Enbridge Inc (ENB) to Release Earnings on Thursday
Enbridge Inc (TSE:ENB) (NYSE:ENB) will release its earnings data 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 (ENB) traded up 0.42% during trading on Tuesday, reaching $49.70. The company had a trading volume of 630,044 shares. The company’s 50 day moving average is $50.79 and its 200-day moving average is $52.04. Enbridge Inc has a 1-year low of $48.45 and a 1-year high of $59.14. The stock has a market capitalization of $81.80 billion and a price-to-earnings ratio of 32.09.
A number of brokerages have weighed in on ENB. TD Securities upped their price objective on shares of Enbridge from C$62.00 to C$64.00 and gave the stock a “buy” rating in a research report on Tuesday, August 8th. CIBC decreased their price objective on shares of Enbridge from C$71.00 to C$69.00 in a research report on Tuesday, October 17th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of C$64.78.
In related news, Director Wanda Marie Opheim sold 28,000 shares of the company’s stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of C$51.00, for a total transaction of C$1,428,000.00. Also, Director Albert Monaco purchased 9,356 shares of Enbridge stock in a transaction that occurred on Friday, September 15th. The shares were bought at an average price of C$50.02 per share, with a total value of C$467,987.12. In the last quarter, insiders acquired 10,056 shares of company stock valued at $502,753 and sold 106,434 shares valued at $5,165,433.
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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