Enbridge (ENB) Projected to Post Quarterly Earnings on Friday

Enbridge (NYSE:ENB) (TSE:ENB) will likely be announcing its earnings results before the market opens on Friday, February 14th. Analysts expect the company to announce earnings of $0.52 per share and revenue of $7.70 billion for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Enbridge Stock Up 0.7 %

Shares of NYSE ENB opened at $44.23 on Friday. The stock has a market cap of $96.34 billion, a PE ratio of 20.47, a PEG ratio of 4.02 and a beta of 0.94. The business has a fifty day moving average of $43.15 and a two-hundred day moving average of $41.34. Enbridge has a 52-week low of $32.85 and a 52-week high of $45.78. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.54 and a current ratio of 0.62.

Enbridge Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Saturday, February 15th will be given a $0.67 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.68 annualized dividend and a yield of 6.06%. Enbridge’s payout ratio is 121.76%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ENB. Royal Bank of Canada reiterated an “outperform” rating and issued a $63.00 price objective (up previously from $59.00) on shares of Enbridge in a research report on Wednesday, December 4th. Morgan Stanley initiated coverage on shares of Enbridge in a research note on Friday, October 25th. They set an “equal weight” rating for the company. Wells Fargo & Company upgraded shares of Enbridge from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, November 6th. Finally, TD Securities started coverage on Enbridge in a report on Wednesday, January 15th. They set a “buy” rating on the stock. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Enbridge presently has a consensus rating of “Hold” and an average target price of $63.00.

Enbridge Company Profile

Enbridge Inc, together with its subsidiaries, 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.