Enbridge Inc (NYSE:ENB) to Release Quarterly Earnings on Thursday
Enbridge Inc (NYSE:ENB) (TSE:ENB) is scheduled to announce its earnings results before the market opens on Thursday, August 3rd. Analysts expect the company to announce earnings of $0.34 per share for the quarter.
Shares of Enbridge Inc (ENB) traded down 0.81% on Thursday, reaching $41.39. 305,146 shares of the company were exchanged. The stock has a market capitalization of $67.83 billion, a PE ratio of 43.52 and a beta of 0.61. The firm has a 50 day moving average price of $39.75 and a 200-day moving average price of $41.12. Enbridge Inc has a 12-month low of $37.37 and a 12-month high of $45.77.
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Several brokerages recently issued reports on ENB. Wells Fargo & Company reiterated a “market perform” rating on shares of Enbridge in a research note on Friday, March 31st. J P Morgan Chase & Co reiterated a “neutral” rating on shares of Enbridge in a research note on Friday, June 23rd. Wolfe Research began coverage on shares of Enbridge in a research note on Friday, May 12th. They issued a “market perform” rating and a $43.00 price target for the company. Morgan Stanley reiterated an “equal weight” rating and issued a $44.00 price target (down from $45.00) on shares of Enbridge in a research note on Friday, July 14th. Finally, Zacks Investment Research lowered shares of Enbridge from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company’s stock. Enbridge currently has an average rating of “Hold” and an average target price of $54.00.
Enbridge Company Profile
Enbridge Inc is a Canada-based energy transportation and distribution company. The Company is engaged in delivering energy. It operates through five segments: Liquids Pipelines, Gas Distribution, Gas Pipelines and Processing, Green Power and Transmission, and Energy Services. Liquids Pipelines consists of common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals, including Canadian Mainline, Lakehead Pipeline System, Mid-Continent and Gulf Coast and Regional Oil Sands System.
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