Tudor Pickering analyst Matthew Taylor, CA, CFA maintained a Buy rating on Enbridge (NYSE:ENB) Inc on Thursday, setting a price target of C$51, which is approximately 53.06% above the present share price of $33.32.
Taylor, CA, CFA expects Enbridge Inc to post earnings per share (EPS) of $0.00 for the second quarter of 2020.
The current consensus among 15 TipRanks analysts is for a Moderate Buy rating of shares in Enbridge, with an average price target of $39.63.
The analysts price targets range from a high of $50 to a low of $28.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $12.01 billion and a net profit of $1.51 billion. The company's market cap is $67.4 billion.
According to TipRanks.com, Tudor Pickering analyst Matthew Taylor, CA, CFA is currently ranked with 3 stars on a 0-5 stars ranking scale, with an average return of 13.9% and a 75.00% success rate.
Enbridge, Inc. engages in the provision of gas and oil businesses. It operates through the following segments: Liquid Pipelines, Gas Distribution, Gas Transmission and Midstream, Green Power and Transmission and Energy Services. The Liquids Pipelines segment consists of common carrier and contract crude oil, natural gas liquids and refined products pipelines and terminals in Canada and U.S., including Canadian Mainline, Regional Oil Sands System, Southern Lights Pipeline, Spearhead Pipeline, Seaway Crude Pipeline interest and other feeder pipelines. The Gas Distribution segment consists of the company's natural gas utility operations which serve residential, commercial and industrial customers, primarily in central and eastern Ontario as well as northern New York State. The Gas Transmission and Midstream segment comprises of investments in natural gas pipelines, processing and green energy projects, the company's commodity marketing businesses and international activities. The Green Power and Transmission segment consists of the company's investments in renewable energy assets and transmission facilities. The Energy Services segment consists of businesses in Canada and the United States undertake physical commodity marketing activity and logistical services, oversee refinery supply services and manage the company's volume commitments on various pipeline systems. The company was founded on April 30, 1949 and is headquartered in Calgary, Canada.