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 shares are trading lower after the company announced a C$2.6 billion stock offering of 38.9 million shares priced at C$66.85 per share to fund its purchase of Tallgrass Energy's crude oil transportation business.
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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.