Media headlines about Enbridge Energy Management (NYSE:EEQ) have trended somewhat positive recently, according to Accern Sentiment. The research firm identifies negative and positive news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Enbridge Energy Management earned a news sentiment score of 0.21 on Accern’s scale. Accern also gave news headlines about the oil and gas producer an impact score of 46.8884410294349 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Enbridge Energy Management (EEQ) traded down $0.17 during midday trading on Wednesday, hitting $12.20. 175,582 shares of the stock were exchanged, compared to its average volume of 594,056. Enbridge Energy Management has a one year low of $11.45 and a one year high of $19.00. The firm has a market cap of $1,102.73, a P/E ratio of -160.34 and a beta of 1.23.
A number of research analysts have recently commented on the stock. Zacks Investment Research raised shares of Enbridge Energy Management from a “strong sell” rating to a “hold” rating in a research note on Tuesday. Morgan Stanley downgraded shares of Enbridge Energy Management from an “equal weight” rating to an “underweight” rating in a research note on Thursday, January 11th. Bank of America assumed coverage on shares of Enbridge Energy Management in a research note on Tuesday, January 9th. They set an “underperform” rating and a $14.00 price objective for the company. Finally, ValuEngine downgraded shares of Enbridge Energy Management from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st. Three research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. The stock has an average rating of “Sell” and a consensus price target of $17.50.
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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