Enbridge Inc. (NYSE: ENB) is -6.11% lower on its value in year-to-date trading and has touched a low of $35.02 and a high of $47.67 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ENB stock was last observed hovering at around $36.87 in the last trading session, with the day’s loss setting it -0.16% off its average median price target of $43.16 for the next 12 months. It is also 23.58% off the consensus price target high of $48.04 offered by 20 analysts, but current levels are 8.16% higher than the price target low of $39.97 for the same period.
Currently trading at $36.71, the stock is -5.23% and -4.67% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.35 million and changing -0.43% at the moment leaves the stock -7.44% off its SMA200. ENB registered -17.58% loss for a year compared to 6-month loss of -9.02%. The firm has a 50-day simple moving average (SMA 50) of $2.87 and a 200-day simple moving average (SMA200) of $11.94.
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The stock witnessed a -6.87% gain in the last 1 month and extending the period to 3 months gives it a -2.88%, and is -1.13% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.14% over the week and 1.63% over the month.
Enbridge Inc. (ENB) has around 11100 employees, a market worth around $74.22B and $37.25B in sales. Current P/E ratio is 42.05 and Fwd P/E is 12.18. Profit margin for the company is 4.80%. Distance from 52-week low is 4.83% and -22.99% from its 52-week high. The company has generated returns on investments over the last 12 months (3.50%).
Enbridge Inc. (ENB) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Enbridge Inc. (ENB) is a “Overweight”. 20 analysts offering their recommendations for the stock have an average rating of 2.30, where 9 rate it as a Hold and 1 think it is a “Overweight”. 10 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Enbridge Inc. is expected to release its quarterly report on 08/04/2023.The EPS is expected to shrink by -55.60% this year.
Enbridge Inc. (ENB) Top Institutional Holders
The shares outstanding are 2.02B, and float is at 2.02B with Short Float at 3.15%.
Enbridge Inc. (ENB) Insider Activity
A total of 37 insider transactions have happened at Enbridge Inc. (ENB) in the last six months, with sales accounting for 12 and purchases happening 25 times.
Enbridge Inc. (ENB): Who are the competitors?
The company’s main competitors (and peers) include Hess Corporation (HES) that is trading 16.43% up over the past 12 months and Suncor Energy Inc. (SU) that is -23.50% lower over the same period. Enterprise Products Partners L.P. (EPD) is -2.62% down on the 1-year trading charts.