Weekly Performance Analysis for Enbridge Inc. (ENB)

Enbridge Inc. (NYSE:ENB) saw a downside of -0.07% to close Monday at $41.34 after subtracting -$0.03 on the day. The 5-day average trading volume is 4,896,000 shares of the company’s common stock. It has gained $41.79 in the past week. An average of 3,631,755 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,628,372.

ENB’s 1-month performance is 3.87% or $1.54 on its low of $38.56 reached on 09/20/21. The company’s shares have touched a 52-week low of $26.97 and high of $41.49, with the stock’s rally to the 52-week high happening on 10/11/21. YTD, ENB has achieved 29.23% or $9.35. However, the current price is down -0.36%% from the 52-week high price.

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Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 49.21 and a low of 12.00. ENB stock has a beta of 0.85. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.45 while the price-to-book (PB) in the most recent quarter is 1.93.

Enbridge Inc. pays an annual dividend of $2.67 per share. Its dividend yield is 6.46% and the payout ratio is 137.70%. ENB’s most recent quarterly dividend payment was made on Sep. 1, when it paid $0.6645 a share compared with prior rate of $0.6778, down -2.0% from last year’s. The company latest dividend decrease of $0.0133 reported on Thursday July 29 2021. Measured over the last 3 years, the Dividend has been growing by 30.37% yearly.

It is projected that Enbridge Inc.’s next ex-dividend date will be on 15-Nov. ENB is expected to distribute $0.835 as its next dividend.

Enbridge Inc.’s quick ratio for the period ended June 29 was 0.50, with the current ratio over the same period at 0.60 meaning that ENB stock is not able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 1.16, while the total debt to equity was 1.26. In terms of profitability, the gross margin trailing 12 months is 43.70%. The trailing 12-month EBITDA margin is 28.93% while for the period ending June 29; Enbridge Inc.’s operating margin was 19.20%. The firm’s gross profit as reported stood at $13.75 billion against revenue of $29.18 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Analysts expected ENB to announce $0.45 per share in earnings in its latest quarter, but it posted $0.53, representing a 17.80% surprise. EBITDA for the quarter stood at more than $2.26 billion. ENB stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 78.03 billion, with total debt at $68.54 billion

Technical Picture

Let’s look briefly at Enbridge Inc. (ENB) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 71.06% to suggest the stock is trending Overbought, with historical volatility in this time period at 8.81%.

The stock’s 5-day moving average is $40.85, reflecting a +2.28% or $0.92 change from its current price. ENB is currently trading +2.99% above its 20-day SMA, +8.90% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +5.06% and +28.79% respectively.

Stochastic %K and %D was 89.96% and 89.44% and the average true range (ATR) pointed at 0.64. The RSI (14) points at 65.25%, while the 14-day stochastic is at 81.48% with the period’s ATR at 0.62. The stock’s 9-day MACD Oscillator is pointing at 0.69 and 0.88 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Enbridge Inc. (NYSE: ENB), Barclays downgraded it to an Equal weight rating. They previously had an Overweight rating on the stock. Analysts offering their rating for ENB stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate ENB as a “sell,”, while 6 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 15 have offered a “buy” rating.

What is ENB’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $40.05 and a high of $47.76, with their median price target at $43.46. Looking at these predictions, the average price target given by analysts is for Enbridge Inc. (ENB) stock is $43.78.


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