Enbridge Stock News

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The market is roiling from Russia's invasion, soaring inflation, surging commodity prices, rising interest rates, and a tightening Fed. Fortunately, anyone who can stay calm, rational, and disciplined

Enbridge (ENB) closed at $43.92 in the latest trading session, marking a -1.21% move from the prior day.

A challenging macro environment continued to roil markets last week with the S&P 500 dropping 2.4% and the Nasdaq dropping 3.6%. Inflation remained persistently high, rising 7.9% in February , WTI crude briefly touched $130 per barrel earlier in the week (Brent went even higher touching $140 per barrel) and the war in Ukraine shows no signs of abating. The humanitarian toll this unnecessary war is creating is painful to watch. Millions have lost their homes, evacuation corridors have come under shelling and the economic damage this conflict will cause is likely to be widespread. Given the hit to supply from sanctions on Russia, domestic crude producers like Continental Resources (NYSE: CLR ) and Diamondback Energy (NASDAQ: FANG ) are uniquely positioned to benefit from higher WTI crude prices. Other companies in the energy complex including transportation companies (pipelines) like Enbridge (NYSE: ENB ) and Enterprise Product Partners (NYSE: EPD ), service companies like Baker Hughes (NASDAQ: BKR ) and Halliburton (NYSE: HAL ) and downstream refiners like Marathon Petroleum (NYSE: MPC ) and Valero Energy (NYSE: VLO ) are also going to benefit from higher oil prices.

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Here''s why Enbridge (TSX:ENB)(NYSE:ENB) and SmartCentres REIT (TSX:SRU.UN) are two top-tier dividend stocks to consider now. The post 2 Dividend Stocks to Buy and Forget About for the Long Term appeared first on The Motley Fool Canada .

These companies went to great lengths to make sure they can stand strong during a market storm.

These companies went to great lengths to make sure they can stand strong during a market storm.

Top dividend stocks like Fortis Inc. (TSX:FTS)(NYSE:FTS) and Enbridge Inc. (TSX:ENB)(NYSE:ENB) are perfect for an RRSP. The post RRSP Investors: 3 Dividend Stocks to Own Forever appeared first on The Motley Fool Canada .

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Enbridge Inc with ticker code (ENB) have now 9 analysts in total covering the stock. The consensus rating is ''Buy''. The target price ranges between 47.18 and 41.71 with the average target price sitting at 44.94. Given that the stocks previous close was at 44.24 this would imply there is a potential upside of 1.6%. The 50 day MA is 41.52 and the 200 day MA is 40.21. The company has a market capitalisation of $89,454m. Company Website: https://www.enbridge.com [stock_market_widget type="chart" template="basic" color="green" assets=ENB" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $90,870m based on the market concensus. Enbridge operates as an energy infrastructure company. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. The Liquids Pipelines segment operates pipelines and related terminals to transport various grades of crude oil and other liquid hydrocarbons in Canada and the United States.