ENB Should I Buy
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Enbridge Inc. (ENB) is not a strong buy at the moment for a beginner investor seeking long-term growth. While the company has a stable dividend history and a diversified business model, its recent financial performance and analyst downgrades suggest limited growth potential in the near term. The technical indicators show an overbought condition, and there are no strong proprietary trading signals to support an immediate buy decision.
The MACD is positive and expanding, indicating bullish momentum. The RSI is at 85.812, signaling an overbought condition. Moving averages are bullish (SMA_5 > SMA_20 > SMA_200). Key resistance levels are R1: 51.736 and R2: 52.731, with support at S1: 48.516 and S2: 47.521. The stock is trading near resistance levels, suggesting limited upside in the short term.
Enbridge announced a 3% dividend increase for 2026, marking its 31st consecutive increase.
The company reaffirmed its 2026 financial guidance, projecting Adjusted EBITDA between $20.2 billion and $20.8 billion.
Scotiabank upgraded the stock to Outperform, citing attractive deals in the natural gas pipeline and utility businesses.
JPMorgan downgraded the stock to Neutral, citing below-peer growth prospects in the crude oil segment and Venezuelan oil supply risks.
Financial performance in Q3 2025 showed significant declines in revenue (-1.92% YoY), net income (-47.25% YoY), and EPS (-47.46% YoY).
The stock is overbought based on RSI, indicating potential for a pullback.
In Q3 2025, revenue dropped to $14.639 billion (-1.92% YoY), net income dropped to $682 million (-47.25% YoY), and EPS dropped to $0.31 (-47.46% YoY). Gross margin slightly decreased to 31.19 (-0.22% YoY). The company expects flat EBITDA for Q4 2025.
Recent analyst ratings are mixed. JPMorgan downgraded the stock to Neutral with a lower price target of C$69, citing growth challenges. However, Scotiabank upgraded the stock to Outperform with a price target of C$73, highlighting attractive growth opportunities in the natural gas and utility segments.
