Enbridge stock: buy or sell?

ENB stock price: $42.20 0.43% At close on February 14th, 2020

Updated on:
February 14th, 2020

5

After topping to all time highs on Tuesday, Enbridge raised 0.43% on February 14th to $42.20.

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:

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

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

Daily outlook

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.

ENB stock chart (daily)

Weekly outlook

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%).

ENB stock chart (weekly)

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 target

Nobody 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 Share

Enbridge 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.
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

In 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.

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 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.
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 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:

ENB
Market cap$85.2 B
Total shares2,020.0 M
Float shares2,020.0 M
  - Institutional holdings (%)59.7%
  - Insider holdings (%)0.1%
Shares in short selling0.0%

Enbridge summary

Friday, February 14th, 2020
Open$41.51
Close$42.20
Day range$41.28 - $42.25
Previous close$42.02
Session gain0.43%
Average true range$0.58
50d mov avg$39.67
100d mov avg$37.60
200d mov avg$35.56
Daily pattern
Weekly pattern lb01c

Enbridge performance

Performance 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 .
Stock3m6m12m
ENBEnbridge12.11%29.81%26.35%

Enbridge competitors

Unfortunately, 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