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

Enbridge Energy L.P. (EEP) : 1 brokerage houses believe that Enbridge Energy L.P. (EEP) is a Strong Buy at current levels. 5 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 8 Wall Street Analysts endorse the stock as a Hold with a rating of 3.04.

Enbridge Energy L.P. (EEP) has been rated by 7 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $33 and the lowest price target forecast is $20. The average forecast of all the analysts is $24.86 and the expected standard deviation is $5.08.

Company shares have received an average consensus rating of Hold for the current week Also, In a research note released to the investors, UBS maintains its rating on Enbridge Energy L.P. (NYSE:EEP).The analysts at the brokerage house have a current rating of Buy on the shares. In a recent information released to the investors, UBS raises the new price target from $24 per share to $26 per share. The rating by the firm was issued on July 29, 2016.


Enbridge Energy L.P. (NYSE:EEP): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $22.06 and $22.06 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $23.68. The buying momentum continued till the end and the stock did not give up its gains. It closed at $23.46, notching a gain of 6.85% for the day. The total traded volume was 4,003,432 . The stock had closed at $21.96 on the previous day.

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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