Enbridge Energy L.P. (EEP) : Analyst Rating Update

Enbridge Energy L.P. (EEP) : 1 brokerage houses believe that Enbridge Energy L.P. (EEP) is a Strong Buy at current levels. 4 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Enbridge Energy L.P. (EEP). Zacks Investment Research suggests a Buy with a rank of 2. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 7 Wall Street Analysts endorse the stock as a Hold with a rating of 3.04.

Enbridge Energy L.P. (EEP) : The most positive equity analysts on Enbridge Energy L.P. (EEP) expects the shares to touch $33, whereas, the least positive believes that the stock will trade at $17 in the short term. The company is covered by 6 Wall Street Brokerage Firms. The average price target for shares are $24.5 with an expected fluctuation of $6.19 from the mean.

Enbridge Energy L.P. (NYSE:EEP): The stock opened at $22.43 on Wednesday but the bulls could not build on the opening and the stock topped out at $22.50 for the day. The stock traded down to $21.97 during the day, due to lack of any buying support eventually closed down at $22.28 with a loss of -1.28% for the day. The stock had closed at $22.57 on the previous day. The total traded volume was 2,194,074 shares.

Also, Equity analysts at the Brokerage firm Credit Suisse maintains its rating on Enbridge Energy L.P. (NYSE:EEP). The rating major has initiated the coverage with neutral rating on the shares. The Analysts at Credit Suisse raises the price target from $23 per share to $5 per share. The rating by the firm was issued on May 3, 2016. The company shares have dropped -32.40% from its 1 Year high price. On Jul 13, 2015, the shares registered one year high at $34.41 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $22.27 and the 200 Day Moving Average price is recorded at $19.69.

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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