Enbridge Energy, L.P. (EEP) Receiving Somewhat Positive News Coverage, Report Shows
News stories about Enbridge Energy, L.P. (NYSE:EEP) have trended somewhat positive recently, according to Accern Sentiment. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Enbridge Energy, L.P. earned a news impact score of 0.22 on Accern’s scale. Accern also assigned media stories about the pipeline company an impact score of 46.9456840027661 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
- Enbridge Energy Management LLC (EEQ) Shares Bought by FineMark National Bank & Trust (vothemes.com)
- Enbridge Energy Management LLC (EEQ) Reached a 52-Week High (wisdomsave.com)
- Enbridge Energy Partners LP (EEP) Sees The Tape Move Mid-Market – Stock Press Daily (stockpressdaily.com)
- What Drove Enbridge Energy Partners’ 2Q17 Earnings Lower? – Market Realist (marketrealist.com)
- BidaskClub Downgrades Enbridge Energy, LP (NYSE:EEP) to Strong Sell (lazeresportes.com)
A number of research analysts recently commented on the stock. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $21.00 price target on shares of Enbridge Energy, L.P. in a report on Tuesday, June 6th. Zacks Investment Research downgraded shares of Enbridge Energy, L.P. from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 4th. BidaskClub raised shares of Enbridge Energy, L.P. from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Morgan Stanley downgraded shares of Enbridge Energy, L.P. from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $20.00 to $19.00 in a report on Thursday, June 15th. Finally, Mizuho reaffirmed a “neutral” rating and issued a $19.00 price target (down previously from $22.00) on shares of Enbridge Energy, L.P. in a report on Wednesday, May 17th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company’s stock. Enbridge Energy, L.P. has a consensus rating of “Hold” and a consensus price target of $21.45.
Shares of Enbridge Energy, L.P. (EEP) opened at 14.80 on Friday. The firm has a 50-day moving average of $15.82 and a 200 day moving average of $17.49. Enbridge Energy, L.P. has a 52 week low of $14.60 and a 52 week high of $26.37. The company’s market cap is $6.22 billion.
Enbridge Energy, L.P. (NYSE:EEP) last posted its quarterly earnings results on Wednesday, August 2nd. The pipeline company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.17 by $0.03. Enbridge Energy, L.P. had a negative net margin of 4.34% and a positive return on equity of 6.68%. The firm had revenue of $596.50 million during the quarter, compared to analysts’ expectations of $601.82 million. During the same period last year, the company earned $0.22 EPS. The business’s quarterly revenue was down 4.0% on a year-over-year basis. Equities analysts expect that Enbridge Energy, L.P. will post $0.83 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 14th. Stockholders of record on Monday, August 7th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $1.40 annualized dividend and a dividend yield of 9.46%. Enbridge Energy, L.P.’s dividend payout ratio is currently -160.92%.
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Enbridge Energy, L.P. Company Profile
Enbridge Energy Partners, L.P is a geographically and operationally diversified organization that provides crude oil and liquid petroleum gathering; transportation and storage services, and natural gas gathering, treating, processing, marketing and transportation services in the Gulf Coast and mid-continent regions of the United States.
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