Recently analysts working for various investment brokerages have changed their ratings and price targets on shares of Spectra Energy Partners, LP (NYSE:SEP). The forecast of 3 polled investment analysts covering the stock advises investors to Buy stake in the company. The stock tapped a 52-week high of US$84.73 while the 12-month Consensus Price Target is US$73.94.
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Spectra Energy Corp.’s P/E ratio now stands at 98.43, while the P/S ratio is at 6.09 and the potential growth rate of earnings per share this year is at -81.90%.
The performance week for Spectra Energy Corp.is at 0.02% and the performance month is at 16.25%. The firm lowered its rating on SE from Buy to Neutral.
05/11/2016 – Sanford C. Bernstein began new coverage on Spectra Energy Partners, LP giving the company a “market perform” rating. They now have a Dollars 27 price target on the stock.
08/01/2016 – Enbridge Energy, L.P. was upgraded to “outperform” by analysts at Credit Suisse. They now have a United States dollars 53 price target on the stock. They now have a Dollars 17 price target on the stock. The stock’s market capitalization is 8.58B.
02/08/2016 – Deutsche Bank began new coverage on Spectra Energy Partners, LP giving the company a “buy” rating. 1 analysts call it Overweight, while 0 think it is Underweight.
10/08/2015 – Enbridge Energy, L.P. was upgraded to “outperform” by analysts at Oppenheimer. A Chief Development Officer in the company, Buckley Guy G., on Wednesday March 02, 2016 collected $620,550 from the sale of 21,100 shares at a per-share price of $36.25. 2 analysts call it Underweight, while 0 think it is Overweight. They now have a United States dollars 61 price target on the stock.
08/13/2015 – Spectra Energy Partners, LP was upgraded to “overweight” by analysts at JP Morgan.
Spectra Energy Corp (SE): The most positive equity analysts on Spectra Energy Corp (SE) expects the shares to touch $44, whereas, the least positive believes that the stock will trade at $33 in the short term.
Spectra Energy Corp is a natural gas infrastructure company.
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The stock’s 50 day moving average is 24.06 and its 200 day moving average is 21.54. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The Company’s activities include interstate pipeline transportation and storage of crude oil and liquid petroleum, and gathering, treating, processing and transportation of natural gas and natural gas liquids (NGLs), through pipelines and related facilities, and supply, transportation and sales services, including purchasing and selling natural gas and NGLs. The Company operates two segments: U.S. Transmission, and Liquids. It operates in three areas of the natural gas industry: gathering and processing, transmission and storage, and distribution. The Companys Liquids business provides transportation and storage of crude oil and transportation of NGLs for customers in central and southern United States and Canada.
