Enbridge Inc (ENB) is expecting 4.55% growth in the next quarter: What can investors do to maximize their returns?

A new trading day began on Monday, with Enbridge Inc (NYSE: ENB) stock price up 1.93% from the previous day of trading, before settling in for the closing price of $34.23. ENB’s price has ranged from $31.03 to $40.92 over the past 52 weeks.

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Energy Sector giant saw their annual sales slid by -0.55% over the last five years. Meanwhile, its annual earnings per share averaged 1.25%. With a float of $2.12 billion, this company’s outstanding shares have now reached $2.12 billion.

The firm has a total of Feb 14 2024 workers. Let’s measure their productivity.

Enbridge Inc (ENB) Insider Activity

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 0.16%, while institutional ownership is 52.61%.

Enbridge Inc (ENB) Earnings and Forecasts

In its latest quarterly report, released on 12/30/2023, the company reported earnings of $0.47 per share, which was $0.1 lower 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). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.49 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 1.25% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 0.50% during the next five years compared to 13.31% 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 0.74. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.33. Likewise, its price to free cash flow for the trailing twelve months is 9.44.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.10, a number that is poised to hit 0.60 in the next quarter and is forecasted to reach 2.23 in one year’s time.

Technical Analysis of Enbridge Inc (ENB)

Analysing the last 5-days average volume posted by the [Enbridge Inc, ENB], we can find that recorded value of 6.49 million was better than the volume posted last year of 5.41 million. As of the previous 9 days, the stock’s Stochastic %D was 21.16%. Additionally, its Average True Range was 0.53.

During the past 100 days, Enbridge Inc’s (ENB) raw stochastic average was set at 61.87%, which indicates a significant increase from 42.41% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 16.35% in the past 14 days, which was lower than the 17.28% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $35.67, while its 200-day Moving Average is $35.46. Now, the first resistance to watch is $35.20. This is followed by the second major resistance level at $35.52. The third major resistance level sits at $36.03. If the price goes on to break the first support level at $34.37, it is likely to go to the next support level at $33.86. Should the price break the second support level, the third support level stands at $33.54.

Enbridge Inc (NYSE: ENB) Key Stats

With a market capitalization of 74.16 billion, the company has a total of 2,125,586K Shares Outstanding. Currently, annual sales are 41,005 M while annual income is 2,310 M. The company’s previous quarter sales were 7,337 M while its latest quarter income was 462,830 K.