Enbridge Energy L.P. (NYSE:EEP) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 3.04 by 7 Brokerage Firm. 1 Wall Street Firms have rated the stock as a strong buys. 4 Brokerage Firms have advised hold. 1 Analysts have rated it as strong sell. A sell rating was given by 1 analyst.
Other Equity analysts have also commented on the company shares. In the latest statement by the brokerage house, Credit Suisse maintains its outlook on Enbridge Energy L.P. (NYSE:EEP). The current rating of the shares is Neutral, according to the research report released by the firm. The brokerage firm raises the price target from $23 per share to $5 per share. The rating by the firm was issued on May 3, 2016.
Enbridge Energy L.P. (NYSE:EEP): The mean short term price target for Enbridge Energy L.P. (NYSE:EEP) has been established at $24.5 per share. The higher price target estimate is at $33 and the lower price target estimate is expected at $17 according to 6 Analyst. The stock price is expected to vary based on the estimate which is suggested by the standard deviation value of $6.19
Enbridge Energy L.P. (NYSE:EEP) rose 3.21% or 0.71 points on Tuesday and made its way into the gainers of the day. After trading began at $22 the stock was seen hitting $22.9 as a peak level and $21.9 as the lowest level. The stock ended up at $22.8. The daily volume was measured at 812,502 shares. The 52-week high of the share price is $37.09 and the 52-week low is $14.27. The company has a market cap of $9,808 million.
Shares of Enbridge Energy Partners, L.P. rose by 4.44% in the last five trading days and 3.5% for the last 4 weeks. Enbridge Energy Partners, L.P. is up 28.4% in the last 3-month period. Year-to-Date the stock performance stands at 5.08%.
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.