Enable Midstream Partners LP (ENBL) Reaches $14.42 After 7.00% Down Move, Price Michael F Has Cut By $5.19 Million Its Fossil Group (FOSL) Position

June 19, 2017 - By Adrian Mccoy

The stock of Enable Midstream Partners LP (NYSE:ENBL) is a huge mover today! About 66,609 shares traded. Enable Midstream Partners LP (NYSE:ENBL) has risen 21.66% since June 19, 2016 and is uptrending. It has outperformed by 4.96% the S&P500.The move comes after 6 months negative chart setup for the $6.44 billion company. It was reported on Jun, 19 by Barchart.com. We have $13.41 PT which if reached, will make NYSE:ENBL worth $450.80M less.

Price Michael F decreased Fossil Group Inc. (FOSL) stake by 74.13% reported in 2016Q4 SEC filing. Price Michael F sold 207,500 shares as Fossil Group Inc. (FOSL)’s stock declined 40.42%. The Price Michael F holds 72,400 shares with $1.87M value, down from 279,900 last quarter. Fossil Group Inc. now has $448.03 million valuation. The stock rose 1.58% or $0.15 reaching $9.35. About 1.57 million shares traded. Fossil Group Inc (NASDAQ:FOSL) has declined 54.09% since June 19, 2016 and is downtrending. It has underperformed by 70.79% the S&P500.

Among 11 analysts covering Enable Midstream Partners (NYSE:ENBL), 5 have Buy rating, 2 Sell and 4 Hold. Therefore 45% are positive. Enable Midstream Partners had 24 analyst reports since July 22, 2015 according to SRatingsIntel. On Monday, May 9 the stock rating was maintained by Barclays Capital with “Equal-Weight”. On Monday, May 23 the stock rating was upgraded by JP Morgan to “Overweight”. The rating was maintained by RBC Capital Markets on Thursday, November 5 with “Sector Perform”. The company was upgraded on Wednesday, January 11 by Wells Fargo. The firm has “Equal-Weight” rating given on Monday, November 9 by Barclays Capital. The stock has “Underweight” rating by Barclays Capital on Monday, June 20. The firm has “Hold” rating given on Wednesday, January 18 by Stifel Nicolaus. Morgan Stanley initiated Enable Midstream Partners LP (NYSE:ENBL) rating on Thursday, February 25. Morgan Stanley has “Underweight” rating and $6 target. The firm has “Equal-Weight” rating given on Thursday, March 31 by Barclays Capital. The rating was upgraded by Citigroup to “Buy” on Monday, October 19.

Enable Midstream Partners LP owns, operates and develops midstream energy infrastructure assets strategically located to serve its customers. The company has market cap of $6.44 billion. The Firm operates in two business divisions: Gathering and Processing, and Transportation and Storage. It has a 19.58 P/E ratio. The Company’s gathering and processing segment primarily provides natural gas and crude oil gathering and natural gas processing services to its producer customers.

Analysts await Enable Midstream Partners LP (NYSE:ENBL) to report earnings on August, 2. They expect $0.16 earnings per share, up 100.00% or $0.08 from last year’s $0.08 per share. ENBL’s profit will be $71.46M for 22.53 P/E if the $0.16 EPS becomes a reality. After $0.26 actual earnings per share reported by Enable Midstream Partners LP for the previous quarter, Wall Street now forecasts -38.46% negative EPS growth.

Among 17 analysts covering Fossil (NASDAQ:FOSL), 3 have Buy rating, 6 Sell and 8 Hold. Therefore 18% are positive. Fossil had 41 analyst reports since August 7, 2015 according to SRatingsIntel. The rating was maintained by Telsey Advisory Group on Friday, November 13 with “Market Perform”. The company was maintained on Wednesday, August 12 by Macquarie Research. Bank of America maintained the shares of FOSL in report on Friday, November 13 with “Underperform” rating. The company was maintained on Wednesday, February 15 by Telsey Advisory Group. The firm earned “Neutral” rating on Wednesday, May 11 by Mizuho. On Friday, August 14 the stock rating was maintained by Nomura with “Hold”. The firm earned “Market Perform” rating on Thursday, October 22 by Wells Fargo. The stock has “Buy” rating by Topeka Capital Markets on Monday, November 16. The rating was downgraded by Wells Fargo to “Underperform” on Wednesday, February 15. Mizuho maintained it with “Underperform” rating and $17 target in Thursday, February 16 report.

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