Analysts Set Expectations for Enbridge Inc.’s Q1 2022 Earnings (TSE:ENB)

Enbridge Inc. (TSE:ENBGet Rating) (NYSE:ENB) – National Bank Financial issued their Q1 2022 EPS estimates for Enbridge in a research note issued to investors on Monday, April 25th. National Bank Financial analyst P. Kenny expects that the company will post earnings of $0.84 per share for the quarter.

A number of other equities analysts have also recently weighed in on the stock. Raymond James increased their price objective on shares of Enbridge from C$54.50 to C$58.50 and gave the stock a “market perform” rating in a research report on Tuesday, April 19th. National Bankshares boosted their price target on shares of Enbridge from C$56.00 to C$57.00 and gave the stock an “outperform” rating in a research note on Monday, February 14th. Tudor Pickering & Holt set a C$53.00 price objective on shares of Enbridge and gave the stock a “hold” rating in a report on Friday, February 11th. Tudor Pickering reaffirmed a “hold” rating and issued a C$53.00 price target on shares of Enbridge in a report on Monday, February 14th. Finally, CSFB boosted their price objective on shares of Enbridge from C$48.00 to C$62.00 in a research report on Monday, April 11th. Eight research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of C$57.53.

ENB stock opened at C$56.08 on Wednesday. The company has a market cap of C$113.60 billion and a price-to-earnings ratio of 19.54. The company has a current ratio of 0.49, a quick ratio of 0.36 and a debt-to-equity ratio of 120.82. Enbridge has a 12 month low of C$45.76 and a 12 month high of C$59.09. The firm has a 50-day moving average of C$56.61 and a two-hundred day moving average of C$53.08.

Enbridge (TSE:ENBGet Rating) (NYSE:ENB) last announced its quarterly earnings data on Friday, February 11th. The company reported C$0.68 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.78 by C($0.10). The firm had revenue of C$12.47 billion for the quarter, compared to analysts’ expectations of C$12.79 billion.

In other Enbridge news, Senior Officer Vernon Dai-Chung Yu sold 3,300 shares of the business’s stock in a transaction on Friday, February 25th. The stock was sold at an average price of C$53.86, for a total value of C$177,738.00. Following the sale, the insider now directly owns 171,183 shares in the company, valued at C$9,219,916.38. Also, Senior Officer Colin Kenneth Gruending sold 1,240 shares of the company’s stock in a transaction dated Friday, March 25th. The stock was sold at an average price of C$57.67, for a total value of C$71,510.80. Following the completion of the transaction, the insider now owns 73,384 shares in the company, valued at C$4,232,055.28. Over the last quarter, insiders sold 13,133 shares of company stock valued at $737,256.

Enbridge Company Profile (Get Rating)

Enbridge Inc operates as an energy infrastructure company. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. The Liquids Pipelines segment operates pipelines and related terminals to transport various grades of crude oil and other liquid hydrocarbons in Canada and the United States.

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Earnings History and Estimates for Enbridge (TSE:ENB)

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