Spectra Energy Partners, LP (NYSE:SEP) had its price target raised by research analysts at Stifel Nicolaus from $50.00 to $55.00 in a research report issued on Thursday. The Liquids business provides transportation and storage of crude oil for customers in central United States and Canada.
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“Spectra Energy achieved another solid quarter thanks to the strength of our diversified portfolio, and our earnings remain in line with the overall expectations we set at the beginning of the year”, said Greg Ebel, CEO of Spectra Energy. Looking forward, analysts on average predict that earnings for the current quarter would come in between $0.20 and $0.42. Bank of Montreal Can boosted its stake in Spectra Energy Partners, by 40.1% in the fourth quarter. The most optimist securities analyst among the 10 who monitor the stock believes that the stock can reach $41, however, the pessimist price target for the company is $30. Company has a market cap of $13,982 M. Spectra Energy Partners, LP has a 52-week low of 36.21 and a 52-week high of 52.49. The firm’s 50-day moving average price is $47.15 and its 200-day moving average price is $46.53. While revenue estimates for the current year is 5.48B, setting the highest revenues estimates of 5.23B and indicating lowest revenues at 5.19B according to agreement of 8 number of analysts. A Chief Development Officer at Spectra Energy Corp. The 1 year high for the stock price is 37.14 Dollars while the year low share price is now 21.43 USD. Shareholders of record on Monday, August 15th will be paid a $0.6638 dividend.
Spectra’s field-services segment posted a loss of $14 million from a loss of $233 million in the quarter the prior year, as the previous year had $206 million in special items. This quarterly cash distribution equates to $2.655 per unit on an annual basis.
Back on 8/5/2015 the company’s estimated EPS value was $0.18 and it reported $0.23 earnings per share (EPS) for the quarter ended on 6/2015. BNP Paribas Arbitrage SA now owns 274,640 shares of the company’s stock valued at $13,100,000 after buying an additional 137,972 shares during the last quarter. The stock was initiated at Overweight, wrote analysts at Simmons, in a note issued to clients on Monday August 01, 2016.
01/15/2016 – Spectra Energy Partners, LP was upgraded to “outperform” by analysts at RBC Capital.
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Spectra Energy Corp (NYSE:SE): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. Piper Jaffray Cos. started coverage on Spectra Energy Partners, in a report on Monday. The Company owns and operates natural gas-related energy assets and a crude oil pipeline system connecting Canadian and the United States producers to refineries in the United States Rocky Mountain and Midwest regions. The Company’s segments include U.S. Transmission, Liquids and Other.
