RBC Capital analyst T J Schultz reiterated a Hold rating on Enbridge Energy LP (NYSE: EEP) today and set a price target of $12. The company’s shares opened today at $11.20.
According to TipRanks.com, Schultz is a top 100 analyst with an average return of 21.0% and a 70.8% success rate. Schultz covers the Basic Materials sector, focusing on stocks such as Enterprise Products Partners LP, Enbridge Energy Management, and CNX Midstream Partners LP.
Enbridge Energy LP has an analyst consensus of Moderate Sell, with a price target consensus of $11.
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Based on Enbridge Energy LP’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $537 million and net profit of $83 million. In comparison, last year the company had a net profit of $94.5 million.
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Enbridge Energy Partners LP owns and operates crude oil and liquid petroleum transportation and storage assets. The company was founded in 1991 and is headquartered in Houston, TX.
