Enbridge Energy Partners, L.P. (NYSE:EEP) is trading up 98.57% versus 12-month low of 12.78 and stands -3.06% lower from its 1-year peak of $26.17. The consensus price target (PT) of $25.13 means that the market expects Company shares to increase by -2.4% in the short run. The sell-side target prices range from $20 to $29. In the last month the stock has moved in price 6.20%, with a one year change of 36.32%. The last trading session volume compares with the 1.03M average and market worth floats around 8.86B.
Enbridge Energy Partners, L.P. (NYSE:EEP) fell -1.44% to reach at the trading price of $25.37 as it is set to release its next quarterly earnings report on February 15, 2017. Enbridge Energy Partners, L.P. stock trades in the range of $25.35 to $25.70 before the earnings release. Let’s take a closer look at the current earnings forecast, particularly the things traders should pay close attention to. Earnings per share for the recently concluded quarter is expected to come in at $0.13 a share with $1.15B in revenue.
Enbridge Energy Partners, L.P. (EEP) Future Earnings & History
After upcoming fiscal quarter results, all eyes will be on the prospects for the next reporting quarter. Analysts, on average, forecast Enbridge Energy Partners, L.P. to earn $0.12 per share (EPS) on revenue of $1.06B. The EPS consensus range is $0.07-$0.16 on revenue between $1.14B and $950.88M.
While if we look at the Earnings Track Record, Enbridge Energy Partners, L.P. (EEP) managed to surpass quarterly earnings per share estimates in 4 of the trailing twelve fiscal quarters, and has a positive trend with an average surprise of 33%. Last time the company reported, Enbridge Energy Partners, L.P. (EEP) generated $0.09 in earnings per share, missing the consensus estimate of $0.19. Revenues hit $1.12B in the September 2017 quarter, which was below the consensus $1.13B projection. On the other hand, in the June 2017 quarter the company recorded a net $1.05B revenue with earnings per share of $0.22. Wall Street had anticipated $1.07B and $0.09, respectively. For comparison, there was a revenue of $1.06B and EPS of $0.17 in the March 2016 period.
Enbridge Energy Partners, L.P. (NYSE:EEP) Analyst Insights
The buoyancy in the outlook of Enbridge Energy Partners, L.P. (EEP) is getting weaker by the somewhat negative sentiment (2.40 on a 5-point scale) that sell-side analysts have provided concerning it. Brokerage firms on the average advocate the company shares as Sell. Goldman has been covering shares of EEP, so it is most recent view is worth a look. In a research note issued on Sep 19, 2016, analysts at Goldman lifted the stock to Neutral from Sell. Another noteworthy analyst activity was recorded on Sep 07, 2016. Simmons Analysts lifted the stock to Overweight from Neutral.