|Bid||37.13 x 1100|
|Ask||37.14 x 2900|
|Day's Range||36.94 - 37.31|
|52 Week Range||28.82 - 37.69|
|Beta (3Y Monthly)||0.73|
|PE Ratio (TTM)||51.14|
|Forward Dividend & Yield||2.24 (6.14%)|
|1y Target Est||45.03|
Enbridge (ENB) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
MMP, KMI, OKE, and ET: How Top Midstream Stocks Fared Last Week(Continued from Prior Part)Analysts’ recommendations On March 1, Stifel raised its target price for ONEOK (OKE) from $58 to $69. On February 27, Mizuho raised its target price for the
Cimarex (XEC) expects the $1.6 billion Resolute Energy acquisition to add 28,000 barrels of oil equivalent per day of production in March.
Enbridge Inc NYSE:ENBView full report here! Summary * Perception of the company's creditworthiness is positive * Bearish sentiment is low * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is extremely low for ENB with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting ENB. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold ENB had net inflows of $1.33 billion over the last one-month. Economic sentimentPMI by IHS MarkitThere is no PMI sector data available for this security. Credit worthinessCredit default swap | PositiveThe current level displays a positive indicator. ENB credit default swap spreads are near the lowest level of the last three years and indicate the market's continued positive perception of the company's credit worthiness.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Enbridge Stock Fell 5.9% Due to Pipeline Delay, DowngradesEnbridge fell 5.9%On March 4, Enbridge (ENB) fell 5.9% due to the expected delay in its Line 3 Replacement project. On March 1, the company announced that the replacement project could be
Moody's Investors Service ("Moody's") assigned a first time rating of Baa2 to Midwest Connector Capital Company LLC's (Midwest Connector) proposed issuance of $2.5 billion of senior notes. Midwest Connector is a special purpose entity formed solely for the purpose of issuing the proposed notes. The notes will be jointly and severally guaranteed by Dakota Access, LLC (DAPL) and Energy Transfer Crude Oil Company, LLC (ETCOC), the respective owners of the DAPL and ETCOC pipeline assets which together comprise the Dakota Access crude oil pipeline system (Dakota Access).
Ensco's (ESV) fourth-quarter results are affected by lower utilization for the floater fleet, decreasing realized dayrates and higher depreciation costs.
Cenovus fell as much as 7.5 percent in Toronto, and Canadian Natural slipped as much as 6.5 percent, the biggest intraday drops in almost three months for both stocks. By contrast, Suncor Energy Inc. may be a “relative winner” if discounts on Western Canadian Select heavy crude widen again, Goldman Sachs Group Inc. analyst Neil Mehta said in a note. Suncor was down 2 percent to C$44.54 at 1 p.m. in Toronto.
The roughly one-year delay to Enbridge Inc.’s expansion of its Line 3 conduit, announced late Friday, threatens to prolong a shortage of pipeline space that has made it difficult for Canada’s drillers to ship their crude to refineries. Enbridge’s Line 3, which would help move 370,000 more barrels of crude out of Alberta, is particularly important because the province’s government was counting on it to help end mandated production cuts.
CNX Resources' (CNX) plans to focus on Marcellus and Utica shales will help it to meet its updated production guidance for 2019.
With the completion of construction of ExxonMobil's (XOM) new polypropylene unit, the production capacity of the versatile material in Gulf coast will surge.
TransCanada's (TRP) Mountaineer Xpress and Gulf Xpress pipelines are expected to transport Appalachian Basin's natural gas output to meet the growing market demand in the United States.
Enbridge’s Line 3 Replacement Project Gets DelayedProject gets delayedOn March 1, after the markets closed, Enbridge (ENB) announced that it received a timeline for the permits for its Line 3 Replacement project from various agencies in Minnesota.
CALGARY , March 1, 2019 /CNW/ - Enbridge Inc. (ENB) (ENB) (Enbridge or the Company) announced that the State of Minnesota (the "State") has today provided Enbridge the permitting timeline for its agencies' remaining environmental permits for the Line 3 Replacement Project. Enbridge anticipates that the remaining Federal permits will be finalized approximately 30 to 60 days thereafter. "We now have a firm schedule from the State on the timing of the remaining permits for our Line 3 Replacement project," said Al Monaco , President and Chief Executive Officer of Enbridge.
At the end of 2018, the company had net debt of $69.4 billion, decreasing from the $84.9 billion at the end of 2017 and $96.4 billion as of Dec 31, 2016.