News articles about Enbridge Energy Partners (NYSE:EEP) have been trending somewhat positive on Thursday, according to Accern Sentiment Analysis. Accern rates the sentiment of media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Enbridge Energy Partners earned a media sentiment score of 0.23 on Accern’s scale. Accern also gave news articles about the pipeline company an impact score of 47.2767741145906 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Several research analysts recently weighed in on EEP shares. Morgan Stanley lowered Enbridge Energy Partners from an “equal weight” rating to an “underweight” rating and set a $17.00 price target on the stock. in a research report on Thursday. Barclays lowered their target price on Enbridge Energy Partners from $21.00 to $16.00 and set an “equal weight” rating on the stock in a research note on Monday, November 20th. Zacks Investment Research upgraded Enbridge Energy Partners from a “hold” rating to a “strong-buy” rating and set a $18.00 target price on the stock in a research note on Tuesday, October 10th. Royal Bank of Canada restated a “hold” rating and issued a $21.00 target price on shares of Enbridge Energy Partners in a research note on Sunday, September 17th. Finally, Bank of America began coverage on Enbridge Energy Partners in a research note on Tuesday. They issued an “underperform” rating on the stock. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $18.56.
Enbridge Energy Partners (NYSE:EEP) traded up $0.38 on Thursday, hitting $15.09. The stock had a trading volume of 1,677,700 shares, compared to its average volume of 2,030,000. The company has a market cap of $4,930.00, a P/E ratio of 20.12 and a beta of 1.19. Enbridge Energy Partners has a 52 week low of $12.25 and a 52 week high of $26.07. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.31 and a current ratio of 0.31.
Enbridge Energy Partners (NYSE:EEP) last released its quarterly earnings results on Wednesday, November 1st. The pipeline company reported $0.24 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.24. Enbridge Energy Partners had a return on equity of 6.03% and a net margin of 8.47%. The company had revenue of $616.40 million during the quarter, compared to the consensus estimate of $637.68 million. During the same quarter in the prior year, the company posted $0.09 EPS. The firm’s revenue was down 2.9% on a year-over-year basis. research analysts predict that Enbridge Energy Partners will post 0.72 EPS for the current year.
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About Enbridge Energy Partners
Enbridge Energy Partners, L.P is a geographically and operationally diversified organization that provides crude oil and liquid petroleum gathering and transportation and storage services. The Company operates through the Liquids business segment. Its Liquids segment includes the operations of its Lakehead, North Dakota and mid-continent systems.
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