Enbridge (NYSE:ENB) issued an update on its FY13 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $1.84-2.04 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.79, AnalystRatings.Net reports.
Shares of Enbridge (NYSE:ENB) traded down 1.10% during mid-day trading on Wednesday, hitting $40.50. 1,538,821 shares of the company’s stock traded hands. Enbridge has a one year low of $39.69 and a one year high of $48.41. The stock has a 50-day moving average of $42. and a 200-day moving average of $42.72. The company has a market cap of $33.541 billion and a price-to-earnings ratio of 37.50.
Enbridge (NYSE:ENB) last announced its earnings results on Wednesday, November 6th. The company reported $0.34 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.36 by $0.02. Analysts expect that Enbridge will post $1.79 EPS for the current fiscal year.
A number of analysts have recently weighed in on ENB shares. Analysts at RBC Capital reiterated an outperform rating on shares of Enbridge in a research note to investors on Monday. On a related note, analysts at Scotiabank reiterated a sector outperform rating on shares of Enbridge in a research note to investors on Wednesday, November 27th. Finally, analysts at Scotiabank reiterated a sector outperform rating on shares of Enbridge in a research note to investors on Friday, November 15th. They now have a $54.00 price target on the stock. One equities research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of $51.50.
Enbridge Inc is an energy delivery company that operates in Canada and the United States. It has four segments: Liquids Pipelines, which includes the operation and construction of the Enbridge crude oil mainline system and feeder pipelines that transport crude oil and other liquid hydrocarbons; Natural Gas Delivery and Services, which consists of natural gas utility operations investments in natural gas pipelines; Sponsored Investments, which includes the Company’s 27% ownership interest in Enbridge Energy Partners, L.
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