Enbridge (ENB) Receives Media Impact Rating of 0.12

Press coverage about Enbridge (NYSE:ENB) (TSE:ENB) has been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Enbridge earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave media stories about the pipeline company an impact score of 46.5375634846009 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:

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Several equities analysts have commented on the company. Bank of America assumed coverage on Enbridge in a research report on Tuesday, January 9th. They issued a “neutral” rating on the stock. Zacks Investment Research raised Enbridge from a “sell” rating to a “hold” rating in a research report on Monday, December 4th. Canaccord Genuity reaffirmed a “buy” rating and issued a $54.00 price objective on shares of Enbridge in a research report on Thursday, November 30th. Finally, Morgan Stanley cut their price objective on Enbridge from $43.00 to $41.00 and set an “equal weight” rating on the stock in a research report on Friday, November 17th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $51.25.

Enbridge (NYSE:ENB) traded up $0.23 on Tuesday, hitting $32.89. The stock had a trading volume of 2,380,387 shares, compared to its average volume of 3,350,000. Enbridge has a fifty-two week low of $31.19 and a fifty-two week high of $42.92. The company has a quick ratio of 0.53, a current ratio of 0.63 and a debt-to-equity ratio of 1.05. The company has a market cap of $55,770.00, a P/E ratio of 24.92, a price-to-earnings-growth ratio of 2.32 and a beta of 0.65.

Enbridge (NYSE:ENB) (TSE:ENB) last posted its quarterly earnings results on Friday, February 16th. The pipeline company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.06. Enbridge had a return on equity of 5.47% and a net margin of 6.56%. The business had revenue of $10.15 billion for the quarter, compared to the consensus estimate of $9.39 billion. equities analysts forecast that Enbridge will post 1.77 EPS for the current fiscal year.

In other news, Director Michael E. J. Phelps sold 18,054 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $34.00, for a total transaction of $613,836.00. Following the transaction, the director now owns 56,245 shares of the company’s stock, valued at approximately $1,912,330. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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About Enbridge

Enbridge Inc is a Canada-based energy transportation and distribution company. The Company is engaged in delivering energy. It operates through five segments: Liquids Pipelines, Gas Distribution, Gas Pipelines and Processing, Green Power and Transmission, and Energy Services. Liquids Pipelines consists of common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals, including Canadian Mainline, Lakehead Pipeline System, Mid-Continent and Gulf Coast and Regional Oil Sands System.

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