ratio of 0.58 and a debt-to-equity ratio of 0.59. Enable Midstream Partners has a 1 year low of $3.63 and a 1 year high of $7.63. The firm has a market capitalization of $3.30 billion, a P/E ratio of -67.36 and a beta of 2.66. The business’s 50-day moving average price is $6.88 and its 200-day moving average price is $5.91.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 25th. Stockholders of record on Thursday, May 13th will be paid a dividend of $0.165 per share. The ex-dividend date of this dividend is Wednesday, May 12th. This represents a $0.66 annualized dividend and a dividend yield of 8.72%. Enable Midstream Partners’s dividend payout ratio (DPR) is presently 65.35%.
Enable Midstream Partners Company Profile
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 and processing services in the Anadarko, Arkoma, and Ark-La-Tex basins, as well as crude oil gathering services in the Anadarko and Williston basins for its producer customers.
Further Reading: Diversification in Investing
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