Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Enbridge (NYSE:ENB) Share Price
Headlines about Enbridge (NYSE:ENB) (TSE:ENB) have been trending somewhat positive on Monday, Accern reports. The research firm identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Enbridge earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned media stories about the pipeline company an impact score of 46.5486240931802 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news articles that may have impacted Accern’s rankings:
- Enbridge Inc (ENB) Stock Rating Lowered by BidaskClub (americanbankingnews.com)
- Traders Keeping Enbridge Inc (ENB) on Close Watch As Shares Move – Evergreen Caller (evergreencaller.com)
- Public Sector Pension Investment Board Buys A Lot More Enbridge Inc (ENB) Stock – Modern Readers (modernreaders.com)
- Enbridge Inc. vs. Hydro One Ltd.: Which Is Better? – The Motley Fool Canada (fool.ca)
- Enbridge, Inc. breached its 50 day moving average in a Bearish Manner : ENB-US : August 11, 2017 (finance.yahoo.com)
Several analysts have weighed in on ENB shares. Morgan Stanley reissued an “equal weight” rating and set a $44.00 target price (down previously from $45.00) on shares of Enbridge in a research report on Friday, July 14th. Wolfe Research initiated coverage on shares of Enbridge in a research report on Friday, May 12th. They set a “market perform” rating and a $43.00 target price on the stock. J P Morgan Chase & Co restated a “neutral” rating on shares of Enbridge in a research note on Friday, June 23rd. Zacks Investment Research cut shares of Enbridge from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Finally, BidaskClub upgraded shares of Enbridge from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 24th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $54.00.
Enbridge (ENB) traded up 0.84% during trading on Monday, hitting $39.80. 1,736,479 shares of the company traded hands. The firm has a market cap of $65.50 billion, a price-to-earnings ratio of 32.23 and a beta of 0.62. The company’s 50-day moving average is $40.68 and its 200 day moving average is $40.90. Enbridge has a 52-week low of $37.37 and a 52-week high of $45.77.
Enbridge (NYSE:ENB) (TSE:ENB) last posted its quarterly earnings data on Thursday, August 3rd. The pipeline company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by $0.05. Enbridge had a net margin of 5.28% and a return on equity of 6.04%. The firm had revenue of $8.26 billion during the quarter, compared to analysts’ expectations of $8.81 billion. During the same quarter last year, the business earned $0.50 earnings per share. On average, equities analysts anticipate that Enbridge will post $1.57 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Tuesday, August 15th will be given a $0.489 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 4.91%. This is a positive change from Enbridge’s previous quarterly dividend of $0.33. The ex-dividend date is Friday, August 11th. Enbridge’s dividend payout ratio (DPR) is 173.79%.
Enbridge Inc is a Canada-based energy transportation and distribution company. The Company is engaged in delivering energy. It operates through five segments: Liquids Pipelines, Gas Distribution, Gas Pipelines and Processing, Green Power and Transmission, and Energy Services. Liquids Pipelines consists of common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals, including Canadian Mainline, Lakehead Pipeline System, Mid-Continent and Gulf Coast and Regional Oil Sands System.
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