Enbridge (TSE:ENB) (NYSE:ENB) insider Robert Ross Rooney purchased 6,100 shares of the business’s stock in a transaction that occurred on Thursday, March 15th. The shares were purchased at an average price of C$40.80 per share, for a total transaction of C$248,880.00.
Shares of Enbridge stock opened at C$39.86 on Monday. Enbridge has a 12-month low of C$38.02 and a 12-month high of C$57.75.
Enbridge (TSE:ENB) (NYSE:ENB) last issued its quarterly earnings results on Friday, February 16th. The company reported C$0.61 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of C$0.53 by C$0.08. Enbridge had a net margin of 11.00% and a return on equity of 6.04%. The business had revenue of C$12.89 billion for the quarter, compared to analyst estimates of C$11.73 billion.
ENB has been the subject of several research reports. BMO Capital Markets reaffirmed an “outperform” rating and issued a C$66.00 price target on shares of Enbridge in a research report on Wednesday, December 13th. Royal Bank of Canada lowered their price target on shares of Enbridge from C$63.00 to C$59.00 and set an “outperform” rating for the company in a research report on Wednesday, December 13th. TD Securities lowered their price target on shares of Enbridge from C$62.00 to C$61.00 and set a “buy” rating for the company in a research report on Thursday, December 14th. Canaccord Genuity lowered their price target on shares of Enbridge from C$54.00 to C$52.00 in a research report on Wednesday, February 14th. Finally, Scotiabank reduced their price objective on shares of Enbridge from C$60.00 to C$59.00 and set an “outperform” rating for the company in a research note on Tuesday, February 20th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of C$56.23.
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Enbridge Inc operates as an energy infrastructure company in Canada and the United States. The company operates in five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution, Green Power and Transmission, and Energy Services. The Liquids Pipelines segment operates common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals.
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