Canadian stock alert

CANA

CLOSING UPDATE: Enbridge decreased further 0.1%, led Oil & gas - midstream sector lower 24 July 2017 18:21 EDT

NEWS BITES - NORTH AMERICA

This is an end of day Alert, produced after today's Canadian market close. It concludes the BSS News Bites intra-day Alert series (summaries below).

Enbridge, Canada's largest oil & gas - midstream company by market capitalisation, has decreased 0.4% to trade at CAD52.17 vs. the Oil & gas - midstream sector which weakened 6.9 points (or 0.3%) to 1,959.3. Representing a weighting of about 40.5% of the sector, the stock accounted for 50.7% of today's loss. Trading volume was 51% of average at the end of the day. Compared with the S&P/TSX 60 Index which fell 3.2 points (or 0.4%) in the day, this represented a relative price change of -0.1%.

Fundamental measures by comparison with the sector average [in brackets] indicate:

Overvaluation:

+ Price/Earnings of 24.9 [4.3]

Bearish Signals:

+ Net profit margin has averaged 3.5% in the last 3 years. This suggests the company is less profitable with a low margin of safety.

Note

Enbridge today is at a discount of 10.1% to the 12-month high of CAD58.01 on 08 Sep, 2016. It is at a premium of 5.6% to the 12-month low of CAD49.40 on 27 Jul, 2016.

Bullish Signals:

The positive 0.03 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

The price increased 1.1% in the last week and 1.1% in the last month.

Tobin's Q Ratio is 1. Compared with the rest of the market the stock is undervalued.

The Brand Value represents 4.1% of the estimated Enterprise Value of CAD127.6 billion (US$101.9 billion).

As per the Du Pont analysis, Return on Equity of 9.7% is better than sector average of 3.1%.

Fundamental measures by comparison with the sector average [in brackets] indicate:

Undervaluation:

Dividend yield of 5.4% [4.3%]

Return on Equity 9.7% [3.1%]

Return on Assets 2.7% [1.3%]

Return on Capital Employed 5.5% [4.8%]

TODAY'S ALERT

Afternoon Alert: Enbridge decreases 0.3%, leads Oil & gas - midstream sector lower

24 July 2017 14:52 EDT

Enbridge Inc. (TSX:ENB) has decreased 0.3% to trade at CAD52.24 vs. the Oil & gas - midstream sector which weakened 5.4 points (or 0.3%) to 1,960.8. Representing a weighting of about 40.5% of the sector, the stock accounted for 44.1% of today's loss. Trading volume was 82% of average so far today.

RECENT ALERTS

CLOSING UPDATE: Enbridge increased losses by 0.1%, led Oil & gas - midstream sector lower

21 July 2017 18:19 EDT

Enbridge, Canada's largest oil & gas - midstream company by market capitalisation, has decreased 0.7% to trade at CAD52.40 vs. the Oil & gas - midstream sector which weakened 11.3 points (or 0.6%) to 1,966.2. Representing a weighting of about 40.5% of the sector, the stock accounted for 47.1% of today's loss. Trading volume was 55% of average at the end of the day. Compared with the S&P/TSX 60 Index which fell 4.9 points (or 0.6%) in the day, this represented a relative price change of -0.1%.

Afternoon Alert: Enbridge decreases 0.8%, leads Oil & gas - midstream sector lower

21 July 2017 14:51 EDT

Enbridge Inc. (TSX:ENB) has decreased 0.8% to trade at CAD52.32 vs. the Oil & gas - midstream sector which weakened 14.2 points (or 0.7%) to 1,963.3. Representing a weighting of about 40.5% of the sector, the stock accounted for 45.9% of today's loss.

Enbridge Inc. (T:ENB; TSE:ENB; N:ENB; CN:ENB)

ISIN: CA29250N1050

PermID: 4295860623

CIK: Enbridge Inc.

Source: www.BuySellSignals.com