Today has been an absolutely amazing day for shareholders of Midstream Miracle: Enable Midstream Partners (NYSE:ENBL), Azure Midstream (NYSE:AZUR) & American Midstream (NYSE:AMID). These midstream oil companies which specialize in the transportation of oil, have seen their shares jump between 20 and 42% today as they are making up for recent declines. With the price of oil finally becoming a bit stead today, with small gains, these stocks responded tremendously.
Enable Midstream Partners LP (NYSE:ENBL) stock is up 24.08% or $1.71, hitting $8.81 per share. About 767,052 shares traded hands or up 132.55% from the average. ENBL has declined 58.19% since May 19, 2015 and is currently downtrending. It has underperformed the S&P500 by 55.92%.
From a total of 7 analysts covering Enable Midstream Partners (NYSE:ENBL) stock, 2 rate it a “Buy”, 1 a “Sell”, and 4 a “Hold”. This means that 29% of the ratings are positive. The highest target price is $23 while the lowest target price is $13. The mean of all analyst targets is $17.17 which is 94.89% above today’s ($8.81) stock price. Enable Midstream Partners was the topic of 10 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. Barclays Capital maintained shares on November 9 with a “Equal-Weight” rating. Citigroup upgraded ENBL stock in a recent report from October 19 to a “Buy” rating.
Enable Midstream Partners LP, is a large-scale, growth-oriented limited partnership formed to own, operate and develop strategically located natural gas and crude oil infrastructure assets. The company has a market cap of $2.98 billion. It serves current and emerging production areas in the United States, including several unconventional shale resource plays and local and regional end-user markets in the United States. It currently has negative earnings. The Firm operates in two business divisions: Gathering and Processing and Transportation and Storage.
American Midstream Partners LP (NYSE:AMID) stock is up 33.33% or $1.67, hitting $6.68 per share. About 1.52M shares traded hands or up 238.43% from the average. AMID has declined 71.81% since May 19, 2015 and is currently downtrending. It has underperformed the S&P500 by 69.54%.
From a total of 3 analysts covering American Midstream Partners LP (NYSE:AMID) stock, 1 rate it a “Buy”, 0 a “Sell”, and 2 a “Hold”. This means that 33% of the ratings are positive. The highest target price is $13 while the lowest target price is $9. The mean of all analyst targets is $11.67 which is 74.70% above today’s ($6.68) stock price. American Midstream Partners LP was the topic of 4 analyst reports since August 12, 2015 according to the firm StockzIntelligence Inc. Citigroup initiated shares on November 19 with a “Neutral” rating. UBS upgraded AMID stock in a recent report from August 12 to a “Neutral” rating.
The institutional sentiment increased to 1.2 in Q2 2015. It’s up 0.51, from 0.69 in 2015Q2. The ratio increased, as 5 funds sold all their American Midstream Partners LP shares they owned while 10 reduced their positions. 6 funds bought stakes while 12 increased their total positions. Institutions now own 13.34 million shares which is 42.48% more than the previous share count of 9.36 million in 2015Q2.
Price Michael F holds 0.58% of its total portfolio in American Midstream Partners LP, equating to 350,000 shares. Salient Capital Advisors Llc owns 1.28 million shares representing 0.35% of their total US portfolio. Moreover, Spirit Of America Management Corp Ny has 0.17% of their total portfolio invested in the company, equating to 72,279 shares. The Switzerland-based Starr International Co Inc has a total of 0.11% of their portfolio invested in the stock. Hilton Capital Management Llc, a New York-based fund reported 20,550 shares owned.
Since September 15, 2015, the stock had 3 insider purchases, and 0 sales for a total of $863,088 in net activity. Mathews William B. bought 22,104 shares worth $249,996. Sullivan Kevin J. bought 10,000 shares worth $113,100. Bergstrom Stephen W bought 44,208 shares worth $499,992.
Azure Midstream Partners, LP Common Units Limited Partnership (NYSE:AZUR) stock is up 41.92% or $0.83, hitting $2.81 per share. About 986,690 shares traded hands or up 316.33% from the average. AZUR has declined 88.07% since May 19, 2015 and is currently downtrending. It has underperformed the S&P500 by 85.81%.
Azure Midstream Partners, LP acquires, owns, develops, and operates midstream energy assets in the United States. It operates through two segments, Gathering and Processing, and Logistics.
The stock is up 25.35% or $1.8 following the news, hitting $8.9 per share. About 769,493 shares traded hands or up 133.29% from the average.