
Enbridge (ENB) Stock Forecast & Price Target
Enbridge (ENB) Analyst Ratings
Bulls say
Enbridge's extensive midstream assets and regulated natural gas utilities position it favorably within the energy sector, supported by projected demand growth in oil and natural gas of 7% and 29%, respectively, from 2019 to 2040 according to the International Energy Agency. The company’s strategy of leveraging joint ventures and minority interests allows it to engage in more projects without significantly increasing capital expenditure, enhancing its overall market participation. Furthermore, as Enbridge aims to stabilize its leverage position by 2025, it is expected to benefit from a diverse range of revenue streams stemming from both traditional hydrocarbon transport and its increasing renewable energy portfolio.
Bears say
The analysis reveals that Enbridge's debt/EBITDA ratio remains at 4.9x as of Q1/25, slightly above its target range of 4.5-5.0x, indicating ongoing leverage concerns despite a marginal improvement from the previous year's 5.0x. Additionally, the firm's earnings per share (EPS) forecasts for 2025 and 2026 have been revised downward to $2.95 and $3.18, respectively, primarily attributable to increased depreciation and interest expenses. The combination of elevated leverage and declining EPS forecasts may contribute to a negative outlook for Enbridge's stock.
This aggregate rating is based on analysts' research of Enbridge and is not a guaranteed prediction by Public.com or investment advice.
Enbridge (ENB) Analyst Forecast & Price Prediction
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