As of Wednesday close, Enbridge Inc.’s (NYSE:ENB) stock traded at $34.95. The average number of shares traded per day over the past five days has been 5,588,180 shares. 4 times new highs have been achieved over the past 5 days, with a $0.63 gain in that time frame. In the last twenty days, the average volume was 6,892,910, while in the previous 50 days, it was 5,742,130.
Since last month, ENB stock rose 0.63%. Shares of the company fell to $32.90 on 09/06/23, the lowest level in the past month. A 52-week high of $42.12 was reached on 01/18/23 after having rallying from a 52-week low of $32.90. Since the beginning of this year, ENB’s stock price has dropped by -10.61% or -$4.15, and marked a new high 9 times. However, the stock has declined by -17.02% since its 52-week high.
Valuation Metrics
Right now, Enbridge Inc. (ENB) has a P/E ratio of about 25.25. The stock’s beta is 0.86. Besides these, the trailing price-to-sales (P/S) ratio of 2.13, the price-to-book (PB) ratio of 1.78, and the price-to-cash flow ratio of 15.76 may also be considered.
The latest dividend of $0.67 per share was paid out, which is 2.29% more than last year’s $0.6550. On Tuesday August 1 2023, a $0.0150 dividend increase was announced.
Financial Health
In the three months ended June 29, Enbridge Inc.’s quick ratio stood at 0.60, 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 June 29 was 1.35, and the total debt-to-equity ratio was 1.48. On the profitability front, the trailing twelve-month gross margin is 46.40% percent. In the year ended June 29, EBITDA margin amounted to 23.73%, whereas operating margins totaled 15.40%. 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 6.90%.
In Enbridge Inc.’s quarter-end financial report for June 29, it reported total debt of $55.56 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 -26.68% to $9.25 billion during the quarter, while net income inched up to $7.99 billion. While analysts expected Enbridge Inc. to report $0.51 quarterly earnings, the actual figure was $0.5 per share, beating the consensus estimate by -2.00%. During the quarter, the company generated $2.6 billion in EBITDA. The liabilities of Enbridge Inc. were 81.75 billion at the end of its most recent quarter ended June 29, and its total debt was $79.47 billion.
Technical Picture
This quick technical analysis looks at Enbridge Inc.’s (ENB) price momentum. With a historical volatility rate of 15.14%, the RSI 9-day stood at 54.61% on 20 September.
With respect to its five-day moving average, the current Enbridge Inc. price is up by +1.84% percent or $0.63. At present, ENB shares trade +1.90% above its 20-day simple moving average and -11.09% percent below its 100-day simple moving average. However, the stock is currently trading approximately -3.96% below its SMA50 and -14.67% below its SMA200.
Stochastic coefficient K was 74.58% and Stochastic coefficient D was 77.18%, while ATR was 0.61. Given the Stochastic reading of 73.74% for the 14-day period, the RSI (14) reading has been calculated as 50.65%. As of today, the MACD Oscillator reading stands at 0.41, while the 14-day reading stands at 0.45.
Analyst Ratings
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 2 analysts rate Enbridge Inc. stock as buy, with 7 recommending it as overweight.
With a median target price of $40.41, the current consensus forecast for the stock is $36.58 – $46.82. Based on these forecasts, analysts predict Enbridge Inc. (ENB) will achieve an average price target of $41.04.
