Press coverage about Enbridge Energy Management (NYSE:EEQ) has trended somewhat positive on Thursday, according to Accern. The research group identifies positive and negative news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Enbridge Energy Management earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned media coverage about the oil and gas producer an impact score of 47.2605246815223 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Shares of Enbridge Energy Management stock opened at $9.04 on Thursday. The stock has a market cap of $808.19, a price-to-earnings ratio of -118.71 and a beta of 1.23. Enbridge Energy Management has a 12 month low of $8.51 and a 12 month high of $19.00.
A number of analysts have recently issued reports on the stock. Morgan Stanley lowered shares of Enbridge Energy Management from an “equal weight” rating to an “underweight” rating in a research note on Thursday, January 11th. Zacks Investment Research upgraded shares of Enbridge Energy Management from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research note on Wednesday, January 3rd. Ladenburg Thalmann Financial Services lowered shares of Enbridge Energy Management from a “buy” rating to a “neutral” rating and set a $13.00 price target for the company. in a research note on Friday, March 16th. ValuEngine lowered shares of Enbridge Energy Management from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st. Finally, Bank of America assumed coverage on shares of Enbridge Energy Management in a research note on Tuesday, January 9th. They issued an “underperform” rating and a $14.00 price target for the company. Two equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $16.60.
Enbridge Energy Management Company Profile
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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