Goldman Sachs Upgrades Enbridge Energy Partners L.P. to Neutral with Price Target $24.00

Brokerage firm Goldman Sachs Upgrades its rating on Enbridge Energy Partners L.P.(NYSE:EEP). In a research note issued to the investors, the brokerage major Raises the price-target to $24.00 per share. The shares have been rated Neutral. Previously, the analysts had a Sell rating on the shares. The rating by Goldman Sachs was issued on Sep 19, 2016.

In a different note, FBR Capital said it Initiates Coverage on Enbridge Energy Partners L.P., according to a research note issued on Sep 9, 2016. The shares have been rated ‘Outperform’ by the firm. On Sep 7, 2016, iperJaffray said it Upgrades its rating on Enbridge Energy Partners L.P.. The shares have been rated ‘Overweight’ by the firm. On Aug 1, 2016, Credit Suisse said it Upgrades its rating on Enbridge Energy Partners L.P.. The shares have been rated ‘Outperform’ by the firm. On Jul 29, 2016, UBS said it Maintains its rating on Enbridge Energy Partners L.P.. In the research note, the firm Raises the price-target to $24.00 per share. The shares have been rated ‘Buy’ by the firm. On Jul 27, 2016, JP Morgan said it Maintains its rating on Enbridge Energy Partners L.P.. In the research note, the firm Raises the price-target to $22.00 per share. The shares have been rated ‘Neutral’ by the firm. On Jul 20, 2016, Goldman Sachs said it Downgrades its rating on Enbridge Energy Partners L.P.. In the research note, the firm Lowers the price-target to $21.00 per share. The shares have been rated ‘Sell’ by the firm.

Enbridge Energy Partners L.P. (EEP) made into the market gainers list on Thursdays trading session with the shares advancing 2.00% or 0.49 points. Due to strong positive momentum, the stock ended at $24.95, which is also near the day’s high of $25.03. The stock began the session at $24.65 and the volume stood at 9,19,318 shares. The 52-week high of the shares is $29.99 and the 52 week low is $14.27. The company has a current market capitalization of $10,785 M and it has 43,22,54,580 shares in outstanding.

Enbridge Energy Partners L.P.(EEP) last announced its earnings results on Jul 28, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $1.05B. Analysts had an estimated revenue of $1.06B. Earnings per share were $0.22. Analysts had estimated an EPS of $0.10.

Several Insider Transactions has been reported to the SEC. On Dec 17, 2015, Stephen J Neyland (Vice President – Finance) purchased 1,200 shares at $19.98 per share price.

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 Company’s 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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