Enbridge (ENB) Getting Somewhat Negative Press Coverage, Report Finds
Press coverage about Enbridge (NYSE:ENB) (TSE:ENB) has been trending somewhat negative on Monday, Accern Sentiment reports. Accern scores the sentiment of news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Enbridge earned a daily sentiment score of -0.05 on Accern’s scale. Accern also assigned news headlines about the pipeline company an impact score of 44.3344894217014 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Jim Cramer Advises His Viewers On Enbridge, Valeant And Ferrari (benzinga.com)
- Company finds gaps in underwater oil pipeline’s coating – SFGate (sfgate.com)
- Enbridge Finds Gaps in Underwater Oil Pipeline’s Coating (wdio.com)
- Nordic investors reject Dakota pipeline operator’s allegations – Reuters (reuters.com)
- Placing the Spotlight on Enbridge Inc (ENB): Technical Stock Update – FLBC News (flbcnews.com)
Enbridge (ENB) traded up 1.15% during midday trading on Monday, hitting $40.45. The stock had a trading volume of 1,581,071 shares. The firm has a market cap of $66.57 billion, a P/E ratio of 33.13 and a beta of 0.63. Enbridge has a 52 week low of $37.37 and a 52 week high of $45.77. The stock has a 50-day moving average of $40.64 and a 200-day moving average of $40.62.
Enbridge (NYSE:ENB) (TSE:ENB) last released its quarterly earnings data on Thursday, August 3rd. The pipeline company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by $0.05. The business had revenue of $8.26 billion during the quarter, compared to the consensus estimate of $8.81 billion. Enbridge had a net margin of 5.28% and a return on equity of 6.04%. During the same quarter in the prior year, the company earned $0.50 EPS. Analysts forecast that Enbridge will post $1.64 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Tuesday, August 15th were paid a $0.489 dividend. This is a positive change from Enbridge’s previous quarterly dividend of $0.33. The ex-dividend date was Friday, August 11th. This represents a $1.96 annualized dividend and a yield of 4.84%. Enbridge’s dividend payout ratio is currently 190.29%.
Several brokerages recently issued reports on ENB. BidaskClub downgraded Enbridge from a “sell” rating to a “strong sell” rating in a research note on Friday, August 11th. Morgan Stanley reaffirmed an “equal weight” rating and set a $44.00 price target (down from $45.00) on shares of Enbridge in a research note on Friday, July 14th. Wolfe Research initiated coverage on Enbridge in a research note on Friday, May 12th. They set a “market perform” rating and a $43.00 price target for the company. J P Morgan Chase & Co reaffirmed a “neutral” rating on shares of Enbridge in a research note on Friday, June 23rd. Finally, Zacks Investment Research downgraded Enbridge from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $53.71.
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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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