Enbridge Inc (ENB) Expected to Earn Q3 2016 Earnings of $0.49 Per Share
Enbridge Inc (TSE:ENB) – Investment analysts at National Bank Financial issued their Q3 2016 EPS estimates for Enbridge in a report issued on Wednesday. National Bank Financial analyst P. Kenny forecasts that the firm will post earnings per share of $0.49 for the quarter. National Bank Financial currently has a “Outperform” rating and a $63.00 target price on the stock.
ENB has been the topic of a number of other research reports. Scotiabank set a C$61.00 price objective on shares of Enbridge and gave the stock an “outperform” rating in a research note on Monday, September 12th. Goldman Sachs Group Inc. upgraded shares of Enbridge from a “neutral” rating to a “buy” rating and increased their price objective for the stock from C$56.00 to C$63.00 in a research note on Thursday, September 8th. Bank of America Corp. reiterated a “neutral” rating and issued a C$56.00 price objective on shares of Enbridge in a research note on Thursday, September 1st. Canaccord Genuity increased their price objective on shares of Enbridge from C$57.00 to C$60.00 and gave the stock a “buy” rating in a research note on Wednesday, September 7th. Finally, FirstEnergy Capital upgraded shares of Enbridge from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from C$55.00 to C$68.00 in a research note on Wednesday, September 7th. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of C$60.87.
Enbridge (TSE:ENB) opened at 57.80 on Friday. Enbridge has a 12-month low of $40.03 and a 12-month high of $59.19. The firm’s 50 day moving average is $56.57 and its 200 day moving average is $53.76. The company has a market cap of $54.00 billion and a P/E ratio of 39.86.
Enbridge Inc (Enbridge) is an energy transportation and distribution company. The Company operates through five segments: Liquids Pipelines; Gas Distribution; Gas Pipelines, Processing and Energy Services; Sponsored Investments, and Corporate. The Company operates the crude oil and liquids transportation system in Canada and the United States.
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