Enbridge Inc (ENB) Scheduled to Post Earnings on Thursday
Enbridge Inc (TSE:ENB) (NYSE:ENB) will post its quarterly earnings results before the market opens on Thursday, November 2nd. Analysts expect Enbridge to post earnings of C$0.45 per share for the quarter.
Shares of Enbridge Inc (TSE ENB) opened at 48.63 on Thursday. Enbridge Inc has a 52 week low of $48.45 and a 52 week high of $59.17. The stock’s 50 day moving average is $50.81 and its 200-day moving average is $52.23. The stock has a market capitalization of $80.04 billion and a price-to-earnings ratio of 31.39.
In related news, Director Wanda Marie Opheim sold 28,000 shares of the firm’s stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of C$51.00, for a total transaction of C$1,428,000.00. Also, insider Bradley Francis Shamla sold 5,135 shares of the firm’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of C$52.85, for a total value of C$271,384.75. Over the last three months, insiders have purchased 10,056 shares of company stock valued at $502,753 and have sold 106,434 shares valued at $5,165,433.
ENB has been the subject of a number of recent research reports. CIBC cut their target price on Enbridge from C$71.00 to C$69.00 in a research note on Tuesday, October 17th. TD Securities raised their price objective on Enbridge from C$62.00 to C$64.00 and gave the stock a “buy” rating in a research report on Tuesday, August 8th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of C$64.78.
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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