Enbridge Inc. ENB was a big mover last session, as the company saw its shares rise nearly 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. The stock picked up sharply from the near-flat trend of $30.97 to $32.60 in the past one-month time frame.
The company has seen one positive estimate revision in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for Enbridge. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Enbridge currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
A better-ranked stock in the Oils-Energy sector is Cheniere Energy Partners LP Holdings, LLC CQH, which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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