Enbridge Energy L.P. (NYSE:EEP) has an average broker rating of 3.04, which is interpreted as a Hold, as rated by 7 equity analysts. Nonetheless, 1 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 4 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company. 1 considers that the stock is a Sell.
Enbridge Energy L.P. (NYSE:EEP) : The consensus price target for Enbridge Energy L.P. (NYSE:EEP) is $24.5 for the short term with a standard deviation of $6.19. The most optimist securities analyst among the 6 who monitor the stock believes that the stock can reach $33, however, the pessimist price target for the company is $17.
Company shares have received an average consensus rating of Hold for the current week Also, Brokerage firm Credit Suisse maintains its rating on Enbridge Energy L.P. (NYSE:EEP). As per the latest information, the brokerage house raises the price target to $5 per share from a prior target of $23. The shares have been rated Neutral. The rating by the firm was issued on May 3, 2016.
Enbridge Energy L.P. (NYSE:EEP): stock turned positive on Tuesday. Though the stock opened at $22.33, the bulls momentum made the stock top out at $23.11 level for the day. The stock recorded a low of $22.03 and closed the trading day at $22.94, in the green by 6.06%. The total traded volume for the day was 1,325,754. The stock had closed at $21.63 in the previous days trading.
In an insider trading activity, 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 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.