Enbridge Energy Partners L.P. (EEP) is Downgraded by Goldman to Sell

Enbridge Energy Partners L.P. (EEP) was Downgraded by Goldman to ” Sell”. Earlier the firm had a rating of “Neutral ” on the company shares. Goldman advised their investors in a research report released on Jul 20, 2016.

On the company’s financial health, Enbridge Energy Partners L.P. reported $0.11 EPS for the quarter, missing the analyst consensus estimate by $ -0.10 based on the information available during the earnings call on Feb 16, 2016. Analyst had a consensus of $0.21. The company had revenue of $1136.70 million for the quarter, compared to analysts expectations of $1405.81 million. The company’s revenue was down -45.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.27 EPS.

Enbridge Energy Partners L.P. opened for trading at $23.5 and hit $24.15 on the upside on Monday, eventually ending the session at $24.07, with a gain of 2.25% or 0.53 points. The heightened volatility saw the trading volume jump to 13,23,927 shares. Company has a market cap of $10,354 M.

In a different news, 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.

Enbridge Energy Partners L.P.

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Enbridge Energy Partners L.P. - Is it time to Sell?

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