Not a good buy right now for an impatient entry: price is extended (RSI 75) and sitting near resistance (50.42), which skews the near-term risk/reward to the downside.
Trend is bullish longer-term (stacked SMAs + positive MACD), so ENB is more of a “buy on pullback” setup than a chase here.
Options positioning is bullish (very low put/call ratios), but today’s options activity is light versus typical levels—more like steady optimism than a fresh risk-on surge.
Near-term catalyst risk is the upcoming earnings (QDEC 2025 on 2026-02-13 pre-market); without a discount entry, it’s not an attractive “buy now” for a rushed trade.
Technical Analysis
Trend: Bullish structure with SMA_5 > SMA_20 > SMA_200, confirming an ongoing uptrend.
Momentum: MACD histogram +0.274 and expanding → upside momentum still present.
Overbought/Stretch: RSI_6 at ~75 suggests the move is overheated and vulnerable to a quick mean-reversion pullback.
Levels: Pivot 48.61; resistance R2 ~50.42 (current ~50.12 is close); support S1 ~47.50.
Short-horizon odds (pattern-based): next week bias is negative (-2.09%), reinforcing “don’t chase near resistance.”
SwingMax: Entry signal triggered on 2026-01-14; price is +7.33% since. This is now a later-stage swing (less attractive for a fresh entry versus buying closer to support/pivot).
Options Data
Bullish
Open Interest Put-Call Ratio
Bullish
Option Volume Put-Call Ratio
Sentiment: Put/call ratios are very low → call-heavy positioning (bullish skew).
Activity: Total options volume today ~732, about 38% of the 30-day average → not a high-conviction “chase” day.
Volatility: 30D IV ~18.88 vs HV ~17.83 (slight premium). IV percentile ~58 (mid-range), IV rank ~9.7 (low vs its own recent range) → options aren’t pricing extreme fear.
Technical Summary
Sell
4
Buy
9
Positive Catalysts
News sentiment is broadly positive/constructive: ENB repeatedly highlighted as a conservative, fee-based midstream income play with a ~5.6% yield and a 30-year dividend growth streak.
Growth narrative support: commentary points to distributable cash flow growth guidance (~3% in 2026, up to ~5% thereafter).
Project/backlog angle from analysts: Scotiabank cites ~$12B of projects secured in 2025 and continued deal flow in gas/utility businesses.
Wall Street upside case: capacity/expansion confidence for the mainline crude system (per Scotiabank/RBC).
Neutral/Negative Catalysts
on 2026-02-13 pre-market can reset expectations quickly.
Financial Performance
Latest reported quarter: 2025/Q3.
Revenue: 14.639B, down 1.92% YoY → slightly negative top-line trend.
Profitability: Net income 682M, down 47.25% YoY.
EPS: 0.31, down 47.46% YoY.
Gross margin: 31.19%, down 0.22% YoY → margins roughly stable but earnings performance weakened materially YoY.
Takeaway: fundamentals in the latest quarter look soft on YoY earnings, which reduces the appeal of buying at a technically extended level.
Growth
Profitability
Efficiency
Analyst Ratings and Price Target Trends
Recent direction: mixed.
Bullish changes: Scotiabank upgraded to Outperform (C$73 PT, up from C$70); RBC reiterated Outperform and raised PT to C$72.
Bearish/tempering change: JPMorgan downgraded to Neutral (PT cut to C$69 from C$74), citing crude segment growth concerns and Venezuelan supply risk.
Wall Street analysts forecast ENB stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for ENB is 49.75 USD with a low forecast of 44.63 USD and a high forecast of 51.83 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
11 Analyst Rating
Wall Street analysts forecast ENB stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for ENB is 49.75 USD with a low forecast of 44.63 USD and a high forecast of 51.83 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
5 Buy
6 Hold
0 Sell
Moderate Buy
Current: 50.490
Low
44.63
Averages
49.75
High
51.83
Current: 50.490
Low
44.63
Averages
49.75
High
51.83
JPMorgan
Overweight -> Neutral
downgrade
$74 -> $69
AI Analysis
2026-01-27
Reason
JPMorgan
Price Target
$74 -> $69
AI Analysis
2026-01-27
downgrade
Overweight -> Neutral
Reason
JPMorgan downgraded Enbridge to Neutral from Overweight with a price target of C$69, down from C$74. The company's crude oil segment, which accounts for roughly 50% of its EBITDA, faced below-peer growth prospects even before the Venezuelan competitive threat emerged, the analyst tells investors in a research note. JPMorgan believes Enbridge's per share growth will be "increasingly difficult over time" amid Venezuelan oil supply risk.
Scotiabank
Sector Perform -> Outperform
upgrade
$73
2026-01-16
Reason
Scotiabank
Price Target
$73
2026-01-16
upgrade
Sector Perform -> Outperform
Reason
Scotiabank upgraded Enbridge to Outperform from Sector Perform with a C$73 price target.
Unlock Full Analyst Thesis， Get the complete breakdown of rating reason for ENB
