Trade-Ideas LLC identified

Enbridge

(

ENB

) as a pre-market mover with heavy volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Enbridge as such a stock due to the following factors:

  • ENB has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $49.9 million.
  • ENB traded 218,960 shares today in the pre-market hours as of 9:03 AM, representing 13.5% of its average daily volume.

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More details on ENB:

Enbridge Inc. operates as an energy transportation and distribution company in the United States and Canada. Its Liquids Pipelines segment operates common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals. The stock currently has a dividend yield of 5%. ENB has a PE ratio of 32. Currently there are 2 analysts that rate Enbridge a buy, no analysts rate it a sell, and 1 rates it a hold.

The average volume for Enbridge has been 2.0 million shares per day over the past 30 days. Enbridge has a market cap of $27.6 billion and is part of the basic materials sector and energy industry. The stock has a beta of 0.76 and a short float of 0.1% with 6.47 days to cover. Shares are down 6.5% year-to-date as of the close of trading on Tuesday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Enbridge as a

sell

. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally high debt management risk, disappointing return on equity, generally disappointing historical performance in the stock itself and poor profit margins.

Highlights from the ratings report include:

  • The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Oil, Gas & Consumable Fuels industry. The net income has significantly decreased by 3735.7% when compared to the same quarter one year ago, falling from -$14.00 million to -$537.00 million.
  • The debt-to-equity ratio is very high at 2.26 and currently higher than the industry average, implying increased risk associated with the management of debt levels within the company.
  • Current return on equity is lower than its ROE from the same quarter one year prior. This is a clear sign of weakness within the company. Compared to other companies in the Oil, Gas & Consumable Fuels industry and the overall market on the basis of return on equity, ENBRIDGE INC underperformed against that of the industry average and is significantly less than that of the S&P 500.
  • Despite any intermediate fluctuations, we have only bad news to report on this stock's performance over the last year: it has tumbled by 35.31%, worse than the S&P 500's performance. Consistent with the plunge in the stock price, the company's earnings per share are down 620.00% compared to the year-earlier quarter. Turning toward the future, the fact that the stock has come down in price over the past year should not necessarily be interpreted as a negative; it could be one of the factors that may help make the stock attractive down the road. Right now, however, we believe that it is too soon to buy.
  • The gross profit margin for ENBRIDGE INC is currently extremely low, coming in at 10.19%. Regardless of ENB's low profit margin, it has managed to increase from the same period last year. Despite the mixed results of the gross profit margin, the net profit margin of -6.45% trails the industry average.

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