Enbridge stock: buy or sell?
May 20th, 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 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:
|New all-time high||No|
|New 52 week high||Yes|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
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.
|Date||Analyst / Broker||Previous rating||Current rating|
|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
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%).
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%.
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 $57.00Predicting 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:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
Financials and fundamental analysis
Earnings date and Earnings per ShareEnbridge 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.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared 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%.
|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 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.
|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 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:
|Market cap||$64.2 B||$36.5 B||$852.4 B||$62.6 B||$19.9 B|
|Total shares||1,720.0 M||502.1 M||20,010.0 M||2,190.0 M||303.4 M|
|Float shares||2,020.0 M||501.0 M||3,330.0 M||1,480.0 M||252.9 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 selling||0.0%||0.0%||0.0%||0.0%||0.0%|
|Monday, May 20th, 2019|
|Day range||$37.14 - $37.60|
|Average true range||$0.53|
|50d mov avg||$36.27|
|100d mov avg||$35.25|
|200d mov avg||$33.34|
Enbridge performanceStocks 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.
Enbridge competitorsOne 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.
- Anadarko Petroleum (APC)
- BP p.l.c (BP)
- Enterprise Products Partners (EPD)
- Hess (HES)
- Imperial Oil (IMO)
- Pembina Pipeline (PBA)
- TransCanada (TRP)
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