A statement released earlier today by Goldman Sachs Group Inc. about Enbridge Energy Partners, L.P. (NYSE:EEP) bumps the target price to $24.00
- Updated: September 18, 2016
Enbridge Energy Partners, L.P. (NYSE:EEP) had its estimated target price increased to $24 by Goldman Sachs Group Inc. in an issued report issued 9/19/2016. The updated target price suggests a possible upside of 0.01% based on the bussiness’ previous stock close price.
On 9/09/2016, FBR & Co reported on Enbridge Energy Partners, L.P.(NYSE:EEP) upped the target price from $0.00 to $31.00. At the time, this indicated a possible upside of 0.23%.
Displaying a price of $23.86, Enbridge Energy Partners, L.P. (NYSE:EEP) traded 0.00% even on the day. The last close is up 10.50% from the two hundred day moving average, compared with the Standard & Poor’s 500 Index which has fallen -0.01% over the same time period. EEP has logged a 50-day moving average of $24.04 and two hundred day moving average of $21.59. 0 shares of EEP exchanged hands, down from ann average trading volume of 1,227,060
Recent Performance Graph:
With a market capitalization of $0.0, Enbridge Energy Partners, L.P. has a P/E of 268 with a one-year low of $14.27 and a one-year high of $29.99.
In addition to Goldman Sachs Group Inc. reporting it’s stock price target, a total of 11 firms have released a report on EEP. The 12-month target price is $21.36 with one firm rating the company a strong buy, two analysts rating the company a buy, eight firms rating the stock a hold, two analysts rating the stock to underperform, and finally 0 analystsrating the company as sell.
About Enbridge Energy Partners, L.P. (NYSE:EEP)
Enbridge Energy Partners, L.P. 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. The Company’s 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. The Company operates in two business segments: Liquids and Natural Gas. The Liquids segment includes the operations of its Lakehead, Mid-Continent and North Dakota systems. The Natural Gas segment includes natural gas and NGL gathering and transportation pipeline systems, natural gas processing and treating facilities, and condensate stabilizers and an NGL fractionation facility.
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