Barclays Assumes Enbridge Energy Partners L.P. to Equal-weight

Brokerage firm Barclays Assumes its rating on Enbridge Energy Partners L.P.(NYSE:EEP). The shares have been rated Equal-weight. The rating by Barclays was issued on Apr 12, 2016.

In a different note, On Apr 1, 2016, Piper Jaffray said it Assumes its rating on Enbridge Energy Partners L.P.. The shares have been rated ‘Neutral’ by the firm. On Mar 17, 2016, Credit Suisse said it Downgrades its rating on Enbridge Energy Partners L.P.. In the research note, the firm Lowers the price-target to $34.00 per share. The shares have been rated ‘Neutral’ by the firm. On Mar 2, 2016, JP Morgan said it Maintains its rating on Enbridge Energy Partners L.P.. In the research note, the firm Lowers the price-target to $27.00 per share. The shares have been rated ‘Neutral’ by the firm. Morgan Stanley said it Initiates Coverage on Enbridge Energy Partners L.P., according to a research note issued on Feb 25, 2016. The shares have been rated ‘Underweight’ by the firm. On Feb 18, 2016, Barclays said it Maintains its rating on Enbridge Energy Partners L.P.. In the research note, the firm Lowers the price-target to $25.00 per share. The shares have been rated ‘Equalweight’ by the firm. On Feb 18, 2016, Credit Suisse said it Maintains its rating on Enbridge Energy Partners L.P.. In the research note, the firm Lowers the price-target to $34.00 per share. The shares have been rated ‘Outperform’ by the firm.

Enbridge Energy Partners L.P. (EEP) shares turned negative on Fridays trading session with the shares closing down -0.36 points or -1.84% at a volume of 19,06,025. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $19.57. The peak price level was also seen at $19.57 while the days lowest was $18.96. Finally the shares closed at $19.19. The 52-week high of the shares is $38.5301 while the 52-week low is $14.27. According to the latest information available, the market cap of the company is $8,204 M.

Enbridge Energy Partners L.P.(EEP) last announced its earnings results on Feb 16, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $1.14B. Analysts had an estimated revenue of $1.41B. Earnings per share were $0.11. Analysts had estimated an EPS of $0.22.

Several Insider Transactions has been reported to the SEC. On Dec 17, 2015, Stephen J Neyland (Vice President – Finance) purchased 1,200 shares at $19.98 per share price.

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 Company’s 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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