Enbridge Inc (NYSE:ENB) finished Thursday with a subtraction of -$0.09 to close at $33.54, a downside of -0.27 percent. An average of 5,765,380 shares of common stock have been traded in the last five days. There was a fall of -$0.76 in the past week, and it reached a new high 8 times over the past 12 months. The last 20 days have seen an average of 7,586,210 shares traded, while the 50-day average volume stands at 6,090,030.
ENB stock has decreased by -4.34% in the last month. The company shares reached their 1-month lowest point of $32.90 on 09/06/23. With the stock rallying to its 52-week high on 01/18/23, shares of the company touched a low of $32.90 and a high of $42.12 in 52 weeks. It has reached a new high 9 times so far this year and lost -14.22% or -$5.56 in price. In spite of this, the price is down -20.37% from the 52-week high.
Valuation Metrics
Enbridge Inc (ENB) has a trailing price-to-earnings (P/E) ratio of 23.87. The stock’s beta is 0.86. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.02, the price-to-book (PB) ratio at 1.67, and the price-to-cash flow ratio at 10.26.
The company has a payout ratio of 269.05%. The company’s most recent quarterly dividend payment was $0.67 a share, representing a up of 2.29% from $0.6550 last year. Its latest increase dividend $0.0150 reported on Tuesday August 1 2023.
Financial Health
The quick ratio of Enbridge Inc for the three months ended June 29 was 0.55, and the current ratio was 0.64, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.20 and a total debt to equity ratio of 1.31 for the quarter ending June 29. Enbridge Inc’s EBITDA margin for the year ending June 29 is 23.73%, while its operating margin for the same period stands at 18.72%. Its gross profit as reported stood at $15.94 billion compared to revenue of $41.01 billion.
Earnings Surprise
For the three-month period that ended June 29, Enbridge Inc had $55.56 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $1.42 billion in the quarter, while revenues of $1.33 billion were grew 75.65%. The analyst consensus anticipated Enbridge Inc’s latest quarter earnings to come in at $0.51 per share, but it turned out to be $0.5, a -2.00% surprise. For the quarter, EBITDA amounted to $2.6 billion.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Enbridge Inc (ENB) price momentum. RSI 9-day as of the close on 28 September was 33.14%, suggesting the stock is Neutral, with historical volatility in this time frame at 13.37%.
As of today, ENB’s price is $33.97 -2.22% or -$0.76 from its 5-day moving average. ENB is currently trading -4.88% lower than its 20-day SMA and -15.96% lower than its 100-day SMA. However, the stock’s current price level is -8.96% below the SMA50 and -14.29% below the SMA200.
The stochastic %K and %D were 19.45% and 34.87%, respectively, and the average true range (ATR) was 0.58. With the 14-day stochastic at 13.01% and the average true range at 0.59, the RSI (14) stands at 37.31%. The stock has reached -0.72 on the 9-day MACD Oscillator while the 14-day reading was at -0.78.
Analyst Ratings
The consensus rating for Enbridge Inc (ENB) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell ENB, while 10 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 3 analysts, while 7 others rate it as a “buy”.
What is ENB’s price target for the next 12 months?
Analysts predict a range of price targets between $36.58 and $46.82, with a median target of $40.41. Taking a look at these predictions, the average price target given by analysts for Enbridge Inc (ENB) stock is $40.93.
