Why Enbridge Energy, L.P. (NYSE:EEP) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $23.600 on Enbridge Energy, L.P. (NYSE:EEP) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $0.700 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Enbridge Energy, L.P. (NYSE:EEP) stands at 281.180.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Enbridge Energy, L.P. Class A C, the PEG ratio for coming 3-5 years is 2.540.

Technical Analysis

The technical analysis highlights that Enbridge Energy, L.P. Class A C current is trading $1.367 points away or +5.777% from its 50-day moving average of $23.658. Further it is trading $4.499 or +21.919% away its 200-day moving average of $20.526.

The 52-week high of Enbridge Energy, L.P. (NYSE:EEP) was $29.990 while lowest point recorded in 52-week was $14.270. It implies if stock price makes a movement of over $-4.965, it will record a new 52-week high. In the case of +75.368% drop, it will touch a new 52-week low.

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