Press coverage about Enbridge Energy Management (NYSE:EEQ) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Enbridge Energy Management earned a coverage optimism score of 0.20 on Accern’s scale. Accern also gave news stories about the oil and gas producer an impact score of 47.6052059608676 out of 100, indicating that recent news 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 raised shares of Enbridge Energy Management from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a report on Wednesday, January 3rd. ValuEngine raised shares of Enbridge Energy Management from a “sell” rating to a “hold” rating in a report on Saturday, March 17th. Ladenburg Thalmann downgraded shares of Enbridge Energy Management from a “buy” rating to a “neutral” rating and set a $13.00 price target on the stock. in a report on Friday, March 16th. Bank of America initiated coverage on shares of Enbridge Energy Management in a report on Tuesday, January 9th. They issued an “underperform” rating and a $14.00 price target on the stock. Finally, Morgan Stanley downgraded shares of Enbridge Energy Management from an “equal weight” rating to an “underweight” rating in a report on Thursday, January 11th. Five equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. The company presently has an average rating of “Sell” and an average price target of $16.60.
Shares of NYSE:EEQ traded up $0.18 during midday trading on Monday, reaching $9.72. The company had a trading volume of 423,325 shares, compared to its average volume of 742,565. The company has a market capitalization of $856.68, a P/E ratio of -6.97 and a beta of 1.33. Enbridge Energy Management has a 52-week low of $8.51 and a 52-week high of $18.78.
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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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