Let’s start up with the current stock price of Enbridge Inc. (ENB), which is $41.84 to be very precise. The Stock rose vividly during the last session to $42.03 after opening rate of $41.33 while the lowest price it went was recorded $41.29 before closing at $41.34.Recently in News on October 12, 2021, Enbridge completes Acquisition of North America’s Premier Crude Export Facility. Enbridge Inc. (Enbridge or the Company) (TSX: ENB) (NYSE: ENB) today announced the closing of the acquisition of Moda Midstream Operating from Encap Flatrock Midstream for US$3.0 billion. The acquisition significantly advances the Company’s U.S. Gulf Coast export strategy and connectivity to low-cost and long-lived reserves in the Permian and Eagle Ford basins. You can read further details here
Enbridge Inc. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $42.03 on 10/12/21, with the lowest value was $31.77 for the same time period, recorded on 01/04/21.
Enbridge Inc. (ENB) full year performance was 40.97%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Enbridge Inc. shares are logging 0.12% during the 52-week period from high price, and 55.14% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $26.97 and $41.79.
The company’s shares, operating in the sector of Energy managed to top a trading volume set approximately around 3659630 for the day, which was evidently higher, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Enbridge Inc. (ENB) recorded performance in the market was 30.79%, having the revenues showcasing 5.82% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 83.61B, as it employees total of 11200 workers.
The Analysts eye on Enbridge Inc. (ENB)
During the last month, 16 analysts gave the Enbridge Inc. a BUY rating, 1 of the polled analysts branded the stock as an OVERWEIGHT, 6 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 39.58, with a change in the price was noted +3.25. In a similar fashion, Enbridge Inc. posted a movement of +8.42% for the period of last 100 days, recording 3,673,158 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for ENB is recording 1.26 at the time of this writing. In addition, long term Debt to Equity ratio is set at 1.16.
Technical rundown of Enbridge Inc. (ENB)
Raw Stochastic average of Enbridge Inc. in the period of last 50 days is set at 96.18%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 94.52%. In the last 20 days, the company’s Stochastic %K was 92.17% and its Stochastic %D was recorded 92.34%.
Considering, the past performance of Enbridge Inc., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 30.79%. Additionally, trading for the stock in the period of the last six months notably improved by 12.81%, alongside a boost of 40.97% for the period of the last 12 months. The shares increased approximately by 4.13% in the 7-day charts and went down by 4.24% in the period of the last 30 days. Common stock shares were driven by 5.82% during last recorded quarter.