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 gained 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. Trading strategies are meant for helping you in the decision process of what stocks to choose and when is the best moment to buy them. 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 is not a selling recommendation at all, just it's not the best moment to buy if you follow any of these trading strategies.

Is Enbridge Energy stock a buy?

Everyday, hundreds of stock ratings are posted by financial analysts to indicate a particular stock's attractiveness. Unfortunately, we couldn't detect any rating for EEP stock for the last 30 days.

EEP stock analysis

Daily outlook

Enbridge Energy gained a fine 1.56% and closed at $10.43.

Enbridge Energy shares gained 1.56% to $10.43 on December. 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. Since last November when EEP stock price broke down the SMA100d line, it slid $-0.77 per share (-6.88%).

EEP stock chart (daily)

Weekly outlook

Shares of Enbridge Energy closed this week at $10.43 and fell a godawful -3.60%.

Enbridge Energy is in a clear downtrend, marking successive declining tops and bottoms. Now is trading in between the - range. There is a chance to rebound and reverse this situation if price can hold above the level. By mid December 2018, Enbridge Energy stock crossed down the significant level of the 40-weeks moving average. Trading stocks that are under the 40-weeks (that is, 200-days) moving average mark is not recommended by many experts, as it indicates that the stock has not enough institutional support. Far behind is the all-time high Enbridge Energy marked 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 declined 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

Nobody can reliably foresee how stock prices may evolve in the future. However, many stock price predictions are published every day by banks, financial institutions and independent analysts. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. For the last 30 days we have not detected any price target for Enbridge Energy stock by any trusted analyst.

Financials and fundamental analysis

Earnings date and Earnings per Share

On November, Enbridge Energy presented its financial report, posting a beatiful gain for the Earnings per Share (EPS). Experts 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 sales report draw a bloodcurdling decrease of -45.83% to $2,428.00 million USD. In contrary, its profit margin (compared to sales) climbed to 11.61%, that is $282.00 million.

Enbridge Energy presents anual results in December, and to compare its evolution since then, we estimate annual sales and income figures by adding results from the last 4 quarters. This is called TTM (or Twelve Trailing Months). So, Enbridge Energy TTM sales up to September 2018 were $2,300.00 and income $267.00 M USD. When comparing this TTM figures with the last reported annuality, we can review Enbridge Energy business evolution since December 2017: Annual sales up to September, compared to lastest yearly report, slipped a fateful -5.27%. However, profit margin (net income/sales) stayed constant at 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 reported $560.00 M in sales for 2018-Q3, a 4.28% improvement compared to previous quarter. Reported quarter income marked $104.00 million with a profit margin of 18.57%. Profit margin remained 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 drop down and dropped 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 a company, it's always worth to review its ownership structure.

Enbridge Energy shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a of all shares.

The following table compares ownership indicators for other stocks related to Enbridge Energy:

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

To measure stock performance is always good to compare with competitors or related stocks. We picked as the bechmarking frame for Enbridge Energy stock.
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.