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Enbridge Energy Partners (EEP) Earnings Preview For Tuesday

Enbridge Energy Partners, L.P.  (EEP) 

Background: Enbridge Energy Partners, L.P. owns and operates crude oil and liquid petroleum transportation and storage assets, as well as natural gas gathering, treating, processing, transmission, and marketing assets in the United States.

Enbridge Energy Partners is forecast to report WEAK first-quarter earnings after the market closes on April 30, 2013.

The consensus estimate is currently 18 cents a share, falling 10 cents (35.7%) from 28 cents during the same period last year. Analysts are estimating as low as 10 cents per share, up to the most optimistic estimate of 25 cents per share.

Enbridge Energy Partners pays $2.17 annually in dividend payments. The yield based on a recent price is 7.3%.

Most of the analysts are bestowing this company a hold rating. 10 out of 16 are now rendering a hold recomendation. 5 recommend this as a buy and 1 recommend selling. Shareholders have not been rewarded for their patience, shares have fallen 5% in the last year, and the average analyst target price for Enbridge Energy Partners is $31.57.

The last reported short interest is paltry and without reason to consider it a meaningful influence at only 1.4% of the average trading float.

(EEP)

(OKS)

(TRP)

(WMB)

Strong Buy

5

1

0

3

Hold

10

11

4

2

Strong Sell Ratings

1

2

0

0

Avg Analyst Price Target

$31.57

$58.92

$51.30

$40.45

Revenue

7.66 billion

10.38 billion

9.58 billion

8.04 billion

Est Low EPS

0.10

0.50

0.49

0.19

Est High EPS

0.25

0.69

0.60

0.30

1 Year Stock Price Change

-3.82%

-1.49%

10.62%

12.73%


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Stock Tickers: EEP OKS TRP Author Disclosure: NA
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