Analyst Price Target Update on Enbridge Energy L.P. (NYSE:EEP)

Enbridge Energy L.P. (NYSE:EEP) shares are expected to touch $24.5 in the short term. This short term price target has been shared by 6 analysts. However, the standard deviation of short term price estimate has been valued at 6.19. The target price could hit $33 on the higher end and $17 on the lower end.

Many analysts have stated their opinion on the company shares. In a research note released to the investors, Credit Suisse maintains its rating on Enbridge Energy L.P. (NYSE:EEP).The analysts at the brokerage house have a current rating of Neutral on the shares. In a recent information released to the investors, Credit Suisse raises the new price target from $23 per share to $5 per share. The rating by the firm was issued on May 3, 2016. Company shares have received an average consensus rating of Hold for the current week

On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Vice President – Finance) of Enbridge Energy Partners Lp, Neyland Stephen J, had purchased 1,200 shares in a transaction dated on December 17, 2015. The transaction was executed at $19.98 per share with total amount equaling $23,976.

Enbridge Energy L.P. (NYSE:EEP) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.45 points or 1.99% at $22.15 with 1,258,828 shares getting traded. Post opening the session at $22.34, the shares hit an intraday low of $21.86 and an intraday high of $22.495 and the price was in this range throughout the day. The company has a market cap of $9,528 million and the number of outstanding shares have been calculated to be 430,160,320 shares. The 52-week high of Enbridge Energy L.P. (NYSE:EEP) is $37.09 and the 52-week low is $14.27.

Enbridge Energy Partners, L.P. (the Partnership) is a limited partnership that owns and operates crude oil and liquid petroleum transportation and storage assets, and natural gas gathering, treating, processing, transportation and marketing assets in the United States of America. The Companys activities include Interstate pipeline transportation and storage of crude oil and liquid petroleum, and gathering, treating, processing and transportation of natural gas and natural gas liquids (NGLs), through pipelines and related facilities and supply, transportation and sales services, including purchasing and selling natural gas and NGLs. It operates in two segments: Liquids and Natural Gas. The Liquids segment includes the operations of its Lakehead, North Dakota and Mid-Continent crude oil systems. The natural gas business includes natural gas and NGL gathering and transportation pipeline systems, natural gas processing and treating facilities and NGL fractionation facilities.

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