Enbridge Energy (EEP) is Upgraded by Credit Suisse to Outperform

Enbridge Energy (EEP) is Upgraded by Credit Suisse to Outperform , according to the research report released to the investors. Earlier the firm had a rating of Neutral on the company shares. The shares recommendation by the Brokerage Firm was released on Dec-22-2015.

Shares of Enbridge Energy, L.P. (NYSE:EEP) ended Thursday session in red amid volatile trading. The shares closed down 0.32 points or 1.54% at $20.4 with 1,719,102 shares getting traded. Post opening the session at $20.59, the shares hit an intraday low of $19.61 and an intraday high of $20.7 and the price vacillated in this range throughout the day. The company has a market cap of $8,690 million and the number of outstanding shares has been calculated to be 425,992,460 shares. The 52-week high of Enbridge Energy, L.P. (NYSE:EEP) is $41.39 and the 52-week low is $19.31.

During the last several months other analysts have commented on the company rating. Credit Suisse downgrades its rating on Enbridge Energy, L.P. (NYSE:EEP). The global brokerage major raises the current price target from $38 per share to $39 per share. Analysts at the Credit Suisse have a current rating of Neutral on the shares. The shares were previously rated Outperform. The rating by the firm was issued on November 3, 2015.

Analysts at Zacks have given a short term rating of hold on Enbridge Energy, L.P. (NYSE:EEP) with a rank of 3. The shares has received an average rating of 2.4 from 10 brokerage firms. 3 analysts have rated the company as a strong buy. The shares has been rated as hold from 5 Wall Street Analysts. 1 analysts have suggested buying the shares. A sell call was given by 1 analyst.

Enbridge Energy, L.P. (NYSE:EEP): According to 9 Analysts, The short term target price has been estimated at $ 34.11.The target price could deviate by a maximum of $5.97 from the forecast price. In the near term, the target price could hit a high of $45 and a low of $ 26.

Enbridge Energy Partners, L.P. has lost 7.27% in the last five trading days and dropped 19.08% in the last 4 weeks. Enbridge Energy Partners, L.P. has dropped 22.79% during the last 3-month period . Year-to-Date the stock performance stands at -45.24%.

Enbridge Energy Partners, L.P. (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. As of December 31, 2011, its portfolio of assets included the approximately 6,500 miles of crude oil gathering and transportation lines and 32 million barrels of crude oil storage and terminaling capacity; natural gas gathering and transportation lines totaling approximately 11,500 miles; nine natural gas treating and 25 natural gas processing facilities with an aggregate capacity of approximately 3,255 million cubic feet per day, including plants; trucks, trailers and railcars for transporting natural gas liquids (NGLs), crude oil and carbon dioxide, and marketing assets, which provide natural gas supply, transmission, storage and sales services. The Company conducts its business through three business segments: Liquids, Natural Gas and Marketing.