Barclays Assumes Enbridge Inc (USA) to Overweight

Brokerage firm Barclays Assumes its rating on Enbridge Inc (USA)(NYSE:ENB). The shares have been rated Overweight. The rating by Barclays was issued on Apr 12, 2016.

In a different note, On Mar 8, 2016, Credit Suisse said it Reinstates its rating on Enbridge Inc (USA). The shares have been rated ‘Neutral’ by the firm. Canaccord Genuity said it Initiates Coverage on Enbridge Inc (USA), according to a research note issued on Mar 7, 2016. The shares have been rated ‘Buy’ by the firm. On Mar 2, 2016, BMO Capital said it Assumes its rating on Enbridge Inc (USA). The shares have been rated ‘Outperform’ by the firm. On Mar 2, 2016, JP Morgan said it Maintains its rating on Enbridge Inc (USA). In the research note, the firm Lowers the price-target to $65.00 per share. The shares have been rated ‘Overweight’ by the firm. On Feb 4, 2016, Credit Suisse said it Downgrades its rating on Enbridge Inc (USA). In the research note, the firm Lowers the price-target to $70.00 per share. The shares have been rated ‘Neutral’ by the firm.

Enbridge Inc (USA) (ENB) shares turned negative on Fridays trading session with the shares closing down -0.06 points or -0.15% at a volume of 12,10,822. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $40.53. The peak price level was also seen at $40.53 while the days lowest was $39.9756. Finally the shares closed at $40.51. The 52-week high of the shares is $54.43 while the 52-week low is $27.425. According to the latest information available, the market cap of the company is $37,618 M.

Enbridge Inc (USA)(ENB) last announced its earnings results on Feb 19, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $6.51B. Analysts had an estimated revenue of $10.12B. Earnings per share were $0.42. Analysts had estimated an EPS of $0.52.

Enbridge Inc. (Enbridge) is an energy transportation and distribution company. The Company operates in five segments: Liquids Pipelines; Gas Distribution; Gas Pipelines Processing and Energy Services; Sponsored Investments and Corporate. Liquids Pipelines segment owns and operates crude oil and other liquid hydrocarbons pipelines and terminals. Gas Distribution consists of the Company’s natural gas utility operations. Gas Pipelines Processing and Energy Services segment consists of investments in natural gas pipelines gathering and processing facilities and the Company’s energy services businesses along with renewable energy and transmission facilities. Sponsored Investments includes the Company’s 33.7% economic interest in Enbridge Energy Partners L.P. (EEP) and Enbridge’s interests in both the Eastern Access and Lakehead System Mainline expansion projects held through Enbridge Energy Limited Partnership (EELP). The Corporate segment includes an investment in Noverco Inc.

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