Enbridge stock: buy or sell?

ENB stock price: $35.34 0.40% At close on September 20th, 2019

Updated on:
September 20th, 2019

4

Enbridge appreciated a slightly good 0.40% and closed at $35.34.

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?

Trading stocks requires experience and discipline, and your buying and selling decisions must come following a methodology. That's why is so important to choose your own trading strategy that matches with your character as inversor. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.

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?

Everyday, hundreds of stock ratings are posted by financial analysts to indicate a particular stock's attractiveness. At Stocks2.com, we detected 13 ratings published for ENB stock in the last month.

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
2019-9-9BMO Capital Marketsn/an/a
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

Shares of Enbridge appreciated a slightly good 0.40% and closed at $35.34.

Enbridge closed today at $35.34 and appreciated a slightly good 0.40%. For the last 15 days when ENB stock price broke up the SMA200d line, it gained $1.68 (4.99%).

ENB stock chart (daily)

Weekly outlook

Enbridge closed this week at $35.34 and appreciated a tiny 1.26%. For 4 weeks in a row, price soared and marked a profit of 8.12%.

Since price and SMA40w lines crossed up last week, ENB climbed $1.00 (2.91%).

ENB stock chart (weekly)

Enbridge stock price history

Enbridge IPO was on August 9th, 1990 at $0.01 per share1. Since then, ENB stock grew a 353,300.00%, with a yearly average of 12,182.80%. If you had invested right after ENB's IPO a $1,000 in Enbridge stock in 1990, it would worth $3,533,000.00 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 $37.42, and all-time highs 2014-12-04 with a price of 42.18.

Enbridge stock price target is $57.00

How much a stock will be priced tomorrow or next week is quite unpredictable However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. Currently, only 1 price forecast for Enbridge stock was posted in the last month:
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

Enbridge presented beatiful results for 2018-Q4 on February. Enbridge inched Earnings per Share (EPS) by 8.90%, beating analysts 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

Compared to 2017, last anual revenues report draw a good growth of 4.51% to $46,378.00 million USD. In contrary, its profit margin (compared to revenues) stayed stable 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 million in revenues for 2018-Q4, a 1.91% improvement compared to previous quarter. Reported quarter income marked $1,184.00 M with a profit margin of 10.24%. Profit margin rocketed a 10.21% compared to previous quarter when profit margin was 0.04%. When comparing sales to same quarter last year, Enbridge sales marked an exceptional gain and skyrocketed 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 buy shares of a stock, 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.

The following table compares ownership indicators for other stocks related to Enbridge:

ENBBPEPDHESIMO
Market cap$71.4 B$132.6 B$63.8 B$20.0 B$21.0 B
Total shares2,020.0 M3,400.0 M2,190.0 M304.5 M762.8 M
Float shares2,020.0 M3,320.0 M1,480.0 M259.8 M236.7 M
  - Institutional holdings (%)59.7%11.3%37.6%92.4%20.6%
  - Insider holdings (%)0.1%0.0%32.1%11.8%69.9%
Shares in short selling0.0%0.0%0.0%0.0%0.0%

Enbridge summary

Friday, September 20th, 2019
Open$35.30
Close$35.34
Day range$35.22 - $35.52
Previous close$35.20
Session gain0.40%
Average true range$0.45
50d mov avg$33.94
100d mov avg$34.67
200d mov avg$34.25
Daily pattern
Weekly pattern lb06a

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 BP p.l.c, Enterprise Products Partners, Hess, Imperial Oil and Pembina Pipeline in the following table:
Stock3m6m12m
ENBEnbridge2.17%0.11%10.96%
BPBP p.l.c-6.61%-8.47%-7.32%
EPDEnterprise Produc...1.43%3.12%6.44%
HESHess7.58%12.55%-5.37%
IMOImperial Oil-0.43%2.84%-10.56%
PBAPembina Pipeline2.91%4.23%18.57%

Enbridge competitors

One check before investing in any stock is to review a list of its competitors, in this case for Enbridge. We picked 5 companies as Enbridge competitors as they are in the same industry or have similar market objectives.

Latest Enbridge stock news