Enbridge stock: buy or sell?
July 16th, 2019
Enbridge Inc. operates as an energy infrastructure company in Canada and the United States. The company operates in five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution, Green Power and Transmission, and Energy Services.
Should I buy Enbridge 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. That's why is so important to define your own trading plan that fits your character as inversor. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.
Currently, Enbridge stock doesn't match any of these trading strategies, so our recommendation is not to buy.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is Enbridge stock a buy?
Financial institutions and banks publish stock ratings everyday.At Stocks2.com, we collected 12 ratings published for ENB stock in the last 30 days. The general sentiment of these ratings is bullish for ENB stock, with 6 positive ratings.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-7-2||Bank of America||Buy||Neutral|
|2019-6-13||Wolfe Research||Outperform||Peer Perform|
|2019-4-25||Credit Suisse Group||Outperform||Neutral|
|2019-3-5||Bank of America||n/a||Buy|
|2019-3-4||National Bank Financial||Outperform||Sector Perform|
|2019-1-7||Wolfe Research||Market Perform||Outperform|
Enbridge stock analysis
Enbridge shares slightly fell -0.99% to $35.95 today.
Enbridge slightly fell a lame -0.99% and closed at $35.95. From a daily perspective, ENB is in a short term uptrend after plotting its last bottom ($35.78, on July/9) higher than the previous bottom, and its last top ($37.00, on Thursday) also over the previous top. Now trading in between its last bottom and last top ENB might consolidate in a plain range, waiting to break out over $37.00 or down under $35.78. In this session, Enbridge stock crossed down the SMA100d line. If you are using SMA100d line as stop loss trigger, double check your position in this stock.
After climbing for 4 weeks, this week Enbridge decreased an ugly -1.53%, closing at $35.95.
The downtrend marked by ENB has left successive falling peaks and bottoms. If the support holds the price, this might mark a double bottom configuration and create a flat-base to reverse this downtrend. Since late February when SMA20w and SMA40w crossed up, ENB price slipped $-0.33 per share (-0.91%). Since late December 2018 when ENB stock price broke up the SMA40w line, it gained $6.12 (20.52%).
Enbridge stock price history
Enbridge IPO was on March 21st, 1984 at $0.01 per share1. Since then, ENB stock surged a 359,400.00%, with an average of 10,268.60% per year. If you had invested $1,000 in Enbridge stock in 1984, it would worth $3,594,000.00 today.
1: Adjusted price after possible price splits or reverse-splits.
Enbridge stock historical price chart
ENB stock reached 52-week highs on May at $38.04, and all-time highs 2014-12-04 with a price of 45.96.
Enbridge stock price target is $57.00How much a stock will be priced tomorrow or next week is quite unpredictable 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 month we only found 1 price prediction for Enbridge stock:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
Financials and fundamental analysis
Earnings date and Earnings per ShareOn February, Enbridge presented its financial report, posting a fine climb for the Earnings per Share (EPS) ratio. Analyst were expecting $0.45 per share, but Enbridge posted $0.49.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsIn 2018, Enbridge annual turnover grew a decent 4.51% to $46,378.00 million USD from $44,378.00 marked in 2017. When comparing 2018 vs 2017, in contrary, profit margin (that is, the net income divided by revenues) remained constant a -0.23% to 6.21%.
|2013||$33,650 M||-||$625 M1.9%||-|
|2014||$32,391 M||-3.74%||$1,209 M3.7%||93.44%|
|2015||$33,794 M||4.33%||$251 M0.7%||-79.24%|
|2016||$34,560 M||2.27%||$2,069 M6.0%||724.30%|
|2017||$44,378 M||28.41%||$2,859 M6.4%||38.18%|
|2018||$46,378 M||4.51%||$2,882 M6.2%||0.80%|
Quarterly financial resultsEnbridge reported $11,562.00 million in sales for 2018-Q4, a 1.91% improvement compared to previous quarter. Reported quarter earnings marked $1,184.00 M with a profit margin of 10.24%. Profit margin boosted a 10.21% compared to previous quarter when profit margin was 0.04%. When comparing sales to same quarter last year, Enbridge sales marked a super good gain and rocketed a 12.81%. Looking back to recent quarterly results, Enbridge posted 2 positive quarters in a row.
|2017-Q1||$10,820 M||-||$721 M6.7%||-|
|2017-Q2||$10,880 M||0.55%||$1,000 M9.2%||38.70%|
|2017-Q3||$7,438 M||-31.63%||$683 M9.2%||-31.72%|
|2017-Q4||$10,249 M||37.79%||$231 M2.3%||-66.11%|
|2018-Q1||$12,726 M||24.17%||$534 M4.2%||130.78%|
|2018-Q2||$10,745 M||-15.57%||$1,160 M10.8%||117.23%|
|2018-Q3||$11,345 M||5.58%||$4 M0.0%||-99.66%|
|2018-Q4||$11,562 M||1.91%||$1,184 M10.2%||29,500.00%|
Enbridge ownershipWhen you are planning to invest in a company, it's worth to review its ownership structure.
Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Enbridge, 0.15% of all outstanding shares are owned by its staff.
In case of Enbridge stock, 59.65% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for ENB stock account 0.00%, no big difference from last month.
For a better understanding, the next table shows ownership data compared to other related companies:
|Market cap||$72.6 B||$36.7 B||$136.7 B||$66.4 B||$18.9 B|
|Total shares||2,020.0 M||501.9 M||3,400.0 M||2,190.0 M||303.4 M|
|Float shares||2,020.0 M||500.7 M||3,310.0 M||1,480.0 M||253.0 M|
|- Institutional holdings (%)||59.7%||88.5%||11.3%||37.6%||92.4%|
|- Insider holdings (%)||0.1%||0.3%||0.0%||32.1%||11.8%|
|Shares in short selling||0.0%||0.0%||0.0%||0.0%||0.0%|
|Tuesday, July 16th, 2019|
|Day range||$35.72 - $36.23|
|Average true range||$0.49|
|50d mov avg||$36.00|
|100d mov avg||$36.06|
|200d mov avg||$34.13|
Enbridge performanceTo measure stock performance is always good to benchmark with competitors or related stocks. For Enbridge, the benchmark is made against Anadarko Petroleum, BP p.l.c, Enterprise Products Partners, Hess, Imperial Oil and Pembina Pipeline.
Enbridge competitorsOne check before investing in any stock is to have a look a list of its competitors, in this case for Enbridge. We picked 6 companies as Enbridge competitors as they are in the same industry or have similar market objectives.
- Anadarko Petroleum (APC)
- BP p.l.c (BP)
- Enterprise Products Partners (EPD)
- Hess (HES)
- Imperial Oil (IMO)
- Pembina Pipeline (PBA)
Latest Enbridge stock news
- Seeking AlphaEnbridge Series 5: The Highest Yielding Investment Grade Preferred Stock Is A Strong BuyApril 24, 2019
- Seeking AlphaEnbridge: A Strong Prospect For Long-Term InvestorsApril 24, 2019
- Seeking AlphaEnbridge: Higher Prices On The WayApril 11, 2019
- Seeking AlphaEnbridge Is Growing Cash Flows 50% In 2019February 25, 2019
- Seeking AlphaFinancial Exchange Stock Talk: Lyn Alden Schwartzer On Enbridge And Micron TechnologyFebruary 6, 2019