Previous close | 37.36 |
Open | 38.04 |
Bid | 37.71 x 3000 |
Ask | 37.85 x 3100 |
Day's range | 37.65 - 38.36 |
52-week range | 31.03 - 38.99 |
Volume | |
Avg. volume | 6,022,620 |
Market cap | 80.347B |
Beta (5Y monthly) | 0.88 |
PE ratio (TTM) | 18.26 |
EPS (TTM) | 2.07 |
Earnings date | 10 May 2024 |
Forward dividend & yield | 2.67 (7.15%) |
Ex-dividend date | 14 May 2024 |
1y target est | 38.82 |
Record Financial Outcomes and Strategic Acquisitions Mark a Strong Start to 2024
Enbridge (ENB) delivered earnings and revenue surprises of 15.25% and 9.02%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
(Reuters) -North American pipeline operator Enbridge beat market estimates for first-quarter profit on Friday on strong demand for transporting oil. Canadian oil producers are boosting production to fill new capacity on the expanded Trans Mountain pipeline, owned by the Canadian government. The extra output benefited pipeline operators such as Enbridge in the months leading up to Trans Mountain's expanded line opening earlier in May.