Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
) pushed the Energy industry lower today making it today's featured Energy laggard. The industry as a whole closed the day up 1.7%. By the end of trading, Enbridge fell $0.74 (-1.8%) to $40.78 on average volume. Throughout the day, 1,392,289 shares of Enbridge exchanged hands as compared to its average daily volume of 1,053,900 shares. The stock ranged in price between $40.75-$41.50 after having opened the day at $41.43 as compared to the previous trading day's close of $41.52. Other companies within the Energy industry that declined today were:
), down 6.9%,
), down 2.8%,
), down 2.8% and
), down 2.5%.
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Enbridge Inc. operates as an energy transportation and distribution company in the United States and Canada. Its Liquids Pipelines segment operates common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals. Enbridge has a market cap of $34.2 billion and is part of the basic materials sector. Shares are down 4.2% year to date as of the close of trading on Wednesday. Currently there are 8 analysts that rate Enbridge a buy, no analysts rate it a sell, and 1 rates it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk, disappointing return on equity and weak operating cash flow.
- You can view the full Enbridge Ratings Report.
On the positive front,
), up 16.1%,
), up 9.9%,
), up 9.0% and
), up 8.4% , were all gainers within the energy industry with
) being today's featured energy industry leader.
- Use our energy section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the energy industry could consider
) while those bearish on the energy industry could consider
- Find other investment ideas from our top rated ETFs lists.