Enbridge Energy Management LLC (EEQ) : Analyst Rating Update

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) : 4 investment research analysts covering Enbridge Energy Management LLC (EEQ) have an average price target of $22.65 for the near short term. The highest target price given by the Brokerage Firm to the stock is $32 and the lowest target is $17 for the short term. Analysts expect the variance to be within $6.8 of the average price.

Enbridge Energy Management LLC (NYSE:EEQ): The stock opened at $22.03 on Wednesday but the bulls could not build on the opening and the stock topped out at $22.13 for the day. The stock traded down to $21.73 during the day, due to lack of any buying support eventually closed down at $22.09 with a loss of -0.76% for the day. The stock had closed at $22.26 on the previous day. The total traded volume was 250,020 shares.

The company shares have dropped -26.10% from its 1 Year high price. On Jul 13, 2015, the shares registered one year high at $35.65 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $22.13 and the 200 Day Moving Average price is recorded at $19.24.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.