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Enbridge (ENB) Stock Moves -0.89%: What You Should Know
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Enbridge (ENB - Free Report) closed at $31.04 in the latest trading session, marking a -0.89% move from the prior day. This change was narrower than the S&P 500's 1.58% loss on the day. At the same time, the Dow lost 1.99%, and the tech-heavy Nasdaq lost 1.63%.
Prior to today's trading, shares of the oil and natural gas transportation and power transmission company had lost 6.42% over the past month. This has was narrower than the Oils-Energy sector's loss of 11.28% and the S&P 500's loss of 6.62% in that time.
ENB will be looking to display strength as it nears its next earnings release, which is expected to be February 15, 2019. On that day, ENB is projected to report earnings of $0.46 per share, which would represent a year-over-year decline of 4.17%.
ENB's full-year Zacks Consensus Estimates are calling for earnings of $2.06 per share and revenue of $36.19 billion. These results would represent year-over-year changes of +33.77% and +0.37%, respectively.
Any recent changes to analyst estimates for ENB should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 1.63% lower within the past month. ENB is currently a Zacks Rank #3 (Hold).
Investors should also note ENB's current valuation metrics, including its Forward P/E ratio of 15.23. This valuation marks a discount compared to its industry's average Forward P/E of 16.71.
Meanwhile, ENB's PEG ratio is currently 1.49. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Oil and Gas - Production and Pipelines industry currently had an average PEG ratio of 2.66 as of yesterday's close.
The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 78, which puts it in the top 30% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Enbridge (ENB) Stock Moves -0.89%: What You Should Know
Enbridge (ENB - Free Report) closed at $31.04 in the latest trading session, marking a -0.89% move from the prior day. This change was narrower than the S&P 500's 1.58% loss on the day. At the same time, the Dow lost 1.99%, and the tech-heavy Nasdaq lost 1.63%.
Prior to today's trading, shares of the oil and natural gas transportation and power transmission company had lost 6.42% over the past month. This has was narrower than the Oils-Energy sector's loss of 11.28% and the S&P 500's loss of 6.62% in that time.
ENB will be looking to display strength as it nears its next earnings release, which is expected to be February 15, 2019. On that day, ENB is projected to report earnings of $0.46 per share, which would represent a year-over-year decline of 4.17%.
ENB's full-year Zacks Consensus Estimates are calling for earnings of $2.06 per share and revenue of $36.19 billion. These results would represent year-over-year changes of +33.77% and +0.37%, respectively.
Any recent changes to analyst estimates for ENB should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 1.63% lower within the past month. ENB is currently a Zacks Rank #3 (Hold).
Investors should also note ENB's current valuation metrics, including its Forward P/E ratio of 15.23. This valuation marks a discount compared to its industry's average Forward P/E of 16.71.
Meanwhile, ENB's PEG ratio is currently 1.49. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Oil and Gas - Production and Pipelines industry currently had an average PEG ratio of 2.66 as of yesterday's close.
The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 78, which puts it in the top 30% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.