Media coverage about Enbridge Energy, L.P. (NYSE:EEP) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Enbridge Energy, L.P. earned a daily sentiment score of 0.20 on Accern’s scale. Accern also gave press coverage about the pipeline company an impact score of 47.1707519600627 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news stories that may have impacted Accern’s analysis:
- Enbridge Energy, L.P. (EEP) versus The Competition Financial Contrast (americanbankingnews.com)
- The Enbridge Inc (ENB) Receives Consensus Rating of “Buy” from Brokerages – Newburgh Gazette (newburghgazette.com)
- ETFs with exposure to Enbridge Energy Partners LP : November 10, 2017 (finance.yahoo.com)
- Enbridge Energy, L.P. (EEP) Expected to Post Earnings of $0.24 Per Share (americanbankingnews.com)
EEP has been the subject of several research reports. Zacks Investment Research downgraded shares of Enbridge Energy, L.P. from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 17th. BidaskClub raised shares of Enbridge Energy, L.P. from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Royal Bank Of Canada reissued a “hold” rating and set a $21.00 price objective on shares of Enbridge Energy, L.P. in a report on Sunday, September 17th. Finally, Mizuho reissued a “hold” rating and set a $17.00 price objective on shares of Enbridge Energy, L.P. in a report on Friday, October 20th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $19.13.
Shares of Enbridge Energy, L.P. (EEP) traded down $0.28 during trading hours on Tuesday, hitting $14.03. 1,580,200 shares of the company were exchanged, compared to its average volume of 1,449,599. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.94. Enbridge Energy, L.P. has a 1 year low of $13.87 and a 1 year high of $26.17. The company has a market cap of $4,672.46, a P/E ratio of 21.04 and a beta of 1.21.
Enbridge Energy, L.P. (NYSE:EEP) last announced its quarterly earnings results on Wednesday, November 1st. The pipeline company reported $0.24 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.24. Enbridge Energy, L.P. had a net margin of 8.47% and a return on equity of 6.03%. The firm had revenue of $616.40 million during the quarter, compared to the consensus estimate of $637.68 million. During the same quarter last year, the firm earned $0.09 EPS. The firm’s revenue for the quarter was down 2.9% compared to the same quarter last year. equities research analysts predict that Enbridge Energy, L.P. will post 0.72 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 14th. Investors of record on Tuesday, November 7th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 9.98%. The ex-dividend date of this dividend is Monday, November 6th. Enbridge Energy, L.P.’s payout ratio is 222.23%.
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Enbridge Energy, L.P. Company Profile
Enbridge Energy Partners, L.P is a geographically and operationally diversified organization that provides crude oil and liquid petroleum gathering and transportation and storage services. The Company operates through the Liquids business segment. Its Liquids segment includes the operations of its Lakehead, North Dakota and mid-continent systems.
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