Enbridge stock: buy or sell?

ENB stock price: $37.35 -0.48% At close on May 20th, 2019

Updated on:
May 20th, 2019

3

Enbridge ended today at $37.35 and depreciated a lame -0.48%.

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 strategy that fits your character as inversor. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.

Just 1 of our buy setups matches with Enbridge stock now:

Buy setupElegible
New all-time highNo
New 52 week highYes
Price crossing up 200d MANo
100d MA crossing up 200d MANo

Is Enbridge stock a buy?

Banks and financial institutions publish stock ratings everyday. At Stocks2.com, we collected 10 ratings published for ENB stock in the last month.

The general sentiment of these ratings is bullish for ENB stock, with 6 positive ratings.
Is ENB a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-4-9Barclaysn/aOverweight
2019-4-25Credit Suisse GroupOutperformNeutral
2019-3-5Bank of American/aBuy
2019-3-4ScotiabankOutperformSector Perform
2019-3-4National Bank FinancialOutperformSector Perform
2019-2-8UBS GroupBuyNeutral
2019-2-5Evercore ISIn/aOutperform
2019-1-7Wolfe ResearchMarket PerformOutperform
2019-1-24MacquarieOutperformOutperform
2019-1-15CIBCAverageBuy

Enbridge stock analysis

Daily outlook

Shares of Enbridge ended today at $37.35 and depreciated a lame -0.48%.

Shares of Enbridge depreciated a lame -0.48% and closed at $37.35. Since January when ENB stock price broke up the SMA200d line, it gained $6.87 (22.54%). Since SMA50d and SMA100d crossed up on January, ENB price climbed $3.11 per share (9.08%).

ENB stock chart (daily)

Weekly outlook

Enbridge shares slightly fell -0.48% this week, ending at $37.35.

Price pattern shows an uptrend with two rising tops and bottoms, and now finally trading above the $36.75 resistance. Since price and SMA40w lines crossed up late December 2018, ENB climbed $7.67 (25.84%). By mid September 2018, SMA20w and SMA40w crossed up triggering a rise of 16.76%.

ENB stock chart (weekly)

Enbridge stock price history

Enbridge stock went public on August 9th, 1990 with a price of $0.011. Since then, ENB stock surged a 373,400.00%, with a yearly average of 13,335.70%. If you had invested right after ENB's IPO a $1,000 in Enbridge stock in 1990, it would worth $3,734,000.00 today.

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

Enbridge stock historical price chart

ENB stock reached 52-week highs today at $37.60, and all-time highs 2014-12-04 with a price of 42.88.

Enbridge stock price target is $57.00

Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. Currently, only 1 price prediction for Enbridge stock was published in the last month:
ENB stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-1-15CIBCReiteratesn/a$57.00-
(in average)$0.00$57.000.0%

Financials and fundamental analysis

Earnings date and Earnings per Share

Enbridge reported nice results for 2018-Q4 on February. Enbridge gained Earnings per Share (EPS) by 8.90%, beating experts estimates of $0.45. Enbridge posted $0.49.
ENB earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q1-n/a0.62n/a
2017-Q2-n/a0.56n/a
2017-Q3-n/a0.47n/a
2017-Q4-n/a1.91n/a
2018-Q12018-05-100.480.8270.8%
2018-Q22018-08-030.420.6247.6%
2018-Q32018-11-020.420.420.0%
2018-Q42019-02-150.450.498.9%
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a

Annual financial results

Compared to 2017, last anual revenues report draw a beatiful gain of 4.51% to $46,378.00 M USD. When comparing 2018 vs 2017, nevertheless, profit margin (that is, the net income divided by revenues) stayed steady a -0.23% to 6.21%.

ENB annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$33,650 M-$625 M1.9%-
2014$32,391 M-3.74%$1,209 M3.7%93.44%
2015$33,794 M4.33%$251 M0.7%-79.24%
2016$34,560 M2.27%$2,069 M6.0%724.30%
2017$44,378 M28.41%$2,859 M6.4%38.18%
2018$46,378 M4.51%$2,882 M6.2%0.80%

Quarterly financial results

Enbridge posted $11,562.00 M in revenues 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 skyrocketed a 10.21% compared to previous quarter when profit margin was 0.04%. When comparing revenues to same quarter last year, Enbridge sales marked an exceptional increase and climbed a 12.81%. Looking back to recent quarterly results, Enbridge posted 2 positive quarters in a row.
ENB quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q1$10,820 M-$721 M6.7%-
2017-Q2$10,880 M0.55%$1,000 M9.2%38.70%
2017-Q3$7,438 M-31.63%$683 M9.2%-31.72%
2017-Q4$10,249 M37.79%$231 M2.3%-66.11%
2018-Q1$12,726 M24.17%$534 M4.2%130.78%
2018-Q2$10,745 M-15.57%$1,160 M10.8%117.23%
2018-Q3$11,345 M5.58%$4 M0.0%-99.66%
2018-Q4$11,562 M1.91%$1,184 M10.2%29,500.00%

Enbridge ownership

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

Enbridge shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 0.15% of all shares.

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 following table shows ownership data compared to other related companies:

ENBAPCBPEPDHES
Market cap$64.2 B$36.5 B$852.4 B$62.6 B$19.9 B
Total shares1,720.0 M502.1 M20,010.0 M2,190.0 M303.4 M
Float shares2,020.0 M501.0 M3,330.0 M1,480.0 M252.9 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 selling0.0%0.0%0.0%0.0%0.0%

Enbridge summary

Monday, May 20th, 2019
Open$37.57
Close$37.35
Day range$37.14 - $37.60
Previous close$37.53
Session gain-0.48%
Average true range$0.53
50d mov avg$36.27
100d mov avg$35.25
200d mov avg$33.34
Daily pattern
Weekly pattern lb02c

Enbridge performance

Stocks performance is always measured in comparision to the market or competitors and related stocks in the same industry. We picked Anadarko Petroleum, BP p.l.c, Enterprise Products Partners, Hess, Imperial Oil, Pembina Pipeline and TransCanada as the bechmarking frame for Enbridge stock.
Stock3m6m12m
ENBEnbridge2.95%21.54%29.60%
APCAnadarko Petroleu...67.67%42.76%9.84%
BPBP p.l.c1.82%9.96%1.74%
EPDEnterprise Produc...3.33%13.37%9.05%
HESHess14.58%14.92%3.33%
IMOImperial Oil3.10%-11.09%-12.26%
PBAPembina Pipeline0.58%15.08%15.49%
TRPTransCanada10.15%26.34%26.41%

Enbridge competitors

One check before investing in any stock is to have a look a list of its competitors, in this case for Enbridge. We selected 7 companies as Enbridge competitors as they are in the same industry or have similar market objectives.

Latest Enbridge stock news