Key Highlights:
- Enbridge is partnering with Energy Transfer to explore increased pipeline capacity from Illinois to the Gulf Coast.
- Analysts provide a mixed outlook with a "Hold" consensus and a modest price target.
- GuruFocus estimates suggest a potential downside based on the GF Value metric.
Strategic Expansion: Enbridge's Southern Illinois Connector
Enbridge Inc. (ENB, Financial) is actively collaborating with Energy Transfer to gauge market interest in boosting pipeline capacity from Illinois to the U.S. Gulf Coast. This initiative, known as the Southern Illinois Connector project, is poised to transport up to 200,000 barrels per day through enhanced infrastructure. The project is currently in its open season for potential shipper commitments, which will be ongoing until July 18.
Wall Street Analysts Forecast
The one-year price targets offered by eight analysts for Enbridge Inc. (ENB, Financial) present a diverse outlook. The average target price stands at $45.45, with projections ranging from a high of $49.46 to a low of $40.01. This average target implies a minor upside potential of 0.80% from the current trading price of $45.09. Investors seeking further data can explore the Enbridge Inc (ENB) Forecast page.
In terms of brokerage consensus, 14 firms have placed Enbridge Inc. at an average recommendation score of 2.6, which aligns with a "Hold" status. This rating scale is based from 1 to 5, where 1 signifies a "Strong Buy," and 5 indicates a "Sell."
Assessing Value: GuruFocus Insights
According to GuruFocus' estimates, the estimated GF Value for Enbridge Inc. over the next year is $40.47. This suggestive figure indicates a potential downside of 10.25% from the current price of $45.0899. It is worth noting that GF Value represents GuruFocus' determination of what the stock should fairly be traded at, based on historical multiples, past business growth, and predicted future performance. For more detailed insights, visit the Enbridge Inc (ENB, Financial) Summary page.
