A new trading day began on June 23, 2022, with Enbridge Inc. (NYSE: ENB) stock priced at $41.33, down -1.09% from the previous day of trading. During the day, the shares moved up to $41.49 and dropped to $40.535 before settling in for the closing price of $41.25. ENB’s price has ranged from $36.21 to $47.67 over the past 52 weeks.
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During the last 5-year period, the sales growth of Energy Sector giant was 6.40%. Meanwhile, its annual earnings per share averaged 94.60%. With a float of $2.02 billion, this company’s outstanding shares have now reached $2.03 billion.
Let’s determine the extent of company efficiency that accounts for 10900 employees. In terms of profitability, gross margin is +30.22, operating margin of +15.87, and the pretax margin is +12.86.
Enbridge Inc. (ENB) Breakdown of a Key Holders of the stock
As we move forward, let’s examine how large-scale investors are investing in this stock of the Oil & Gas Midstream Industry. The insider ownership of Enbridge Inc. is 9.20%, while institutional ownership is 70.50%.
Enbridge Inc. (ENB) Recent Fiscal highlights
In its latest quarterly report, released on 3/30/2022, the company reported earnings of $0.65 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). This company achieved a net margin of +13.22 while generating a return on equity of 10.13. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.53 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 94.60% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 10.00% during the next five years compared to 8.20% growth over the previous five years of trading.
Enbridge Inc. (NYSE: ENB) Trading Performance Indicators
Here are Enbridge Inc.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.60. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.17.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.23, a number that is poised to hit 0.70 in the next quarter and is forecasted to reach 3.17 in one year’s time.
Technical Analysis of Enbridge Inc. (ENB)
Looking closely at Enbridge Inc. (NYSE: ENB), its last 5-days average volume was 5.28 million, which is a jump from its year-to-date volume of 4.68 million. As of the previous 9 days, the stock’s Stochastic %D was 23.56%. Additionally, its Average True Range was 1.09.
During the past 100 days, Enbridge Inc.’s (ENB) raw stochastic average was set at 16.83%, which indicates a significant increase from 16.83% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 25.45% in the past 14 days, which was higher than the 23.57% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $44.63, while its 200-day Moving Average is $42.28. However, in the short run, Enbridge Inc.’s stock first resistance to watch stands at $41.35. Second resistance stands at $41.90. The third major resistance level sits at $42.30. If the price goes on to break the first support level at $40.39, it is likely to go to the next support level at $39.99. Now, if the price goes above the second support level, the third support stands at $39.44.
Enbridge Inc. (NYSE: ENB) Key Stats
With a market capitalization of 83.93 billion, the company has a total of 2,026,382K Shares Outstanding. Currently, annual sales are 37,558 M while annual income is 4,938 M. The company’s previous quarter sales were 11,921 M while its latest quarter income was 1,602 M.