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Analysts Offer Insights on Energy Companies: Enbridge (ENB) and Baker Hughes Company (BKR)

Companies in the Energy sector have received a lot of coverage today as analysts weigh in on Enbridge (ENBResearch Report) and Baker Hughes Company (BKRResearch Report).

Enbridge (ENB)

In a report issued on February 9, Praneeth Satish from Wells Fargo maintained a Sell rating on Enbridge, with a price target of C$43.00. The company’s shares closed last Friday at $34.23.

Satish has an average return of 5.5% when recommending Enbridge.

According to TipRanks.com, Satish is ranked #1522 out of 8712 analysts.

Currently, the analyst consensus on Enbridge is a Hold with an average price target of $38.29.

See Insiders’ Hot Stocks on TipRanks >>

Baker Hughes Company (BKR)

In a report released today, Saurabh Pant from Bank of America Securities reiterated a Buy rating on Baker Hughes Company, with a price target of $37.50. The company’s shares closed last Friday at $29.06.

According to TipRanks.com, Pant is a 1-star analyst with an average return of -3.6% and a 34.4% success rate. Pant covers the NA sector, focusing on stocks such as Liberty Oilfield Services, Helmerich & Payne, and Halliburton.

Baker Hughes Company has an analyst consensus of Strong Buy, with a price target consensus of $40.68, which is a 38.8% upside from current levels. In a report issued on January 31, RBC Capital also maintained a Buy rating on the stock with a $39.00 price target.

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