Similar to wise buying decisions, exiting certain underperformers at the right time helps maximize portfolio returns. Selling off losers can be difficult, but if both the share price and estimates are falling, it could be time to get rid of the security before more losses hit your portfolio.
One such stock that you may want to consider dropping is Enbridge Energy Management, L.L.C. , which has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions for the current quarter and the current year. A Zacks Rank #5 (Strong Sell) further confirms weakness in EEQ.
A key reason for this move has been the negative trend in earnings estimate revisions. For the full year, we have seen four estimates moving down in the past 30 days, compared with just no upward revisions. This trend has caused the consensus estimate to trend lower, going from 86 cents a share a month ago to its current level of 70 cents.
Also, for the current quarter, Enbridge Energy has seen two downward estimate revisions versus no revisions in the opposite direction, dragging the consensus estimate down to 17 cents a share from 20 cents over the past 30 days.
The stock also has seen some pretty dismal trading lately, as the share price has dropped 23.4% in the past month.
Enbridge Energy Management LLC Price and Consensus
So it may not be a good decision to keep this stock in your portfolio anymore, at least if you don’t have a long time horizon to wait.
If you are still interested in the Oil and Gas - Production Pipeline - MLB industry, you may instead consider a better-ranked stock – Oasis Midstream Partners LP . The stock currently holds a Zacks Rank #2 (Buy) and may be a better selection at this time. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
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Should You Get Rid of Enbridge Energy (EEQ) Now?
Similar to wise buying decisions, exiting certain underperformers at the right time helps maximize portfolio returns. Selling off losers can be difficult, but if both the share price and estimates are falling, it could be time to get rid of the security before more losses hit your portfolio.
One such stock that you may want to consider dropping is Enbridge Energy Management, L.L.C. , which has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions for the current quarter and the current year. A Zacks Rank #5 (Strong Sell) further confirms weakness in EEQ.
A key reason for this move has been the negative trend in earnings estimate revisions. For the full year, we have seen four estimates moving down in the past 30 days, compared with just no upward revisions. This trend has caused the consensus estimate to trend lower, going from 86 cents a share a month ago to its current level of 70 cents.
Also, for the current quarter, Enbridge Energy has seen two downward estimate revisions versus no revisions in the opposite direction, dragging the consensus estimate down to 17 cents a share from 20 cents over the past 30 days.
The stock also has seen some pretty dismal trading lately, as the share price has dropped 23.4% in the past month.
Enbridge Energy Management LLC Price and Consensus
Enbridge Energy Management LLC Price and Consensus | Enbridge Energy Management LLC Quote
So it may not be a good decision to keep this stock in your portfolio anymore, at least if you don’t have a long time horizon to wait.
If you are still interested in the Oil and Gas - Production Pipeline - MLB industry, you may instead consider a better-ranked stock – Oasis Midstream Partners LP . The stock currently holds a Zacks Rank #2 (Buy) and may be a better selection at this time. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Click for details >>