Enbridge Energy Management, L.L.C. (EEQ) Releases Quarterly Earnings, Misses Estimates By $0.21 EPS
Enbridge Energy Management, L.L.C. (NYSE:EEQ) posted its quarterly earnings results on Monday. The company reported $0.02 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.23 by $0.21, American Banking & Market News reports.
A number of analysts have recently weighed in on EEQ shares. Analysts at RBC Capital raised their price target on shares of Enbridge Energy Management, L.L.C. from $30.00 to $34.00 in a research note on Friday, August 1st. On the ratings front, analysts at Goldman Sachs reiterated a “buy” rating on shares of Enbridge Energy Management, L.L.C. in a research note on Wednesday, July 30th. Finally, analysts at Credit Suisse reiterated a “neutral” rating on shares of Enbridge Energy Management, L.L.C. in a research note on Wednesday, July 9th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $30.80.
Shares of Enbridge Energy Management, L.L.C. (NYSE:EEQ) opened at 35.05 on Monday. Enbridge Energy Management, L.L.C. has a 52-week low of $25.3024 and a 52-week high of $35.1968. The stock has a 50-day moving average of $33.98 and a 200-day moving average of $29.48. The company’s market cap is $2.320 billion.
Enbridge Energy Management, LLC. (NYSE:EEQ) is a limited partner of Enbridge Energy Partners, L.
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