Enbridge Energy Partners (EEP) Moving On Heavy Pre-Market Trading
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
Trade-Ideas LLC identified
(
) as a pre-market mover with heavy volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Enbridge Energy Partners as such a stock due to the following factors:
- EEP has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $19.1 million
- EEP traded 65,715 shares today in the pre-market hours as of 8:27 AM, representing 12.5% of its average daily volume
EXCLUSIVE OFFER: Get the inside scoop on opportunities in EEP with the Ticky from Trade-Ideas. See the FREE profile for EEP NOW at Trade-Ideas
More details on EEP:
Enbridge Energy Partners, L.P. owns and operates crude oil and liquid petroleum transportation and storage assets; and natural gas gathering, treating, processing, transportation, and marketing assets in the United States. It operates through two segments, Liquids and Natural Gas. The stock currently has a dividend yield of 5.9%. EEP has a PE ratio of 57.6099999999999994315658113919198513031005859375. Currently there are two analysts that rate Enbridge Energy Partners a buy, one analyst rates it a sell, and seven rate it a hold.
The average volume for Enbridge Energy Partners has been 1 million shares per day over the past 30 days. Enbridge Energy has a market cap of $9.81 billion and is part of the basic materials sector and energy industry. The stock has a beta of 0.48 and a short float of 4% with 15.89 days to cover. Shares are down 3.7% year-to-date as of the close of trading on Friday.
Analysis:
rates Enbridge Energy Partners as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.
Highlights from the ratings report include:
- The revenue growth came in higher than the industry average of 19.8%. Since the same quarter one year prior, revenues slightly increased by 5.6%. Growth in the company's revenue appears to have helped boost the earnings per share.
- ENBRIDGE ENERGY PRTNRS -LP reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past year. We feel that this trend should continue. During the past fiscal year, ENBRIDGE ENERGY PRTNRS -LP turned its bottom line around by earning $0.67 versus -$0.38 in the prior year. This year, the market expects an improvement in earnings ($1.12 versus $0.67).
- The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Oil, Gas & Consumable Fuels industry. The net income increased by 2541.8% when compared to the same quarter one year prior, rising from $9.10 million to $240.40 million.
- 41.03% is the gross profit margin for ENBRIDGE ENERGY PRTNRS -LP which we consider to be strong. It has increased significantly from the same period last year. Along with this, the net profit margin of 11.60% is above that of the industry average.
- Net operating cash flow has increased to $325.10 million or 20.45% when compared to the same quarter last year. The firm also exceeded the industry average cash flow growth rate of -11.94%.
- You can view the full Enbridge Energy Partners Ratings Report
null