As of Friday close, Enbridge Inc.’s (NYSE:ENB) stock was down -$0.05, moving down -0.14 percent to $35.94. The average number of shares traded per day over the past five days has been 5,975,760 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.48 fall in that time frame. In the last twenty days, the average volume was 4,505,850, while in the previous 50 days, it was 3,810,762.
Since last month, ENB stock retreated -0.94%. Shares of the company fell to $35.76 on 08/02/23, the lowest level in the past month. A 52-week high of $44.58 was reached on 01/18/23 after having rallying from a 52-week low of $35.02. Since the beginning of this year, ENB’s stock price has dropped by -8.08% or -$3.16, and marked a new high 9 times. However, the stock has declined by -19.38% since its 52-week high.
Valuation Metrics
Right now, Enbridge Inc. (ENB) has a P/E ratio of about 40.29. The stock’s beta is 0.86. Besides these, the trailing price-to-sales (P/S) ratio of 1.93, the price-to-book (PB) ratio of 1.76.
The latest dividend of $0.67 per share was paid out, which is 2.29% more than last year’s $0.6550.
Financial Health
In the three months ended March 30, Enbridge Inc.’s quick ratio stood at 0.50, while its current ratio was 0.60, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 1.31, and the total debt-to-equity ratio was 1.47. On the profitability front, the trailing twelve-month gross margin is 42.50% percent. In the year ended March 30, EBITDA margin amounted to 23.73%, whereas operating margins totaled 12.90%. Based on annual data, ENB earned $15.94 billion in gross profit and brought in $41.01 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 3.50%. Return on equity (ROE) for the past 12 months was 4.30%.
In Enbridge Inc.’s quarter-end financial report for March 30, it reported total debt of $54.95 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. ENB’s revenue fell -25.03% during the quarter, while net income inched up to $9.25 billion. While analysts expected Enbridge Inc. to report $0.64 quarterly earnings, the actual figure was $0.64 per share. During the quarter, the company generated $2.81 billion in EBITDA. The liabilities of Enbridge Inc. were 82.82 billion at the end of its most recent quarter ended March 30, and its total debt was $80.68 billion.
Technical Picture
This quick technical analysis looks at Enbridge Inc.’s (ENB) price momentum. With a historical volatility rate of 10.27%, the RSI 9-day stood at 34.41% on 04 August.
With respect to its five-day moving average, the current Enbridge Inc. price is down by -1.32% percent or -$0.48. At present, ENB shares trade -1.32% below its 20-day simple moving average and -5.99% percent below its 100-day simple moving average. However, the stock is currently trading approximately -2.10% below its SMA50 and -2.97% below its SMA200.
Stochastic coefficient K was 13.05% and Stochastic coefficient D was 15.20%, while ATR was 0.53. Given the Stochastic reading of 8.21% for the 14-day period, the RSI (14) reading has been calculated as 39.30%. As of today, the MACD Oscillator reading stands at -0.55, while the 14-day reading stands at -0.75.
Analyst Ratings
Credit Suisse upgraded its rating on Enbridge Inc. (NYSE: ENB) to a Neutral in a note to investors on March 29, 2023. The analysts firm previously had an Underperform rating on the stock.Enbridge Inc. (ENB) has been rated Overweight by analysts. According to 0 brokerage firms, ENB is a sell, and 10 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Enbridge Inc. stock as buy, with 9 recommending it as overweight.
With a median target price of $41.91, the current consensus forecast for the stock is $40.41 – $48.65. Based on these forecasts, analysts predict Enbridge Inc. (ENB) will achieve an average price target of $43.73.
