Enbridge stock: buy or sell?
March 27th, 2020
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?Make a decision about when to buy or sell stocks is one of the hardest parts of being a trader or investor. Following a trading plan helps to make decisions easier, quicker and with less hesitations. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.
None of our preferred buy setups matches with Enbridge stock situation right now, hence this is not a suitable entry point.
|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?
Everyday, hundreds of stock ratings are posted by financial analysts to indicate a particular stock's attractiveness.Unfortunately, we couldn't find any rating for ENB stock for the last 30 days.
Enbridge stock analysis
Shares of Enbridge ended yesterday at $27.74 and plummed a scary -6.72%.
Shares of Enbridge ended yesterday at $27.74 and plummed a scary -6.72%. Since price and SMA200d lines crossed down on Mar/9, ENB fell $-10.28 per share (-27.04%). Since SMA100d and SMA200d crossed up on December, ENB price slid a -25.27%. On Feb/13, ENB hit new all time highs, pushing higher previous ATH of $42.34 recorded on February. New ATHs are usual entry points for many trading setups as there aren't higher resistences.
After sliding a frightening -20.68% in a week last week, Enbridge closed this week at $27.74 and boosted a super good 8.23%.
Not so far away is the last all-time high Enbridge marked by mid February, but since then it dropped a 34.73%. Since early March, when ENB stock price broke down the 40-weeks moving avarage line, it slid $-10.28 per share (-27.04%). Trading stocks that are under the 40-weeks (that is, 200-days) moving average line is not recommended by many experts, as it indicates that the stock has not enough institutional support. Since late November 2019 when SMA20w and SMA40w crossed up, ENB price slipped $-8.97 per share (-24.43%).
Enbridge stock price history
Enbridge IPO was on August 9th, 1990 at $0.01 per share1. Since then, ENB stock surged a 277,300.00%, with an average of 9,562.10% per year. If you had invested $1,000 in Enbridge stock in 1990, it would worth $2,773,000.00 today.
1: Adjusted price after possible price splits or reverse-splits.
Enbridge stock historical price chart
ENB stock reached all-time highs on February/13 with a price of $42.50.
Enbridge stock price targetNobody 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. You should not follow the analysts' ENB stock price predictions in the hope that they will be met as they may be wrong and not met. For the last month we have not detected any price target for Enbridge stock by any trusted analyst.
Financials and fundamental analysis
Earnings date and Earnings per Share, Enbridge presented its financial report, posting a good growth for the Earnings per Share (EPS). Experts were expecting $0.45 per share, but Enbridge posted $0.49.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared to 2017, last anual sales report draw a decent growth of 4.51% to $46,378.00 million USD. When comparing 2018 vs 2017, in contrast, profit margin (that is, the net income divided by revenues) stayed stable 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 sales for 2018-Q4, a 1.91% up compared to previous quarter. Reported quarter earnings marked $1,184.00 million 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 revenues to same quarter last year, Enbridge sales marked a dazzling 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 buy a stock, it's worth to overview its ownership structure.
Enbridge shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 0.14% of all shares.
In case of Enbridge stock, 60.64% 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 context understanding, the following table shows ownership data compared to other related companies:
|Market cap||$56.3 B|
|Total shares||2,030.0 M|
|Float shares||2,020.0 M|
|- Institutional holdings (%)||60.6%|
|- Insider holdings (%)||0.1%|
|Shares in short selling||0.0%|
|Friday, March 27th, 2020|
|Day range||$27.59 - $28.87|
|Average true range||$3.48|
|50d mov avg||$36.53|
|100d mov avg||$37.16|
|200d mov avg||$35.23|
Enbridge performancePerformance as an absolute value is never valid if it's not benchmarked against competitors or related stocks in the industry. We compared Enbridge against in the following table:
Enbridge competitorsUnfortunately, we could not find any public company that could be defined as Enbridge competitor. This doesn't mean Enbridge does not have any competitor in the market, it's just we could not detected it.
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