What Will Happen to Enbridge Inc (USA) Next? The Stock Just Had Huge Bearish Options Activity

 What Will Happen to Enbridge Inc (USA) Next? The Stock Just Had Huge Bearish Options Activity

In today’s session Enbridge Inc (USA) (ENB) recorded an unusually high (861) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the April, 2017 put, expecting serious ENB decrease. With 861 contracts traded and 354 open interest for the Apr, 17 contract, it seems this is a quite bearish bet. The option with symbol: ENB170421P00032500 closed last at: $0.9 or 33.3% down. About 198,238 shares traded hands. Enbridge Inc (USA) (NYSE:ENB) has risen 2.55% since April 20, 2016 and is uptrending. It has underperformed by 2.00% the S&P500.

Enbridge Inc (USA) (NYSE:ENB) Ratings Coverage

Out of 10 analysts covering Enbridge Inc. (NYSE:ENB), 6 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 60% are positive. Enbridge Inc. has been the topic of 13 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The firm earned “Outperform” rating on Friday, October 23 by BMO Capital Markets. The company was initiated on Tuesday, December 15 by JP Morgan. The company was downgraded on Monday, July 18 by National Bank Canada. The stock has “Neutral” rating given by Goldman Sachs on Wednesday, July 20. The stock of Enbridge Inc (USA) (NYSE:ENB) earned “Neutral” rating by Credit Suisse on Tuesday, March 8. The stock of Enbridge Inc (USA) (NYSE:ENB) has “Outperform” rating given on Wednesday, March 2 by BMO Capital Markets. The company was initiated on Thursday, September 1 by Bank of America. The firm has “Neutral” rating by Credit Suisse given on Thursday, February 4. RBC Capital Markets maintained the shares of ENB in a report on Friday, October 9 with “Outperform” rating. On Monday, March 7 the stock rating was initiated by Canaccord Genuity with “Buy”.

According to Zacks Investment Research, “Enbridge Inc., a Canadian company, is a leader in energy transportation and distribution in North America and internationally. As a transporter of energy, Enbridge operates, in Canada and the United States, the world’s longest crude oil and liquids pipeline system. The Company also has international operations and a growing involvement in the natural gas transmission and midstream businesses. As a distributor of energy, Enbridge owns and operates Canada’s largest natural gas distribution company, and provides distribution services in Ontario, Quebec, New Brunswick and New York State.”

Enbridge Inc. is an energy transportation and distribution company. The company has a market cap of $40.94 billion. The Firm operates through five divisions: Liquids Pipelines; Gas Distribution; Gas Pipelines, Processing and Energy Services; Sponsored Investments, and Corporate. It has a 28.72 P/E ratio. The Firm operates the crude oil and liquids transportation system in Canada and the United States.

ENB Company Profile

Enbridge Inc. (Enbridge), incorporated on December 15, 1987, is an energy transportation and distribution company. The Firm operates through five divisions: Liquids Pipelines; Gas Distribution; Gas Pipelines, Processing and Energy Services; Sponsored Investments, and Corporate. The Firm operates the crude oil and liquids transportation system in Canada and the United States. The Firm is also involved in natural gas gathering, transmission and midstream businesses. It provides natural gas distribution services in Ontario, Quebec, New Brunswick and New York State. As a generator of energy, Enbridge has interests in over 2,200 megawatts (MW) of renewable and alternative energy generating capacity and is involved in holding its interests in wind, solar and geothermal power.

More notable recent Enbridge Inc (USA) (NYSE:ENB) news were published by: Fool.ca which released: “Is Enbridge Inc. Becoming Too Complex for Investors?” on September 26, 2016, also Fool.ca with their article: “Enbridge Inc.: Should You Buy This Stock?” published on October 10, 2016, Fool.ca published: “Enbridge Inc. Just Completed a Massive Deal” on September 08, 2016. More interesting news about Enbridge Inc (USA) (NYSE:ENB) were released by: Fool.ca and their article: “Is Enbridge Inc. Still Worth Buying?” published on September 17, 2016 as well as Fool.ca‘s news article titled: “Dividend Investors: Should You Buy BCE Inc. or Enbridge Inc. Today?” with publication date: November 17, 2016.

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