Wells Fargo & Co. Upgrades Enbridge Energy Partners LP to Outperform (EEP)

By admin | 6 years ago

Enbridge Energy Partners LP (NYSE: EEP) was upgraded by Wells Fargo & Co. (NYSE: WFC) from a “market perform” rating to an “outperform” rating in a research note issued on Friday.

Other equities research analysts have also recently issued reports about the stock. Analysts at Global Hunter Securities initiated coverage on shares of Enbridge Energy Partners LP in a research note to investors on Tuesday, April 17th. They set a “buy” rating and a $34.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Enbridge Energy Partners LP in a research note to investors on Friday, March 9th. They now have a $33.00 price target on the stock. Finally, analysts at Goldman Sachs (NYSE: GS) upgraded shares of Enbridge Energy Partners LP from a “sell” rating to a “neutral” rating in a research note to investors on Wednesday, February 29th.

Enbridge Energy Partners LP traded up 1.43% on Friday, hitting $30.185. Enbridge Energy Partners LP has a 52-week low of $24.66 and a 52-week high of $34.06. The company has a market cap of $8.604 billion and a price-to-earnings ratio of 16.24.

Enbridge Energy Partners LP last posted its quarterly earnings results on Monday, April 30th. The company reported $0.28 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.37 by $0.09. The company’s quarterly revenue was down 17.0% on a year-over-year basis. Analysts expect that Enbridge Energy Partners LP will post $0.36 EPS next quarter.

Enbridge Energy Partners, L.P. (Partnership) is engaged in owning and operating crude oil and liquid petroleum transportation and storage assets, and natural gas gathering, treating, processing, transportation and marketing assets in the United States.

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