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

Enbridge Inc. (TSE:ENBGet Rating) (NYSE:ENB) – Analysts at US Capital Advisors boosted their Q1 2022 earnings estimates for Enbridge in a research note issued to investors on Monday, April 25th. US Capital Advisors analyst B. Followill now forecasts that the company will post earnings of $0.86 per share for the quarter, up from their previous estimate of $0.85.

ENB has been the topic of several other research reports. Scotiabank increased their price target on shares of Enbridge from C$58.00 to C$62.00 in a research note on Tuesday, April 19th. CIBC increased their price target on shares of Enbridge from C$58.00 to C$61.00 in a research note on Thursday, April 21st. TD Securities increased their price target on shares of Enbridge from C$59.00 to C$61.00 and gave the stock a “buy” rating in a research note on Friday, April 1st. CSFB raised their target price on shares of Enbridge from C$48.00 to C$62.00 in a research note on Monday, April 11th. Finally, National Bankshares raised their target price on shares of Enbridge from C$56.00 to C$57.00 and gave the company an “outperform” rating in a research note on Monday, February 14th. Eight research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of C$57.53.

Shares of ENB opened at C$56.16 on Thursday. The company’s fifty day moving average is C$56.68 and its 200-day moving average is C$53.11. Enbridge has a 12 month low of C$45.76 and a 12 month high of C$59.09. The firm has a market cap of C$113.76 billion and a price-to-earnings ratio of 19.57. The company has a quick ratio of 0.36, a current ratio of 0.49 and a debt-to-equity ratio of 120.82.

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

In other news, Senior Officer Colin Kenneth Gruending sold 1,240 shares of the firm’s stock in a transaction dated Friday, March 25th. The shares were sold at an average price of C$57.67, for a total transaction of C$71,510.80. Following the completion of the transaction, the insider now directly owns 73,384 shares of the company’s stock, valued at approximately C$4,232,055.28. Also, Senior Officer Vernon Dai-Chung Yu sold 7,593 shares of the stock in a transaction dated Thursday, March 17th. The stock was sold at an average price of C$56.74, for a total transaction of C$430,826.82. Following the sale, the insider now owns 168,775 shares of the company’s stock, valued at approximately C$9,576,293.50. Insiders have sold a total of 13,133 shares of company stock valued at $737,256 over the last ninety days.

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.

Further Reading

Earnings History and Estimates for Enbridge (TSE:ENB)

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