Enbridge Energy Management (EEQ) Receiving Somewhat Positive News Coverage, Study Shows

Press coverage about Enbridge Energy Management (NYSE:EEQ) has trended somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies positive and negative press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Enbridge Energy Management earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned news stories about the oil and gas producer an impact score of 46.365264924626 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:

Several research firms have recently issued reports on EEQ. Morgan Stanley cut Enbridge Energy Management from an “equal weight” rating to an “underweight” rating in a report on Thursday, January 11th. Zacks Investment Research cut Enbridge Energy Management from a “hold” rating to a “sell” rating in a report on Wednesday, January 17th. Bank of America began coverage on Enbridge Energy Management in a report on Tuesday, January 9th. They set an “underperform” rating and a $14.00 price objective on the stock. ValuEngine cut Enbridge Energy Management from a “hold” rating to a “sell” rating in a report on Sunday, December 31st. Finally, Royal Bank of Canada restated a “hold” rating and set a $21.00 price objective on shares of Enbridge Energy Management in a report on Monday, October 30th. Four investment analysts have rated the stock with a sell rating and one has given a hold rating to the stock. The stock currently has a consensus rating of “Sell” and an average price target of $17.50.

Shares of Enbridge Energy Management (EEQ) traded down $0.08 during trading on Friday, reaching $12.50. The company had a trading volume of 1,059,367 shares, compared to its average volume of 665,246. Enbridge Energy Management has a 52-week low of $11.73 and a 52-week high of $17.32. The firm has a market capitalization of $1,157.42, a PE ratio of -164.15 and a beta of 1.16.

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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.

Insider Buying and Selling by Quarter for Enbridge Energy Management (NYSE:EEQ)

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