Canadian stock alert

CANA

CLOSING UPDATE: Enbridge recovers losses by 0.2%, led market lower 18 October 2017 18:16 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 dropped 2.6% to trade at CAD50.42 vs. the S&P/TSX 60 Index which weakened 2.0 points (or 0.2%) to 931.9. Representing a weighting of about 5.1% of the index, the stock accounted for 59.0% of today's loss. Trading volume was 81% of average at the end of the day. Compared with the S&P/TSX 60 Index which fell 2.0 points (or 0.2%) in the day, this represented a relative price change of -2.4%.

Technical indicators complementing today's significant downtrend:

+ In the last three months the stock has hit a new 52-week low once.

+ The price dropped 3.0% in the last week.

Other Bearish Signals include:

+ 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 12.0% to the 12-month high of CAD57.30 on 19 Oct, 2016. It is at a premium of 2.9% to the 12-month low of CAD48.98 on 08 Sep, 2017.

Bullish Signals:

The positive 0.23 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

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

The Brand Value represents 4.2% of the estimated Enterprise Value of CAD125.1 billion (US$100.3 billion).

As per the Du Pont analysis, Return on Equity of 9.7% is better than sector average of 4.7%.

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

Undervaluation:

Dividend yield of 5.8% [4.6%]

Return on Equity 9.7% [4.7%]

Return on Assets 2.7% [1.2%]

Return on Capital Employed 5.5% [4.8%]

TODAY'S ALERTS

Afternoon Alert: Enbridge drops 2.7%, leads market lower

18 October 2017 14:44 EDT

Enbridge Inc. (TSX:ENB) has dropped 2.7% to trade at CAD50.33 vs. the S&P/TSX 60 Index which weakened 0.9 points (or 0.1%) to 933.0. Representing a weighting of about 5.0% of the index, the stock accounted for the loss. The shares have underperformed 85% of the market in the past week. Trading volume was 1.8 times average so far today.

Afternoon Alert: Enbridge decreases 1.9%, leads Oil & gas - midstream sector lower

18 October 2017 12:16 EDT

Enbridge Inc. (TSX:ENB) has decreased 1.9% to trade at CAD50.76 vs. the Oil & gas - midstream sector which weakened 31.5 points (or 1.6%) to 1,963.5. Representing a weighting of about 39.4% of the sector, the stock accounted for 47.7% of today's loss. The shares have underperformed 81% of the market in the past week. Trading volume was 1.6 times average so far today.

RECENT ALERTS

CLOSING UPDATE: Enbridge decreases 0.5%, led Oil & gas - midstream sector lower all day

17 October 2017 18:16 EDT

Enbridge, Canada's largest oil & gas - midstream company by market capitalisation, has decreased 0.5% to trade at CAD51.75 vs. the Oil & gas - midstream sector which weakened 4.5 points (or 0.2%) to 1,995.0. Representing a weighting of about 39.5% of the sector, the stock accounted for 89.8% of today's loss. Trading volume was 56% of average at the end of the day. Compared with the S&P/TSX 60 Index which rose 1.7 points (or 0.2%) in the day, this represented a relative price change of -0.7%.

Afternoon Alert: Enbridge decreases 0.5%, leads Oil & gas - midstream sector lower

17 October 2017 14:43 EDT

Enbridge Inc. (TSX:ENB) has decreased 0.5% to trade at CAD51.75 vs. the Oil & gas - midstream sector which weakened 5.8 points (or 0.3%) to 1,993.6. Representing a weighting of about 39.6% of the sector, the stock accounted for 68.2% of today's loss. Trading volume was 1.4 times average so far today.

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

ISIN: CA29250N1050

PermID: 4295860623

CIK: Enbridge Inc.

Source: www.BuySellSignals.com