Enbridge Inc (NYSE:ENB) shares traded 2.37% higher at $33.68 on Wall Street last session.
In accordance with the data, 20 analysts cover Enbridge Inc (NYSE:ENB). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $43.18 and a low of $31.45, we find $39.50. Given the previous closing price of $32.90, this indicates a potential upside of 20.06 percent. ENB stock price is now 1.67% away from the 50-day moving average and -7.47% away from the 200-day moving average. The market capitalization of the company currently stands at $71.59B.
It has been rated a hold by 7 analysts and a buy by 7. Brokers who have rated the stock have averaged $38.27 as their price target over the next twelve months.
A total of 0.16% of the company’s stock is owned by insiders.
Enbridge Inc (NYSE: ENB) opened at $33.22 on Friday. During the past 12 months, Enbridge Inc has had a low of $31.03 and a high of $42.12. As of last week, the company has a debt-to-equity ratio of 1.19, a current ratio of 0.67, and a quick ratio of 0.57. According to the stock market information, the enterprise value for the company is $130.84B, which is based on a 30.18 price-to-earnings ratio, a 60.35 price-to-earnings-growth ratio, and a beta of 0.86. The fifty day moving average price for ENB is $33.13 and a two-hundred day moving average price translates $36.36 for the stock.
The latest earnings results from Enbridge Inc (NYSE: ENB) was released for Sep, 2023. According to the Oil & Gas Midstream Company, earnings per share came in at $0.45, beating analysts’ expectations of $0.44 by 0.01. This compares to $0.52 EPS in the same period last year. The net profit margin was 6.82% and return on equity was 5.29% for ENB. The company reported revenue of $7.34 billion for the quarter, compared to $8.87 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -17.26 percent. For the current quarter, analysts expect ENB to generate $9.7B in revenue.
Enbridge Inc(ENB) Company Profile
Enbridge Inc., together with its subsidiaries, operates as an energy infrastructure company. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. The Liquids Pipelines segment operates pipelines and related terminals to transport various grades of crude oil and other liquid hydrocarbons in Canada and the United States. The Gas Transmission and Midstream segment invests in natural gas pipelines and gathering and processing facilities in Canada and the United States. The Gas Distribution and Storage segment is involved in the natural gas utility operations serving residential, commercial, and industrial customers in Ontario, as well as natural gas distribution activities in Quebec. The Renewable Power Generation segment operates power generating assets, such as wind, solar, geothermal, waste heat recovery, and transmission assets in North America. The Energy Services segment provides physical commodity marketing and logistical services to refiners, producers, and other customers in Canada and the United States. The company was formerly known as IPL Energy Inc. and changed its name to Enbridge Inc. in October 1998. Enbridge Inc. was founded in 1949 and is headquartered in Calgary, Canada.