Headlines about Enbridge Energy Management (NYSE:EEQ) have trended somewhat positive this week, Accern reports. The research group identifies positive and negative press coverage by reviewing more than twenty million blog and news sources. 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 Management earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave media headlines about the oil and gas producer an impact score of 47.4764468188477 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
EEQ has been the topic of a number of research analyst reports. Zacks Investment Research downgraded Enbridge Energy Management from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Bank of America initiated coverage on Enbridge Energy Management in a report on Tuesday, January 9th. They set an “underperform” rating and a $14.00 target price on the stock. ValuEngine downgraded Enbridge Energy Management from a “hold” rating to a “sell” rating in a report on Sunday, December 31st. Finally, Morgan Stanley downgraded Enbridge Energy Management from an “equal weight” rating to an “underweight” rating in a report on Thursday, January 11th. Four equities research analysts have rated the stock with a sell rating and one has given a hold rating to the company’s stock. The company currently has an average rating of “Sell” and a consensus target price of $17.50.
Enbridge Energy Management (NYSE:EEQ) traded up $0.08 during mid-day trading on Monday, hitting $12.10. The company’s stock had a trading volume of 12,409 shares, compared to its average volume of 604,056. Enbridge Energy Management has a 1 year low of $11.45 and a 1 year high of $19.00. The stock has a market cap of $1,079.38, a P/E ratio of -158.77 and a beta of 1.23.
Enbridge Energy Management, LLC is a limited partner of Enbridge Energy Partners, L.P. (the Partnership). The Company owns i-units, a special class of the Partnership’s limited partner interests. The Company manages the business of the Partnership. The Partnership 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.
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