Short Term Rating on Enbridge Energy L.P. (EEP)

Enbridge Energy L.P. (EEP) : 7 analysts are covering Enbridge Energy L.P. (EEP) and their average rating on the stock is 3.04, which is read as a Hold. 1 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. 1 more analyst has given the stock a Sell recommendation. A total of 4 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Enbridge Energy L.P. (EEP) : Currently there are 6 street experts covering Enbridge Energy L.P. (EEP) stock. The most bullish and bearish price target for the stock is $33 and $17 respectively for the short term. The average price target of all the analysts comes to $24.5. The estimated standard deviation from the target is $6.19.

Company shares have received an average consensus rating of Hold for the current week


Enbridge Energy L.P. (NYSE:EEP): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $22.89 and $22.80 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $23.79. The buying momentum continued till the end and the stock did not give up its gains. It closed at $23.51, notching a gain of 4.54% for the day. The total traded volume was 1,070,613 . The stock had closed at $22.49 on the previous day.

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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