Enbridge stock: buy or sell?
February 14th, 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?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 choose your own trading plan that fits your character as inversor. At Stocks2.com, we use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.
These 2 buy setups work for Enbridge stock now:
|New all-time high||Yes|
|New 52 week high||Yes|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is Enbridge stock a buy?
Everyday, hundreds of stock ratings are published by financial analysts to indicate a particular stock's attractiveness.Unfortunately, we couldn't detect any rating for ENB stock for the last 30 days.
Enbridge stock analysis
Enbridge raised 0.43% to $42.20 after reaching all time highs on Tuesday.
After marking all time highs on Tuesday, Enbridge raised 0.43% on Feb 14th to $42.20. Since December when SMA100d and SMA200d crossed up, ENB price gained $4.24 per share (11.17%). On October ENB price bounced up over the SMA of 200 days demonstrating to be a significant support for this stock. On Tuesday, ENB hit a new all time high, pushing higher than on Monday tops. Check different trading setups that use ATHs as triggers.
Enbridge shares touched new all time highs back again this week, setting highs to $42.54. Shares closed at $42.20 and stepped up 1.49% during the week.
Weekly chart tells us that price finally broke over the resistance at $34.87 and continued climbing. Early December, SMA20w and SMA40w crossed up triggering a rise of 12.65%. Since price and SMA40w lines crossed up early October, ENB climbed $8.55 (25.41%).
Enbridge stock price history
Enbridge IPO was on August 9th, 1990 at $0.01 per share1. Since then, ENB stock surged a 421,900.00%, with an average of 14,548.30% per year. If you had invested $1,000 in Enbridge stock in 1990, it would worth $4,219,000.00 today.
1: Adjusted price after possible price splits or reverse-splits.
Enbridge stock historical price chart
ENB stock reached all-time highs on Tuesday with a price of $42.54.
Enbridge stock price targetNobody can reliably foresee how stock prices may evolve in the future. However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. 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 prediction for Enbridge stock by any trusted analyst.
Financials and fundamental analysis
Earnings date and Earnings per ShareEnbridge reported decent results for 2018-Q4 . 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 resultsIn 2018, Enbridge annual turnover inched a nice 4.51% to $46,378.00 million dollars from $44,378.00 marked in 2017. In contrast, its income margin (compared to sales) stayed steady to 6.21%, that is $2,882.00 million.
|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 M in sales for 2018-Q4, a 1.91% up compared to previous quarter. Reported quarter income 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 turnover to same quarter last year, Enbridge sales marked a dazzling gain and rocketed a 12.81%. Looking back to recent quarterly results, Enbridge posted 2 negative 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 always worth to overview its ownership structure.
Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Enbridge, 0.14% of all outstanding shares are owned by its staff.
In case of Enbridge stock, 59.70% 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.
The following table compares ownership indicators for other stocks related to Enbridge:
|Market cap||$85.2 B|
|Total shares||2,020.0 M|
|Float shares||2,020.0 M|
|- Institutional holdings (%)||59.7%|
|- Insider holdings (%)||0.1%|
|Shares in short selling||0.0%|
|Friday, February 14th, 2020|
|Day range||$41.28 - $42.25|
|Average true range||$0.58|
|50d mov avg||$39.67|
|100d mov avg||$37.60|
|200d mov avg||$35.56|
Enbridge performancePerformance as an absolute value is never valid if it's not benchmarked against competitors or related stocks in the industry. For Enbridge, the benchmark is made against .
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