National Bankshares Issues Positive Forecast for Enbridge (TSE:ENB) Stock Price

Enbridge (TSE:ENB) (NYSE:ENB) had its price objective lifted by National Bankshares from C$66.00 to C$71.00 in a research report report published on Wednesday,BayStreet.CA reports. National Bankshares currently has a sector perform rating on the stock.

ENB has been the topic of a number of other research reports. Jefferies Financial Group boosted their price target on shares of Enbridge from C$72.00 to C$73.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. CIBC dropped their target price on shares of Enbridge from C$71.00 to C$69.00 in a report on Wednesday. Scotiabank upped their price target on shares of Enbridge from C$65.00 to C$69.00 and gave the company a “sector perform” rating in a research report on Monday, October 20th. Barclays increased their price target on Enbridge from C$65.00 to C$68.00 and gave the stock an “equal weight” rating in a report on Monday, October 6th. Finally, BMO Capital Markets lifted their price objective on Enbridge from C$67.00 to C$70.00 in a research report on Thursday, December 4th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$70.92.

Enbridge Trading Up 0.7%

TSE ENB opened at C$64.66 on Wednesday. The firm has a market capitalization of C$141.15 billion, a PE ratio of 25.36, a price-to-earnings-growth ratio of 1.72 and a beta of 0.91. The business’s 50-day moving average price is C$66.57 and its two-hundred day moving average price is C$65.29. The company has a current ratio of 0.62, a quick ratio of 0.44 and a debt-to-equity ratio of 144.86. Enbridge has a 12 month low of C$56.51 and a 12 month high of C$70.39.

Enbridge (TSE:ENB) (NYSE:ENB) last issued its quarterly earnings data on Friday, November 7th. The company reported C$0.46 earnings per share (EPS) for the quarter. The company had revenue of C$14.64 billion during the quarter. Enbridge had a return on equity of 10.30% and a net margin of 13.75%. On average, analysts expect that Enbridge will post 3.511912 EPS for the current year.

Enbridge Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, December 1st were paid a dividend of $0.9425 per share. The ex-dividend date of this dividend was Friday, November 14th. This represents a $3.77 annualized dividend and a yield of 5.8%. Enbridge’s dividend payout ratio is currently 146.76%.

Enbridge Company Profile

Enbridge owns extensive midstream assets that transport hydrocarbons across the U.S. and Canada. Its pipeline network consists of the Canadian Mainline system, regional oil sands pipelines, and natural gas pipelines. The company also owns and operates a regulated natural gas utility and Canada’s largest natural gas distribution company.