US Capital Advisors Research Analysts Increase Earnings Estimates for Enbridge Inc. (TSE:ENB)

Enbridge Inc. (TSE:ENBGet Rating) (NYSE:ENB) – US Capital Advisors upped their Q1 2022 earnings per share estimates for shares of Enbridge in a report released on Monday, April 25th. US Capital Advisors analyst B. Followill now expects that the company will post earnings per share of $0.86 for the quarter, up from their previous estimate of $0.85.

Several other research firms have also recently issued reports on ENB. CIBC raised their price target on shares of Enbridge from C$58.00 to C$61.00 in a research note on Thursday, April 21st. CSFB raised their price target on shares of Enbridge from C$48.00 to C$62.00 in a research note on Monday, April 11th. Credit Suisse Group raised their target price on shares of Enbridge to C$62.00 and gave the stock a “neutral” rating in a research report on Monday, April 11th. Tudor Pickering reissued a “hold” rating and issued a C$53.00 target price on shares of Enbridge in a research report on Monday, February 14th. Finally, National Bankshares raised their target price on shares of Enbridge from C$56.00 to C$57.00 and gave the stock an “outperform” rating in a research report on Monday, February 14th. Eight investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of C$57.53.

Enbridge stock opened at C$56.16 on Thursday. Enbridge has a 12-month low of C$45.76 and a 12-month high of C$59.09. The stock has a market capitalization of C$113.76 billion and a P/E ratio of 19.57. The firm’s 50-day moving average is C$56.68 and its two-hundred day moving average is C$53.11. The company has a debt-to-equity ratio of 120.82, a current ratio of 0.49 and a quick ratio of 0.36.

Enbridge (TSE:ENBGet Rating) (NYSE:ENB) last released its quarterly earnings results on Friday, February 11th. The company reported C$0.68 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.78 by C($0.10). The business 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 Vernon Dai-Chung Yu sold 7,593 shares of Enbridge stock in a transaction that occurred on Thursday, March 17th. The shares were 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 in the company, valued at C$9,576,293.50. Also, Senior Officer Cynthia Lynn Hansen sold 1,000 shares of Enbridge stock in a transaction that occurred on Monday, March 21st. The shares were sold at an average price of C$57.18, for a total transaction of C$57,180.00. Following the sale, the insider now owns 219,895 shares in the company, valued at approximately C$12,573,596.10. Insiders have sold 13,133 shares of company stock worth $737,256 in the last quarter.

About Enbridge (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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