ValuEngine cut shares of Enbridge Energy Management (NYSE:EEQ) from a hold rating to a sell rating in a report released on Monday morning.
EEQ has been the topic of several other research reports. Morgan Stanley cut Enbridge Energy Management from an equal weight rating to an underweight rating in a research report on Thursday, January 11th. Ladenburg Thalmann Financial Services cut Enbridge Energy Management from a buy rating to a neutral rating and set a $13.00 price objective on the stock. in a research report on Friday, March 16th. Zacks Investment Research cut Enbridge Energy Management from a hold rating to a strong sell rating in a research report on Monday, March 26th. Finally, 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. Five research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. Enbridge Energy Management presently has an average rating of Sell and a consensus target price of $16.60.
EEQ stock traded down $0.19 during trading hours on Monday, hitting $9.18. 166,283 shares of the stock were exchanged, compared to its average volume of 748,889. The stock has a market capitalization of $815.37, a price-to-earnings ratio of -6.60 and a beta of 1.32. Enbridge Energy Management has a 12 month low of $8.51 and a 12 month high of $18.96.
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About Enbridge Energy Management
Enbridge Energy Management, LLC, through its limited partner interests in Enbridge Energy Partners, L.P., owns and operates a portfolio of crude oil transportation systems in the United States. Its principal crude oil system is the pipeline transporter of oil production from western Canada and the North Dakota Bakken formation.
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