Enbridge Energy L.P. (EEP) Receives Analyst Rating

Enbridge Energy L.P. (EEP) : Zacks Investment Research ranks Enbridge Energy L.P. (EEP) as 3, which is a Hold recommendation. 3 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. A total of 3 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 7 research analysts is 2.29, which indicates as a Buy.

Enbridge Energy L.P. (EEP) : 6 Wall Street analysts covering Enbridge Energy L.P. (EEP) believe that the average level the stock could reach for the short term is $26.33. The maximum price target given is $31 and the minimum target for short term is around $20, hence the standard deviation is calculated at $4.8.


Also, FBR Capital initiates coverage on Enbridge Energy L.P. (NYSE:EEP) In a research note issued to the investors, the brokerage major announces price-target of $31 per share.The shares have been rated Outperform. The rating by the firm was issued on September 9, 2016.

Enbridge Energy L.P. (NYSE:EEP): The stock opened in the green at $24 on Thursday, but the bulls found it difficult to push the prices higher. The stock reached a high of $24.17 and a low of $23.69 for the day. The stock did not find buyers even at the lows and closed at $23.94 recording a loss of -0.29%. 743,412 shares exchanged hands during the trading day. The stock had closed at $24.01 in the previous days trading.

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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