RBC Capital Mkts Just Issued “Sector Perform” Rating on Enbridge Energy Partners L.P. (EEP)

Enbridge Energy Partners L.P. (EEP) was Reiterated by RBC Capital Mkts to “Sector Perform” while Lowering the Price Target of the company shares to $ 20 from a previous price target of $21 . RBC Capital Mkts advised their Clients and Investors in a research report released on Feb 21, 2017.

Based on several research reports , Shares were Reiterated by FBR & Co. on Jan 31, 2017 to “Outperform” and Lowered the Price Target to $ 22 from a previous price target of $29 .Shares were Downgraded by Mizuho on Jan 30, 2017 to ” Neutral” and Lowered the Price Target to $ 22 from a previous price target of $29 .

On the company’s financial health, Enbridge Energy Partners L.P. reported $0.14 EPS for the quarter, based on the information available during the earnings call on Feb 16, 2017. Analyst had a consensus estimate of $0.14. The company had revenue of $1250.80 million for the quarter, compared to analysts expectations of $1154.00 million. The company’s revenue was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.11 EPS.

Several company insiders have filed Insider transactions , on Dec 17, 2015, Stephen J Neyland (Vice President – Finance) purchased 1,200 shares at $19.98 per share price.

Enbridge Energy Partners L.P. closed down -0.27 points or -1.48% at $17.99 with 16,57,000 shares getting traded on Friday. Post opening the session at $18.28, the shares hit an intraday low of $17.8 and an intraday high of $18.3239 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Enbridge Energy Partners L.P. (the Partnership) 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 of America. 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. It operates in two segments: Liquids and Natural Gas. The Liquids segment includes the operations of its Lakehead North Dakota and Mid-Continent crude oil systems. The natural gas business includes natural gas and NGL gathering and transportation pipeline systems natural gas processing and treating facilities and NGL fractionation facilities.

Enbridge Energy Partners L.P.

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