Zacks Rating 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. 4 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 Strong Buy with a rank of 1. 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 7 Wall Street Analysts endorse the stock as a Hold with a rating of 3.04.

Enbridge Energy L.P. (EEP) : The highest short term price target forecast on Enbridge Energy L.P. (EEP) is $33 and the lowest target price is $20. A total of 6 equity analysts are currently covering the company. The average price of all the analysts is $25.5 with a standard deviation of $5.36.


Enbridge Energy Partners, L.P. has dropped 3.01% in the last five trading days, however, the shares have posted positive gains of 2.99% in the last 4 weeks. Enbridge Energy Partners, L.P. is up 15.82% in the last 3-month period. Year-to-Date the stock performance stands at 15.72%. Enbridge Energy L.P. (NYSE:EEP): The stock was completely flat for the day, closing at $24.46 on Tuesday. The flat closing masks the intraday volatility in the stock. After opening at $24.30, the stock touched an intraday high of $24.68 and a low of $24.30. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $24.46. The total trading volume on Tuesday was 560,309.

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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