Wall Street's Most Accurate Analysts Weigh In On 3 Energy Stocks With Over 6% Dividend Yields
Analyst ratings cover three high-yield energy stocks: NAT (12.9%), NOG (7.49%) and ENB (6.08%), with mixed outlooks.
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Enbridge Announces Bought Deal Offering Of 38.9M Common Shares At CDN$66.85/Share For Gross Proceeds Of CDN$2.6B; Expects Close On Or About September 14
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Enbridge (ENB) Stock Sinks As Market Gains: Here's Why
Enbridge (ENB) closed down 1.09% while the broader market gained, underperforming the S&P 500. The company is forecasted to report EPS of $0.38 (up 15.15% YoY) but revenue is expected to decline 0.3% QoQ. With a Zacks Rank of #3 (Hold) and trading at a premium valuation (Forward P/E of 23.02 vs. industry average of 19.24), the stock presents a mixed outlook.