Posted 12/20/2023, 10:45:21 PM
Enbridge Stock Drops Slightly But Outperforms Broader Market Over Past Month Despite Expected Revenue Decline
- Enbridge (ENB) stock fell more than the broader market recently, dropping 1.59% vs S&P 500's 1.47% loss
- Enbridge stock is up 6.08% over the past month, outperforming its sector and S&P 500
- Earnings and revenue for Enbridge are expected to decline year-over-year in the upcoming report
- Enbridge currently has a Zacks Rank of #3 (Hold) and a premium Forward P/E ratio of 17.78
- The Oil and Gas - Production and Pipelines industry ranks in the top 20% of Zacks industries, suggesting strong potential