The market expects Enbridge (ENB) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on August 2, 2024, might help the stock move higher if these key numbers are better ...

Tech stocks have seen a reckoning so far this week, with the Invesco QQQ Trust ETF (QQQ) having fallen by 4% since the start of this week. Not having much exposure to high-flying tech stocks only validates my belief that it's better to have a portfolio of high dividend-paying stocks and add to them whenever their valuations become attractive. That's because having a meaningful dividend makes it easier to hold onto a stock for sleep-well-at-night returns rather than trying to second guess what the market is ...

Prior to today's trading, shares of the oil and natural gas transportation and power transmission company had gained 5.3% over the past month. This has outpaced the Oils-Energy sector's loss of 9.19% and the S&P 500's gain of 0.43% in that time. It's also important for investors to be aware of any recent modifications to analyst estimates for Enbridge. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regardi ...

Enbridge (ENB 0.74%) is not an exciting company, but that's actually one of the biggest attractions here. That and an ultra-high dividend yield of around 7.4%. But to really appreciate why you'll be glad you bought this stock in a few years, you need to take a deeper dive into its business and how it returns value to investors over time. Enbridge is, basically, a toll taker. And since oil and natural gas are vital to the world functioning smoothly, demand tends to remain strong even when energy prices are w ...

Throughout the annual two-day event, cyclists will journey up to 200 kilometres around the beautiful Alberta countryside. The Tour is a fun and meaningful way for Albertans to honour those who are facing or have faced cancer—including loved ones, friends, colleagues and neighbours. Whether riding as an individual, as part of a corporate or community team, or participating as a volunteer, there is a place for everyone to make an impact. Enbridge has supported the cancer fundraiser for a number of years, incl ...

The conference call format will include prepared remarks from the executive team, followed by a question and answer session for the analyst and investor community only. Enbridge's media and investor relations teams will be available after the call for any additional questions. Details of the webcast Call: Dial-in (Audio only – please dial in 15 minutes ahead): CALGARY, AB, July 8, 2024 /PRNewswire/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company) will host a conference call and webcast to pr ...

Over the past month, shares of this oil and natural gas transportation and power transmission company have returned +4.1%, compared to the Zacks S&P 500 composite's +2.1% change. During this period, the Zacks Oil and Gas - Production and Pipelines industry, which Enbridge falls in, has gained 4.2%. The key question now is: What could be the stock's future direction? Here at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we belie ...

The energy sector is known for being volatile, given that oil and natural gas are commodities. But there's one niche in the energy sector that tends to be far less volatile -- the midstream. Yet all midstream companies are not created equal. The upstream segment of the energy sector is filled with companies that produce oil and natural gas. Given that the prices of these commodities can fluctuate wildly over time, the revenue that upstream companies bring in is highly volatile. It costs a lot to drill for o ...

If you're on the hunt for high yields, then you'll want to dig into the midstream sector, and these two industry giants are the ones to pick. That's a statement that nobody would expect to hear given the inherent volatility of oil and natural gas prices. The key is that you need to focus your attention on the midstream sector, which operates very differently from energy producers and processors. Here's why Enterprise Products Partners (EPD 0.72%) and Enbridge (ENB 0.84%) are the ultimate place to invest $1, ...

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