Enbridge Energy Partners, L.P. (EEP) Receiving Positive News Coverage, Analysis Shows
Media coverage about Enbridge Energy Partners, L.P. (NYSE:EEP) has been trending positive recently, Accern Sentiment reports. Accern ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Enbridge Energy Partners, L.P. earned a media sentiment score of 0.29 on Accern’s scale. Accern also gave media headlines about the pipeline company an impact score of 46.5397029443998 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the media headlines that may have impacted Accern’s rankings:
- Recent Price Move of Shares:: Enbridge Energy Partners, LP (EEP) (expressnewsline.com)
- Enbridge Energy, LP Class AC (NYSE:EEP) Stock Closed -7.1% Below Its 50 Day Average – First News 24 (firstnewspaper24.com)
- From A Very Different Angle: Enbridge Energy Partners, L.P. (EEP … – AllStockNews (allstocknews.com)
- Enbridge Energy Partners, LP (EEP) stock triggers Dividend Yield at 9.79% – Voice Of Analysts (analystsbuzz.com)
- Analyst Stock Ratings: Enbridge Energy Partners, LP (EEP), NetEase, Inc. (NTES) – HiTechFacts (hitechfacts.com)
Shares of Enbridge Energy Partners, L.P. (NYSE EEP) opened at 14.25 on Monday. The company’s market capitalization is $5.98 billion. The stock has a 50 day moving average price of $15.38 and a 200-day moving average price of $16.99. Enbridge Energy Partners, L.P. has a one year low of $13.87 and a one year high of $26.36.
Enbridge Energy Partners, L.P. (NYSE:EEP) last announced its quarterly earnings data on Wednesday, August 2nd. The pipeline company reported $0.14 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.17 by $0.03. The business had revenue of $596.50 million during the quarter, compared to analysts’ expectations of $601.82 million. Enbridge Energy Partners, L.P. had a return on equity of 17.82% and a net margin of 38.96%. Enbridge Energy Partners, L.P.’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.22 EPS. On average, equities research analysts expect that Enbridge Energy Partners, L.P. will post $0.81 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 14th. Shareholders of record on Monday, August 7th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 9.82%. The ex-dividend date of this dividend was Thursday, August 3rd. Enbridge Energy Partners, L.P.’s dividend payout ratio (DPR) is presently -160.92%.
Several research firms have weighed in on EEP. Zacks Investment Research lowered Enbridge Energy Partners, L.P. from a “hold” rating to a “sell” rating in a report on Thursday, August 17th. BidaskClub lowered Enbridge Energy Partners, L.P. from a “sell” rating to a “strong sell” rating in a report on Thursday, August 3rd. J P Morgan Chase & Co reiterated a “neutral” rating and set a $17.00 target price on shares of Enbridge Energy Partners, L.P. in a report on Friday, June 23rd. Morgan Stanley lowered Enbridge Energy Partners, L.P. from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $20.00 to $19.00 in a report on Thursday, June 15th. Finally, Mizuho reiterated a “neutral” rating and set a $19.00 target price (down from $22.00) on shares of Enbridge Energy Partners, L.P. in a report on Wednesday, May 17th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the company. Enbridge Energy Partners, L.P. currently has a consensus rating of “Hold” and a consensus price target of $21.45.
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Enbridge Energy Partners, 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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