Favorable Media Coverage Somewhat Unlikely to Impact Enbridge Energy (EEP) Share Price
News headlines about Enbridge Energy (NYSE:EEP) have trended positive on Saturday, according to Accern Sentiment Analysis. The research group ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Enbridge Energy earned a news sentiment score of 0.27 on Accern’s scale. Accern also assigned headlines about the pipeline company an impact score of 47.6642204587058 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news headlines that may have impacted Accern’s analysis:
- Enbridge Energy Partners (EEP) Offers FY18 Guidance, Long-Term Outlook (streetinsider.com)
- BRIEF-Enbridge Energy Partners Announces 2018 Guidance And Long Term Financial Outlook (EEP) (uk.news.yahoo.com)
- Enbridge Energy Management LLC: Enbridge Energy Partners, L.P. Announces 2018 Guidance and Long Term Financial Outlook more (twst.com)
- Enbridge Energy Partners, L.P. Soars After Updating Its Outlook (finance.yahoo.com)
- Enbridge Energy Target of Unusually High Options Trading (EEP) (americanbankingnews.com)
Several equities analysts recently weighed in on EEP shares. Mizuho reissued a “hold” rating and issued a $17.00 target price on shares of Enbridge Energy in a research note on Friday, October 20th. Zacks Investment Research raised shares of Enbridge Energy from a “hold” rating to a “strong-buy” rating and set a $18.00 target price for the company in a research note on Tuesday, October 10th. Barclays decreased their target price on shares of Enbridge Energy from $21.00 to $16.00 and set an “equal weight” rating for the company in a research note on Monday, November 20th. Morgan Stanley decreased their target price on shares of Enbridge Energy from $18.00 to $17.00 and set an “equal weight” rating for the company in a research note on Friday, November 17th. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $21.00 target price on shares of Enbridge Energy in a research note on Sunday, September 17th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $18.56.
Enbridge Energy (EEP) opened at $14.77 on Friday. Enbridge Energy has a 52 week low of $12.25 and a 52 week high of $26.17. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.94. The firm has a market cap of $4,820.00, a price-to-earnings ratio of 18.99 and a beta of 1.21.
Enbridge Energy (NYSE:EEP) last announced its quarterly earnings results on Wednesday, November 1st. The pipeline company reported $0.24 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.24. Enbridge Energy had a return on equity of 6.03% and a net margin of 8.47%. The business had revenue of $616.40 million during the quarter, compared to the consensus estimate of $637.68 million. During the same quarter last year, the firm posted $0.09 EPS. The company’s quarterly revenue was down 2.9% on a year-over-year basis. research analysts anticipate that Enbridge Energy will post 0.72 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 14th. Shareholders of record on Tuesday, November 7th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 9.48%. The ex-dividend date of this dividend was Monday, November 6th. Enbridge Energy’s dividend payout ratio is 186.67%.
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Enbridge Energy Company Profile
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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