13 Best Oil and Gas Storage Stocks to Buy According to Hedge Funds

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10. Enbridge Incorporated (NYSE:ENB)

Number of Hedge Fund Holders: 26

Enbridge Incorporated (NYSE:ENB) is one of the 13 best oil and gas storage stocks to buy according to hedge funds.

As of February 26 closing, consensus sentiment for Enbridge Incorporated (NYSE:ENB) was moderately bullish. The stock received coverage from 14 analysts, 6 of whom assigned Buy ratings and 8 gave Hold calls. With no Sell rating, it has a projected median 1-year price target of $55.19.

On February 17, Ben Pham from BMO Capital reiterated his Market Perform rating on Enbridge Incorporated (NYSE:ENB). The analyst also increased the firm’s price target on the stock from C$70 to C$75, offering nearly 5% upside to investors.

On February 17, Scotiabank analyst Robert Hope also raised the firm’s price target on Enbridge Incorporated (NYSE:ENB) from C$73 to C$77. The analyst reaffirmed an Outperform rating on the shares, with a revised upside potential of almost 8% at the current level.

Enbridge Incorporated (NYSE:ENB) is an energy infrastructure company that operates a crude oil and liquids pipeline system that is considered to be amongst the most complex ones in the world. It operates pipelines and terminals for the transportation and storage of crude oil and other liquid hydrocarbons. The company also offers commodity marketing and logistics solutions.

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