New Pipeline Announcement: ONEOK, WhiteWater, MPLX LP, and Enbridge have announced the Eiger Express Pipeline, a 450-mile pipeline designed to transport natural gas from the Permian Basin in West Texas to the Gulf Coast.
Capacity and Connectivity: The pipeline can transport up to 2.5 billion cubic feet per day of natural gas and will connect to markets in Katy and Corpus Christi, enhancing access to growing demand for electricity generation and LNG exports.
Joint Venture Ownership: The Eiger Express Pipeline is primarily owned by the Matterhorn joint venture (70%), with ONEOK and MPLX each holding a 15% stake, and construction is expected to be completed by mid-2028, pending regulatory approvals.
Strategic Importance: This infrastructure project aims to meet increasing natural gas demand and support energy security, as highlighted by ONEOK's CEO, emphasizing the need for additional transportation capacity from the productive Permian Basin.
ENB
$46.67+Infinity%1D
Analyst Views on ENB
Wall Street analysts forecast ENB stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ENB is 49.58 USD with a low forecast of 47.03 USD and a high forecast of 52.02 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
8 Analyst Rating
Wall Street analysts forecast ENB stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ENB is 49.58 USD with a low forecast of 47.03 USD and a high forecast of 52.02 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Buy
5 Hold
0 Sell
Moderate Buy
Current: 47.680
Low
47.03
Averages
49.58
High
52.02
Current: 47.680
Low
47.03
Averages
49.58
High
52.02
RBC Capital
Maurice Choi
Outperform
maintain
$67 -> $72
2025-11-10
Reason
RBC Capital
Maurice Choi
Price Target
$67 -> $72
2025-11-10
maintain
Outperform
Reason
RBC Capital analyst Maurice Choi raised the firm's price target on Enbridge to C$72 from C$67 and keeps an Outperform rating on the shares. The company delivered another set of financial results that reinforces Enbridge's communicated growth outlooks, and the firm also likes how the projects sanctioned during Q3 highlight the breadth and depth of its backlog of opportunities as well as the management's disciplined approach of allocating capital to projects with competitive risk-adjusted returns, the analyst tells investors in a research note.
Scotiabank
maintain
$69 -> $70
2025-11-10
Reason
Scotiabank
Price Target
$69 -> $70
2025-11-10
maintain
Reason
Scotiabank raised the firm's price target on Enbridge to C$70 from C$69 and keeps a Sector Perform rating on the shares.
National Bank
Patrick Kenny
Sector Perform
maintain
$65 -> $66
2025-11-10
Reason
National Bank
Patrick Kenny
Price Target
$65 -> $66
2025-11-10
maintain
Sector Perform
Reason
National Bank analyst Patrick Kenny raised the firm's price target on Enbridge to C$66 from C$65 and keeps a Sector Perform rating on the shares.
BMO Capital
Market Perform
maintain
$66 -> $67
2025-11-10
Reason
BMO Capital
Price Target
$66 -> $67
2025-11-10
maintain
Market Perform
Reason
BMO Capital raised the firm's price target on Enbridge to C$67 from C$66 and keeps a Market Perform rating on the shares.
About ENB
Enbridge Inc. is an energy transportation and distribution company. The Company's segments include Liquids Pipelines, Gas Transmission, Gas Distribution and Storage, and Renewable Power Generation. Liquids Pipelines consists of pipelines and terminals in Canada and United States that transport and export various grades of crude oil and other liquid hydrocarbons, including the Mainline System, Regional Oil Sands System, Gulf Coast and Mid-Continent, and Other. Gas Transmission consists of its investments in natural gas pipelines and gathering and processing facilities in Canada and United States, including United States Gas Transmission, Canadian Gas Transmission, United States Midstream, and Other. Gas Distribution and Storage consists of its rate-regulated natural gas utility operations in Canada and United States. Renewable Power Generation consists primarily of investments in wind and solar assets, as well as equity interests in geothermal power and power transmission assets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
