A statement released earlier today by Mizuho Securities about Enbridge Energy (NYSE:EEP) ups the target price to $29.00
- Updated: September 29, 2016
In a report released on 9/30/2016 Mizuho Securities increased the stock price target of Enbridge Energy (NYSE:EEP) to $29.00 reporting a possible upside of 0.15%.
Just yesterday Enbridge Energy (NYSE:EEP) traded -0.71% lower at $25.14. Enbridge Energy’s 50-day moving average is $24.37 and its 200-day moving average is $22.15. The last closing price is up 13.52% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 478,489 shares of EEP traded hands, down from an average trading volume of 1,142,200
Recent Performance Chart
Enbridge Energy has 52 week low of $14.27 and a 52 week high of $29.99 with a PE ratio of 282.47 and has a market capitalization of $0.
Also covering Enbridge Energy's target, a total of 11 brokerages have issued a ratings update on the stock. The consensus target price is $21.36 with 1 broker rating the company a strong buy, two firms rating the stock a buy, eight analysts rating the company a hold, 2 brokers rating the company a underperform, and lastly zero firms rating the stock a sell.
About Enbridge Energy (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, condensate stabilizers and an NGL fractionation facility.
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