The stock of Enbridge Inc. (NYSE:ENB) increased by $0.15 on Monday to $34.55, up 0.44 percent. The last five days have seen an average of 2,670,950 shares of common stock traded. 9 times new highs were reached in the current year, with a fall of -$4.51. The average number of shares traded over the last 20 days was 4,895,402, while the average volume over the last 50 days totaled 4,135,547.
ENB stock dropped -5.13% since last month. On 08/23/23, the company’s shares reached a one-month low of $33.96. The stock touched a high of $44.55 on 01/18/23, after rallying from a low of $33.96 in 52 weeks. The price of ENB stock has declined by -11.64% or -$4.51 this year, reaching a new high 9 times. Still, the stock price is down -22.45% from the 52-week high.
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Valuation Metrics
Enbridge Inc. (ENB) has a trailing price-to-earnings (P/E) ratio of 25.09. Beta for the stock is 0.87. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.99, the price-to-book (PB) ratio of 1.76, and the price-to-cash flow ratio of 14.79.
Company paid $0.67 per share in dividends, an increase of 2.29% from $0.6550 last year. A $0.0150 dividend increase was reported on Tuesday August 1 2023.
Financial Health
For the three months ended June 29, Enbridge Inc.’s quick ratio was 0.60, while its current ratio was 0.60, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.35, and the total debt to equity ratio is 1.48. As far as profitability goes, gross margin for the trailing twelve months is 46.40% percent. Enbridge Inc.’s EBITDA margin for the year ended June 29 was 23.73%, whereas its operating margin stood at 15.40% for the same period. Based on annual data, it had gross profit of $15.94 billion and revenue of $41.01 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. ENB’s return on assets (ROA) during the last 12 months has been 2.10%. There was a 3.50% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 6.90%.
Earnings Surprise
According to Enbridge Inc.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $7.99 billion, while revenues fell by -26.68% to $9.25 billion. It was predicted that Enbridge Inc.’s quarterly earnings would be $0.5, but it ended up being $0.5. EBITDA was $2.6 billion for the quarter. At the end of Enbridge Inc.’s most recent quarter ended June 29, its liabilities totaled 81.75 billion, while its total debt was $79.47 billion.
Technical Picture
Here’s a quick look at Enbridge Inc.’s (ENB) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 37.95%, suggesting the stock is Neutral, with a 10.27% historical volatility rate.
The stochastic %K and %D were 14.63% and 11.96% respectively, while the average true range (ATR) was 0.52. Based on the 14-day stochastic reading of 21.43%, the RSI (14) reading is 37.53%. On the 9-day MACD Oscillator, the stock is at -0.16, and the 14-day reading is at -0.68.
Analyst Ratings
In its most recent analyst report, Credit Suisse raised its rating on Enbridge Inc. (NYSE: ENB) to a Neutral. Prior to this, analysts firm rated the stock as an Underperform. Analysts have assigned Enbridge Inc. (ENB) an Overweight rating. ENB is a stock that is recommended for selling by 0 brokerage firms, while 10 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 2 rates it overweight and 9 others recommend it as a buy.
What is ENB’s price target for the next 12 months?
The current consensus forecast for the stock is between $38.61 and $47.09, with a median target price of $41.81. In analyzing these forecasts, the average price target given by analysts for Enbridge Inc. (ENB) is $42.29.
