Enbridge Stock Falls On Unusually High Volume (ENB)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Enbridge (NYSE: ENB) is trading at unusually high volume Wednesday with 1.6 million shares changing hands. It is currently at two times its average daily volume and trading down $1.74 (-3.8%) at $44.30 as of 3:35 p.m. ET.

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Enbridge has a market cap of $38 billion and is part of the basic materials sector and energy industry. Shares are up 6.3% year to date as of the close of trading on Tuesday.

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. The company has a P/E ratio of 63.4, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Enbridge as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and increase in net income. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, generally higher debt management risk and disappointing return on equity. You can view the full Enbridge Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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