Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Enbridge Energy, L.P. (EEP) Stock Price

News articles about Enbridge Energy, L.P. (NYSE:EEP) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Enbridge Energy, L.P. earned a media sentiment score of 0.21 on Accern’s scale. Accern also gave headlines about the pipeline company an impact score of 47.5102182879333 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Several research firms have issued reports on EEP. BidaskClub lowered Enbridge Energy, L.P. from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Morgan Stanley cut their target price on Enbridge Energy, L.P. from $18.00 to $17.00 and set an “equal weight” rating on the stock in a research note on Friday. Mizuho reiterated a “hold” rating and issued a $17.00 target price on shares of Enbridge Energy, L.P. in a research note on Friday, October 20th. Zacks Investment Research lowered Enbridge Energy, L.P. from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Finally, Royal Bank Of Canada restated a “hold” rating and set a $21.00 price target on shares of Enbridge Energy, L.P. in a research note on Sunday, September 17th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $18.88.

Enbridge Energy, L.P. (EEP) traded down $0.12 during mid-day trading on Friday, reaching $13.81. The company’s stock had a trading volume of 1,870,856 shares, compared to its average volume of 1,538,909. Enbridge Energy, L.P. has a 52 week low of $13.63 and a 52 week high of $26.17. The firm has a market cap of $4,509.20, a price-to-earnings ratio of 20.31 and a beta of 1.21. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.94.

Enbridge Energy, L.P. (NYSE:EEP) last posted its quarterly earnings results on Wednesday, November 1st. The pipeline company reported $0.24 EPS for the quarter, meeting the consensus estimate of $0.24. The business had revenue of $616.40 million during the quarter, compared to analysts’ expectations of $637.68 million. Enbridge Energy, L.P. had a return on equity of 6.03% and a net margin of 8.47%. The company’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same period last year, the firm earned $0.09 EPS. equities analysts anticipate that Enbridge Energy, L.P. will post 0.72 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 14th. Shareholders of record on Tuesday, November 7th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 10.14%. The ex-dividend date of this dividend was Monday, November 6th. Enbridge Energy, L.P.’s payout ratio is 222.23%.

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About Enbridge Energy, L.P.

Enbridge Energy Partners, L.P is a geographically and operationally diversified organization that provides crude oil and liquid petroleum gathering and transportation and storage services. The Company operates through the Liquids business segment. Its Liquids segment includes the operations of its Lakehead, North Dakota and mid-continent systems.

Insider Buying and Selling by Quarter for Enbridge Energy, L.P. (NYSE:EEP)

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