Zacks Rating on Enbridge Energy Management LLC (EEQ)

Enbridge Energy Management LLC (EEQ) : The consensus on Enbridge Energy Management LLC (EEQ) based on 5 analyst recommendation on the company stock is 3.06, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 1 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Enbridge Energy Management LLC (EEQ).

Enbridge Energy Management LLC (EEQ) : Currently there are 4 street experts covering Enbridge Energy Management LLC (EEQ) stock. The most bullish and bearish price target for the stock is $26 and $18 respectively for the short term. The average price target of all the analysts comes to $21.57. The estimated standard deviation from the target is $3.66.


Enbridge Energy Management LLC has dropped 1.2% in the last five trading days, however, the shares have posted positive gains of 3.9% in the last 4 weeks. Enbridge Energy Management LLC is up 12.75% in the last 3-month period. Year-to-Date the stock performance stands at 11.19%. Enbridge Energy Management LLC (NYSE:EEQ): stock turned positive on Tuesday. Though the stock opened at $23.7, the bulls momentum made the stock top out at $24.05 level for the day. The stock recorded a low of $23.7 and closed the trading day at $23.97, in the green by 0.42%. The total traded volume for the day was 122,782. The stock had closed at $23.87 in the previous days trading.

Enbridge Energy Management, L.L.C. (Enbridge Management), is a limited partner of Enbridge Energy Partners, L.P. (Partnership), through its ownership of i-units, a special class of the Partnerships limited partner interests. The Partnership 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 Enbridge Energy Company, Inc. (General Partner) owns all of its voting shares and is an indirect, wholly owned subsidiary of Enbridge Inc., which is an energy transportation and distribution company, located in Calgary, Alberta and Canada. The Company manages the business and affairs of the Partnership, subject to the General Partners right to approve specified actions.

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