EEP stock: buy or sell?

EEP stock price: $10.43 1.56% At close on December 19th, 2018

Updated on:
December 19th, 2018

2

Enbridge Energy shares appreciated 1.56% to $10.43 on December.

Enbridge Energy Partners, L.P. provides crude oil and liquid petroleum gathering, transportation, and storage services assets in the United States.

Should I buy EEP stock?

You can't be a successful trader if you don't follow a methodolgy or system that assist you in choosing companies and the correct market timing. Having a trading strategy helps to make decisions easier, quicker and with less hesitations. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.

None of our preferred buy setups matches with Enbridge Energy stock situation right now, therefore this is not a suitable entry point.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This doesn't mean EEP will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.

Is Enbridge Energy stock a buy?

Banks and financial institutions publish stock ratings everyday. Unfortunately, we couldn't detect any rating for EEP stock for the last month.

EEP stock analysis

Daily outlook

Enbridge Energy shares appreciated 1.56% to $10.43 on December.

Shares of Enbridge Energy closed on December at $10.43 and appreciated a beatiful 1.56%. EEP marked a lower low and a lower high in the short term, defining a downward trend. Climbing above $10.89 would break this short term down trend and open possibilities for reversing this situation. When EEP stock price broke down the SMA100d line, it slid $-0.77 per share (-6.88%).

EEP stock chart (daily)

Weekly outlook

Enbridge Energy shares dropped -3.60% by mid December 2018, ending at $10.43.

The downtrend marked by EEP has left successive falling tops and bottoms. If the support holds the price, this might mark a double bottom pattern and create a flat-base to reverse this downtrend. By mid December 2018, Enbridge Energy stock lost the significant level of the 40-weeks moving average. Stocks below the 40w moving average line are usually not recommended for average traders. Far behind is the all-time high Enbridge Energy recorded by mid March 2018 and since then the price is -21.28% below that top.

EEP stock chart (weekly)

EEP stock price history

EEP IPO was on March 5th, 2018 at $12.37 per share1. Since then, EEP stock lost a -15.70%, with a yearly average of -15.70%.

1: Adjusted price after possible price splits or reverse-splits.

EEP stock historical price chart

EEP stock reached all-time highs with a price of $13.25.

EEP stock price target

Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, many stock price predictions are published every day by banks, financial institutions and independent analysts. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. For the last 30 days we have not found any price forecast for Enbridge Energy stock by any trusted analyst.

Financials and fundamental analysis

Earnings date and Earnings per Share

, Enbridge Energy presented its financial report, posting a nice growth for the Earnings per Share (EPS). Analyst were expecting $0.17 per share, but Enbridge Energy posted $0.19. Enbridge Energy is reporting earnings for 2018-Q4 on February, with an expected Earnings per Share (EPS) of $0.20.
EEP earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2016-Q4-n/a0.03n/a
2017-Q1-n/a0.17n/a
2017-Q2-n/a0.21n/a
2017-Q32017-11-020.240.240.0%
2017-Q42018-02-150.20.2630.0%
2018-Q12018-05-090.20.2525.0%
2018-Q22018-08-020.140.157.1%
2018-Q32018-11-010.170.1911.8%
2018-Q42019-02-150.2n/an/a
2019-Q1-n/an/an/a

Annual financial results

Compared to 2016, last anual turnover report draw a dreadful loss of -45.83% to $2,428.00 million USD. Nevertheless, its income margin (compared to sales) climbed to 11.61%, that is $282.00 million.

To have an updated picture of the financial situation of Enbridge Energy, we have calculated the trailing twelve month (TTM) sales and income figures. TTM values are the sum of the last 4 quarters and aproximate to an annual fiscal report ending in 2018-Q3 that can be compared to 2017 fiscal year results. Annual Enbridge Energy TTM sales up to September 2018 were $2,300.00 and income was $267.00 million dollars. If we compare this TTM figures with the last reported annuality, we can esteem Enbridge Energy business evolution since December 2017: Annual turnover up to September, compared to lastest yearly report, eased a tragic -5.27%. Regarding profit margin, Enbridge Energy stayed stable -0.01% to 11.61%

EEP annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$7,120 M-$-55.30 M-0.8%-
2014$7,965 M11.86%$477 M6.0%-962.03%
2015$5,146 M-35.39%$233 M4.5%-51.08%
2016$4,482 M-12.91%$-67.70 M-1.5%-129.03%
2017$2,428 M-45.83%$282 M11.6%-516.54%
TTM $2,300 M-5.27%$267 M11.6%-5.32%

Quarterly financial results

Enbridge Energy posted $560.00 million in revenues for 2018-Q3, a 4.28% up compared to previous quarter. Reported quarter income marked $104.00 million with a profit margin of 18.57%. Profit margin stayed stable a 0.88% compared to previous quarter when profit margin was 17.69%. When comparing revenues to same quarter last year, Enbridge Energy sales marked a godawful correction and fell a -9.15%.
EEP quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2016-Q4$1,250 M-$48 M3.8%-
2017-Q1$1,180 M-5.60%$78 M6.6%62.08%
2017-Q2$595 M-49.57%$130 M21.8%66.97%
2017-Q3$616 M3.58%$93 M15.1%-28.33%
2017-Q4$611 M-0.88%$-6 M-1.0%-106.44%
2018-Q1$592 M-3.11%$74 M12.5%-1,333.33%
2018-Q2$537 M-9.29%$95 M17.7%28.38%
2018-Q3$560 M4.28%$104 M18.6%9.47%

Enbridge Energy ownership

When you are planning to invest in shares of a stock, it's always worth to have a look its ownership structure.

Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Enbridge Energy, of all outstanding shares are owned by its staff.

For a better context understanding, the next table shows ownership data compared to other related companies:

EEP
Market cap$0.0 M
Total shares0.0 M
Float shares0.0 M
  - Institutional holdings (%)0.0%
  - Insider holdings (%)0.0%
Shares in short selling0.0%

EEP summary

Wednesday, December 19th, 2018
Open$10.29
Close$10.43
Day range$10.29 - $10.66
Previous close$10.27
Session gain1.56%
Average true range$0.32
50d mov avg$10.79
100d mov avg$11.09
200d mov avg$0.00
Daily patternlb06a
Weekly pattern lt02a

Enbridge Energy performance

Stocks performance is always measured in comparision to the market or competitors and related stocks in the same industry. For Enbridge Energy, the benchmark is made against .
Stock3m6m12m
EEPEnbridge Energy-10.09%3.57%0.00%

Enbridge Energy competitors

Unfortunately, we could not find any public company that could be defined as Enbridge Energy competitor. This doesn't mean Enbridge Energy does not have any competitor in the market, it's just we could not detected it.