Enbridge Energy L.P. (EEP) has risen sharply, recording gains of 1.33% in the past 4 weeks. However, the stock has corrected -4.75% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 1.54% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Company shares have received an average consensus rating of Hold for the current week The stock has recorded a twenty day Moving Average of 1.81% and the fifty day Moving Average is 2.14%. Enbridge Energy Partners, L.P. is up 11.97% in the last three month period. Year-to-Date the stock performance stands at 11.99%.
Enbridge Energy L.P. (EEP) : The consensus price target for Enbridge Energy L.P. (EEP) is $25.5 for the short term with a standard deviation of $5.36. The most optimist securities analyst among the 6 who monitor the stock believes that the stock can reach $33, however, the pessimist price target for the company is $20.
Enbridge Energy L.P. (NYSE:EEP): On Fridays trading session , Opening price of the stock was $23.65 with an intraday high of $23.91. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $23.475. However, the stock managed to close at $23.67, a loss of 0.08% for the day. On the previous day, the stock had closed at $23.69. The total traded volume of the day was 671,284 shares.
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.