Enbridge Energy L.P. (EEP) : Zacks Investment Research ranks Enbridge Energy L.P. (EEP) as 2, which is a Buy recommendation. 1 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 5 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 8 research analysts is 3.04, which indicates as a Hold.
Enbridge Energy L.P. (EEP) : Currently there are 7 street experts covering Enbridge Energy L.P. (EEP) stock. The most bullish and bearish price target for the stock is $33 and $20 respectively for the short term. The average price target of all the analysts comes to $25.29. The estimated standard deviation from the target is $4.92.
Company shares have received an average consensus rating of Hold for the current week Enbridge Energy L.P. (NYSE:EEP): The stock opened at $24.77 on Thursday but the bulls could not build on the opening and the stock topped out at $24.77 for the day. The stock traded down to $24.40 during the day, due to lack of any buying support eventually closed down at $24.47 with a loss of -0.20% for the day. The stock had closed at $24.52 on the previous day. The total traded volume was 986,179 shares.
In a related news, Neyland Stephen J, officer (Vice President – Finance) of Enbridge Energy Partners Lp, executed a transaction worth $23,976 on December 17, 2015. A total of 1,200 shares were purchased at an average price of $19.98. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
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.