The Enbridge Inc. (NYSE:ENB) is going up by 1.91% in today’s trading session, a rise equivalent to 0.7% of the stock’s price from yesterday’s market close. A news came out 5 hours ago stating that (PR) Enbridge Inc. Reports Strong Third Quarter 2019 Results by WSJ. The lowest point that the shares touched during the trading session was $36.675, while the peak of the day was recorded at a share price of $37.08. ENB finished the previous session at $36.73 according to the data provided by Barchart, while the trading volume was observed to be $2473391.
In the 100 days of trading, ENB managed to top a 35.04% Moving average. Additionally, Enbridge Inc. shares have achieved a 52-week range between 28.82 and 38.04 alongside 100 days raw stochastic set at 92.92%.
The number of shares outstanding, according to the fundamentals of the company, is set at 2.00B, equal to the value of $73.52B in market capitalization. In the last 30 days, Enbridge Inc. shares went down by -1.06%, adding 37.88 to growth in value, on top of a +7.58% boost since 10/08/19.
Enbridge Inc. (NYSE:ENB) Analyst’s Estimates
Enbridge Inc. (ENB) could record at least $0.40 per share in quarterly earnings in the upcoming report on 11/08/2019, a number that would actually represent an increase of 2.01 YOY.
According to the average analyst rating, Enbridge Inc. would be rated as Overweight. Out of 21 different analysts monitoring ENB stock, 10 analysts rate the stock as a BUY, 9 suggest to give the rating of HOLD, 2 indicate that ENB is an OVERWEIGHT, 0 rated the stock as a SELL, and 0 analyst believes that the stock should be rated as UNDERWEIGHT.
On October 15, 2019, the stock earned a Downgrade rating due to a new analyst call from Barclays, while analysts from Goldman believe that the stock is set at Neutral, as concluded on July 19, 2019. BofA/Merrill, is still rather wary about the stock, deciding to keep the rating at Neutral as confirmed through a call on July 02, 2019.
Credit Suisse, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on April 25, 2019, giving the stock a Neutral from the Outperform rating.
ENB Key Ratios To Watch:
Taking in account the profitability of the Company, gross profit margin of +30.68% has been attained, while the operating margin has been recorded at +16.10%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at 1.75%. Beta value of the stock is recorded at 0.59. Additionally, Enbridge Inc. is recording price volatility of 1.08% for the period of the last seven days and 0.95% in the last 30 days.
Enbridge Inc. (NYSE:ENB) Technical Outlook
For the period of the last 50 days, Enbridge Inc. had its Raw Stochastic average set at 91.66% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 83.74%. Stochastic %K for Enbridge Inc., with the last 20 days included, was set at 81.86%, having Stochastic %D topping 85.25%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be encouraging for Enbridge Inc. stocks with recording 18.18% in metrics.
Enbridge Inc. Insider Watch:
Similarly, 59.74% of the company’s float is held by institutions – and there are 1,258 institutions in total holding shares of this company. The top three institutional holders of ENB stocks are: Royal Bank of Canada with ownership of $4.0 billion, which is approximately 134524814 of the company’s shares; Capital International Investors, holding 117366855 shares of the stock with an approximate value of $4.0 billion; and Vanguard Group, Inc. (The), currently with more than 61387908 shares of the company valued at $2.0 billion. Positions in Enbridge Inc. stocks held by institutional investors has been changing actively in the past six months, a period during which there were 4 insider purchases amounting to 10025 shares.