Somewhat Favorable Media Coverage Extremely Likely to Impact Enbridge Energy, L.P. (EEP) Share Price
News coverage about Enbridge Energy, L.P. (NYSE:EEP) has been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Enbridge Energy, L.P. earned a news impact score of 0.21 on Accern’s scale. Accern also assigned headlines about the pipeline company an impact score of 98 out of 100, meaning that recent news coverage is extremely likely to have an impact on the company’s share price in the next several days.
Here are some of the headlines that may have effected Accern Sentiment’s analysis:
- Enbridge Energy Partners LP breached its 50 day moving average in a Bullish Manner : EEP-US : July 17, 2017 (finance.yahoo.com)
- Enbridge Energy Partners LP (EEP) Needle Moving on Volume – Sparta Review (spartareview.com)
- Bank of America Corporation (BAC) registers a price change of -1.02% while Enbridge Energy Partners, LP (EEP … – Stocks Gallery (stocksgallery.com)
- Is the Options Market Predicting a Spike in Enbridge Energy Partners (EEP) Stock? – Nasdaq (nasdaq.com)
- Enbridge Energy Partners, LP (EEP) is Rich Dividend Yielding stock with rate of 8.81% – Voice Of Analysts (analystsbuzz.com)
A number of analysts recently weighed in on the stock. Mizuho reiterated a “neutral” rating and set a $19.00 price target (down previously from $22.00) on shares of Enbridge Energy, L.P. in a research note on Wednesday, May 17th. Zacks Investment Research upgraded shares of Enbridge Energy, L.P. from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 3rd. Royal Bank Of Canada restated a “hold” rating and issued a $21.00 target price on shares of Enbridge Energy, L.P. in a research note on Tuesday, June 6th. Credit Suisse Group restated a “neutral” rating and issued a $20.00 target price on shares of Enbridge Energy, L.P. in a research note on Friday, April 7th. Finally, Wolfe Research started coverage on shares of Enbridge Energy, L.P. in a research note on Friday, May 12th. They issued a “market perform” rating and a $19.00 target price for the company. One analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $21.83.
Shares of Enbridge Energy, L.P. (NYSE EEP) traded down 1.20% during trading on Monday, hitting $16.43. 318,444 shares of the stock were exchanged. The stock’s market cap is $5.82 billion. Enbridge Energy, L.P. has a 12-month low of $14.68 and a 12-month high of $26.36. The stock has a 50-day moving average of $16.50 and a 200 day moving average of $19.40.
Enbridge Energy, L.P. (NYSE:EEP) last posted its quarterly earnings data on Wednesday, May 10th. The pipeline company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.09. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.04 billion. Enbridge Energy, L.P. had a negative net margin of 3.85% and a positive return on equity of 9.17%. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.17 earnings per share. Equities analysts predict that Enbridge Energy, L.P. will post $0.72 earnings per share for the current fiscal year.
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About Enbridge Energy, L.P.
Enbridge Energy Partners, L.P is a geographically and operationally diversified organization that provides crude oil and liquid petroleum gathering; transportation and storage services, and natural gas gathering, treating, processing, marketing and transportation services in the Gulf Coast and mid-continent regions of the United States.
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