Enbridge stock: buy or sell?

ENB stock price: $27.74 -6.72% At close on March 27th, 2020

Updated on:
March 27th, 2020

2

Enbridge closed yesterday at $27.74 and plummed a scary -6.72%. On Wednesday ENB climbed a dazzling 5.68%.

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.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This is not a selling recommendation at all, just it's not the best moment to buy if you follow any of these trading strategies.

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

Daily outlook

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.

ENB stock chart (daily)

Weekly outlook

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%).

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 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 target

Nobody 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.
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

Compared 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%.

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 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.
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 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:

ENB
Market cap$56.3 B
Total shares2,030.0 M
Float shares2,020.0 M
  - Institutional holdings (%)60.6%
  - Insider holdings (%)0.1%
Shares in short selling0.0%

Enbridge summary

Friday, March 27th, 2020
Open$28.80
Close$27.74
Day range$27.59 - $28.87
Previous close$29.74
Session gain-6.72%
Average true range$3.48
50d mov avg$36.53
100d mov avg$37.16
200d mov avg$35.23
Daily patternlt03a
Weekly pattern

Enbridge performance

Performance 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:
Stock3m6m12m
ENBEnbridge-28.60%-20.06%-17.12%

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