Endo International plc ENDPQ Stock Price, Quote & News

Enbridge believes the deal is a win for shareholders, but investors didn’t react favorably, sending the stock down 5.9% to a two-year low. The sell-off pole-vaulted Enbridge’s dividend yield to 7.9%, making it an intriguing high-yield dividend stock. Let’s look at https://1investing.in/ the impact of the deal, what it means for Enbridge, and if the stock is worth buying now. The deal makes Enbridge North America’s largest natural gas utility franchise. Style is an investment factor that has a meaningful impact on investment risk and returns.

• High-growth stocks tend to represent the technology, healthcare, and communications sectors.
• ENDP’s beta can be found in Trading Information at the top of this page.
• Upgrade to MarketBeat All Access to add more stocks to your watchlist.
• More natural gas exports means more natural gas production and thus, more pipelines.
• But without a doubt, as you see population growth and you see sustainability and you see the need for that consumer choice, we’re going to do all of those things.
• But companies built out so much infrastructure in the 2010s that there hasn’t been as much opportunity for growth aside from assets related to natural gas exports.

They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends. Enbridge claims that this valuation is a good deal and that it is on the short list of companies that could even afford a deal of this size. But all because a large company can do a deal doesn’t mean it should, especially at the expense of its balance sheet.

(Delayed Data from NSDQ)

At least that’s how the dynamic played out historically. But companies built out so much infrastructure in the 2010s that there hasn’t been as much opportunity for growth aside from assets related to natural gas exports. Additionally, many midstream companies have a lot of debt, making them particularly sensitive to interest rate changes.

And given how far the stock has fallen and how out of favor the midstream industry is, now looks like a great time to take a closer look at Enbridge. Part of the reason Enbridge has underperformed the midstream industry as a whole may be due to its concentration in Canada. Enbridge, TC Energy, and Pembina Pipeline — three Canadian pipeline giants, have drastically underperformed their peers over the last three years. Canada doesn’t have the oil and natural gas export infrastructure that the U.S. has. And Canada’s liquefied natural gas (LNG) industry has been largely stalled compared to a booming U.S.

Time to Upgrade!

LNG industry, which supports infrastructure investments. More natural gas exports means more natural gas production and thus, more pipelines. Canada also has an aggressive goal to reduce emissions by 40% to 45% relative to 2005 levels by 2030 and then achieve net-zero emissions by 2050. Betting big on LNG is a step in the wrong direction toward achieving that goal.

Enbridge moves about 20% of all natural gas consumed in the U.S. and serves around 15% of U.S. So assuming Enbridge is just a Canadian pipeline player and overlooking its U.S. assets would be a mistake. The future of natural gas is through North America and exports. But without a doubt, as you see population growth and you see sustainability and you see the need for that consumer choice, we’re going to do all of those things.

Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data. Morningstar analysts hand-select direct competitors or comparable companies to
provide context on the strength and durability of ENDP’s
competitive advantage. The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries.

XMEX: ENDP

You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.

Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. The company has a leading position in Alberta and British Columbia (B.C.). But the export hub just hasn’t really taken off yet after many Canadian LNG projects were shelved during the COVID-19 pandemic. Below are the latest news stories about ENDO INTERNATIONAL PLC that investors may wish to consider to help them evaluate ENDP as an investment opportunity. /PRNewswire/ — SK Biopharmaceuticals, Co., Ltd. announced that Health Canada has accepted Paladin Labs Inc.’s filing of a New Drug Submission (NDS) for… Click the link below and we’ll send you MarketBeat’s guide to investing in electric vehicle technologies (EV) and which EV stocks show the most promise.

About ENDPQ

Volatility profiles based on trailing-three-year calculations of the standard deviation of service investment returns. To see all exchange delays and terms of use, please see disclaimer. The pharmaceutical company, which filed for Chapter 11 bankruptcy protection, had the 320,000-square-foot complex built a decade ago. © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed.

Style is calculated by combining value and growth scores, which are first individually calculated. The Barchart Technical Opinion widget shows you today’s overally Barchart Opinion with general information on how to interpret the short and longer term signals. Unique to Barchart.com, Opinions analyzes a stock or commodity using 13 popular analytics in short-, medium- and long-term periods. Results are interpreted as buy, sell or hold signals, each with numeric ratings and summarized with an overall percentage buy or sell rating. After each calculation the program assigns a Buy, Sell, or Hold value with the study, depending on where the price lies in reference to the common interpretation of the study. For example, a price above its moving average is generally considered an upward trend or a buy.

Enbridge is taking a contrarian approach to the energy transition. But at least for now, the economy runs on oil and gas. Enbridge is providing essential services and getting good deals on its acquisitions. difference between villa and bungalow Due to fixed contracts and less dependence on oil and gas prices, the midstream industry typically outperforms the broader energy sector during downturns and underperforms it during growth cycles.

All told, Enbridge’s strategy is going against Canada’s emission-reduction targets. And buying Enbridge stock is a bet on the sustained relevance of oil and natural gas. The good news is that Enbridge isn’t an expensive stock. And it has the cash flow and balance sheet to support dividend raises.

To see all exchange delays and terms of use please see Barchart’s disclaimer. ENDP’s beta can be found in Trading Information at the top of this page. A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.32% per year. These returns cover a period from January 1, 1988 through July 31, 2023. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

Upgrade to MarketBeat All Access to add more stocks to your watchlist. One share of ENDP stock can currently be purchased for approximately $0.01. 25 employees have rated Endo International Chief Executive Officer Paul Campanelli on Glassdoor.com. Paul Campanelli has an approval rating of 86% among the company’s employees. We’d like to share more about how we work and what drives our day-to-day business.

Dominion Energy, a utility, is shifting its focus away from fossil fuel assets toward renewable energy. It is aggressively investing in offshore wind to produce electricity from renewable energy. In 2020, it sold several oil and gas assets to Warren Buffett’s Berkshire Hathaway (BRK.A 0.10%) (BRK.B 0.01%) Energy for a bargain-bin price.

Sign-up to receive the latest news and ratings for Endo International and its competitors with MarketBeat’s FREE daily newsletter. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply. Compare
ENDP’s historical performance
against its industry peers and the overall market. The scores are based on the trading styles of Value, Growth, and Momentum. There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score.

Endo International (ENDP) stock is taking a beating on Wednesday after the company filed for bankruptcy protection and revealed an RSA. Highlights important summary options statistics to provide a forward looking indication of investors’ sentiment. Provides a general description of the business conducted by this company.