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Analysts’ Opinions Are Mixed on These Energy Stocks: Plains All American (PAA) and Enbridge (ENB)

Tipranks - Tue May 12, 7:08AM CDT

Companies in the Energy sector have received a lot of coverage today as analysts weigh in on Plains All American (PAA) and Enbridge (ENB).

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Plains All American (PAA)

Scotiabank analyst Brandon Bingham maintained a Buy rating on Plains All American today and set a price target of $23.00. The company’s shares closed last Friday at $21.72.

According to TipRanks.com, Bingham is a 5-star analyst with an average return of 17.6% and a 81.2% success rate. Bingham covers the NA sector, focusing on stocks such as Enterprise Products Partners, Venture Global, Inc. Class A, and Energy Transfer. ;'>

Plains All American has an analyst consensus of Moderate Buy, with a price target consensus of $23.11, representing a 3.0% upside. In a report issued on May 4, Seaport Global also maintained a Buy rating on the stock with a $24.00 price target.

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Enbridge (ENB)

In a report released today, Benjamin Pham from BMO Capital maintained a Hold rating on Enbridge, with a price target of C$75.00. The company’s shares closed last Friday at $53.59.

According to TipRanks.com, Pham is a 5-star analyst with an average return of 10.1% and a 69.2% success rate. Pham covers the Utilities sector, focusing on stocks such as Algonquin Power & Utilities, TransAlta, and Fortis. ;'>

Enbridge has an analyst consensus of Moderate Buy, with a price target consensus of $57.13, implying a 5.0% upside from current levels. In a report released yesterday, TipRanks – OpenAI also downgraded the stock to Hold with a C$80.00 price target.

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