The price-to-earnings ratio for Enbridge Inc. (NYSE: ENB) is above average at 25.35x, while the 36-month beta value is 0.86.Analysts have differing opinions on the stock, with 7 analysts rating it as a “buy,” 2 as “overweight,” 11 as “hold,” and 0 as “sell.”
The average price point forecasted by analysts for Enbridge Inc. (ENB) is $40.81, which is $7.57 above the current market price. The public float for ENB is 2.02B, and currently, short sellers hold a 1.53% ratio of that floaft. The average trading volume of ENB on September 18, 2023 was 5.04M shares.
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ENB) stock’s latest price update
Enbridge Inc. (NYSE: ENB) has seen a decline in its stock price by -0.65 in relation to its previous close of 35.32. However, the company has experienced a 4.62% gain in its stock price over the last five trading sessions. The Motley Fool reported 2023-09-17 that Devon Energy offers a base dividend and a variable one depending on its cash flow. A recent acquisition will make Enbridge North America’s largest natural gas utility.
ENB’s Market Performance
ENB’s stock has risen by 4.62% in the past week, with a monthly rise of 1.39% and a quarterly drop of -5.80%. The volatility ratio for the week is 1.31% while the volatility levels for the last 30 days are 1.28% for Enbridge Inc. The simple moving average for the last 20 days is 1.69% for ENB stock, with a simple moving average of -7.69% for the last 200 days.
ENB Trading at -1.69% from the 50-Day Moving Average
After a stumble in the market that brought ENB to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -16.73% of loss for the given period.
Volatility was left at 1.28%, however, over the last 30 days, the volatility rate increased by 1.31%, as shares surge +0.66% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.28% lower at present.
During the last 5 trading sessions, ENB rose by +4.62%, which changed the moving average for the period of 200-days by -14.83% in comparison to the 20-day moving average, which settled at $34.52. In addition, Enbridge Inc. saw -10.26% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for ENB
Current profitability levels for the company are sitting at:
- +15.66 for the present operating margin
- +31.14 for the gross margin
The net margin for Enbridge Inc. stands at +5.62. The total capital return value is set at 5.88, while invested capital returns managed to touch 2.28. Equity return is now at value 6.90, with 2.10 for asset returns.
Based on Enbridge Inc. (ENB), the company’s capital structure generated 136.50 points at debt to equity in total, while total debt to capital is 57.72. Total debt to assets is 45.51, with long-term debt to equity ratio resting at 138.72. Finally, the long-term debt to capital ratio is 51.98.
When we switch over and look at the enterprise to sales, we see a ratio of 3.85, with the company’s debt to enterprise value settled at 0.41. The receivables turnover for the company is 6.70 and the total asset turnover is 0.31. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.60.
Conclusion
In a nutshell, Enbridge Inc. (ENB) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
