Enbridge Inc (ENB) Shares are Up 0.44%

Enbridge Inc (ENB) has been under a strong bear grip, hence the stock is down -2.45% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.01% in the past 1 week. The stock has risen by 0.44% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.02% in the past 4 weeks.

Enbridge Inc (NYSE:ENB): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $41.20 and $41.03 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $41.54. The buying momentum continued till the end and the stock did not give up its gains. It closed at $41.31, notching a gain of 0.05% for the day. The total traded volume was 730,817 . The stock had closed at $41.29 on the previous day.

The stock has recorded a 20-day Moving Average of 1.16% and the 50-Day Moving Average is 0.02%. Enbridge Inc. is up 6.24% in the last 3-month period. Year-to-Date the stock performance stands at 27.3%.

Enbridge Inc (ENB) : 3 investment research analysts covering Enbridge Inc (ENB) have an average price target of $49.12 for the near short term. The highest target price given by the Brokerage Firm to the stock is $60 and the lowest target is $43 for the short term. Analysts expect the variance to be within $9.43 of the average price.


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 Companys natural gas utility operations. Gas Pipelines, Processing and Energy Services segment consists of investments in natural gas pipelines, gathering and processing facilities and the Companys energy services businesses, along with renewable energy and transmission facilities. Sponsored Investments includes the Companys 33.7% economic interest in Enbridge Energy Partners, L.P. (EEP), and Enbridges 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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