Enbridge stock: buy or sell?

ENB stock price: $35.95 -0.99% At close on July 16th, 2019

Updated on:
July 16th, 2019

2

Shares of Enbridge slightly fell a lame -0.99% and closed at $35.95. With Tuesday it's been 3 red days in a row.

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 plan that fits your character as inversor. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.

Currently, Enbridge stock doesn't match any of these trading strategies, so our recommendation is not to buy.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This doesn't mean ENB will fall in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.

Is Enbridge stock a buy?

Financial institutions and banks publish stock ratings everyday. At Stocks2.com, we collected 12 ratings published for ENB stock in the last 30 days.

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
2019-7-2Bank of AmericaBuyNeutral
2019-6-13Wolfe ResearchOutperformPeer Perform
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

Enbridge shares slightly fell -0.99% to $35.95 today.

Enbridge slightly fell a lame -0.99% and closed at $35.95. From a daily perspective, ENB is in a short term uptrend after plotting its last bottom ($35.78, on July/9) higher than the previous bottom, and its last top ($37.00, on Thursday) also over the previous top. Now trading in between its last bottom and last top ENB might consolidate in a plain range, waiting to break out over $37.00 or down under $35.78. In this session, Enbridge stock crossed down the SMA100d line. If you are using SMA100d line as stop loss trigger, double check your position in this stock.

ENB stock chart (daily)

Weekly outlook

After climbing for 4 weeks, this week Enbridge decreased an ugly -1.53%, closing at $35.95.

The downtrend marked by ENB has left successive falling peaks and bottoms. If the support holds the price, this might mark a double bottom configuration and create a flat-base to reverse this downtrend. Since late February when SMA20w and SMA40w crossed up, ENB price slipped $-0.33 per share (-0.91%). Since late December 2018 when ENB stock price broke up the SMA40w line, it gained $6.12 (20.52%).

ENB stock chart (weekly)

Enbridge stock price history

Enbridge IPO was on March 21st, 1984 at $0.01 per share1. Since then, ENB stock surged a 359,400.00%, with an average of 10,268.60% per year. If you had invested $1,000 in Enbridge stock in 1984, it would worth $3,594,000.00 today.

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

Enbridge stock historical price chart

ENB stock reached 52-week highs on May at $38.04, and all-time highs 2014-12-04 with a price of 45.96.

Enbridge stock price target is $57.00

How much a stock will be priced tomorrow or next week is quite unpredictable However, many stock price predictions are published every day by banks, financial institutions and independent analysts. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. For the last month we only found 1 price prediction for Enbridge stock:
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

On February, Enbridge presented its financial report, posting a fine climb for the Earnings per Share (EPS) ratio. Analyst were expecting $0.45 per share, but 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 grew a decent 4.51% to $46,378.00 million USD from $44,378.00 marked in 2017. When comparing 2018 vs 2017, in contrary, profit margin (that is, the net income divided by revenues) remained constant 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 reported $11,562.00 million in sales 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 boosted a 10.21% compared to previous quarter when profit margin was 0.04%. When comparing sales to same quarter last year, Enbridge sales marked a super good gain and rocketed 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 company, it's worth to review its ownership structure.

Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Enbridge, 0.15% of all outstanding shares are owned by its staff.

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 next table shows ownership data compared to other related companies:

ENBAPCBPEPDHES
Market cap$72.6 B$36.7 B$136.7 B$66.4 B$18.9 B
Total shares2,020.0 M501.9 M3,400.0 M2,190.0 M303.4 M
Float shares2,020.0 M500.7 M3,310.0 M1,480.0 M253.0 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

Tuesday, July 16th, 2019
Open$36.21
Close$35.95
Day range$35.72 - $36.23
Previous close$36.31
Session gain-0.99%
Average true range$0.49
50d mov avg$36.00
100d mov avg$36.06
200d mov avg$34.13
Daily patternlt06a
Weekly pattern lt02a

Enbridge performance

To measure stock performance is always good to benchmark with competitors or related stocks. For Enbridge, the benchmark is made against Anadarko Petroleum, BP p.l.c, Enterprise Products Partners, Hess, Imperial Oil and Pembina Pipeline.
Stock3m6m12m
ENBEnbridge-1.37%3.19%9.87%
APCAnadarko Petroleu...14.33%51.82%5.18%
BPBP p.l.c-8.09%1.54%-4.40%
EPDEnterprise Produc...6.65%13.60%12.34%
HESHess-5.20%18.74%-1.22%
IMOImperial Oil-2.43%3.03%-10.33%
PBAPembina Pipeline4.06%15.57%16.63%

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 picked 6 companies as Enbridge competitors as they are in the same industry or have similar market objectives.

Latest Enbridge stock news