Enbridge stock: buy or sell?
September 20th, 2019
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.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
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.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-9-9||BMO Capital Markets||n/a||n/a|
|2019-7-2||Bank of America||Buy||Neutral|
|2019-6-13||Wolfe Research||Outperform||Peer Perform|
|2019-4-25||Credit Suisse Group||Outperform||Neutral|
|2019-3-5||Bank of America||n/a||Buy|
|2019-3-4||National Bank Financial||Outperform||Sector Perform|
|2019-1-7||Wolfe Research||Market Perform||Outperform|
Enbridge stock analysis
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%).
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%).
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 $57.00How 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:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
Financials and fundamental analysis
Earnings date and Earnings per ShareEnbridge 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.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared 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.
|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 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.
|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 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:
|Market cap||$71.4 B||$132.6 B||$63.8 B||$20.0 B||$21.0 B|
|Total shares||2,020.0 M||3,400.0 M||2,190.0 M||304.5 M||762.8 M|
|Float shares||2,020.0 M||3,320.0 M||1,480.0 M||259.8 M||236.7 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 selling||0.0%||0.0%||0.0%||0.0%||0.0%|
|Friday, September 20th, 2019|
|Day range||$35.22 - $35.52|
|Average true range||$0.45|
|50d mov avg||$33.94|
|100d mov avg||$34.67|
|200d mov avg||$34.25|
Enbridge performancePerformance 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:
Enbridge competitorsOne 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
- 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