Enbridge Energy L.P. (EEP) : Traders are bullish on Enbridge Energy L.P. (EEP) as it has outperformed the S&P 500 by a wide margin of 3.6% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 4.39%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 4.45% in the last 1 week, and is up 4.67% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 4.9% and the 50-Day Moving Average is 8.93%. Enbridge Energy L.P. (NYSE:EEP): stock turned positive on Friday. Though the stock opened at $24.69, the bulls momentum made the stock top out at $25.07 level for the day. The stock recorded a low of $24.57 and closed the trading day at $24.64, in the green by 0.69%. The total traded volume for the day was 855,482. The stock had closed at $24.47 in the previous days trading.
Institutional Investors own 53.96% of Enbridge Energy L.P. shares. Also, Credit Suisse upgrades its view on Enbridge Energy L.P. (NYSE:EEP) according to the research report released by the firm to its investors. The shares have now been rated Outperform by the stock experts at the ratings house. Earlier, the shares had a rating of Neutral. The rating by the firm was issued on August 1, 2016.
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.