Spectra Energy Corp (SE) : 13 analysts are covering Spectra Energy Corp (SE) and their average rating on the stock is 2.46, which is read as a Buy. 3 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Spectra Energy Corp (SE) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 9 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Spectra Energy Corp (SE) : The consensus price target for Spectra Energy Corp (SE) is $35.8 for the short term with a standard deviation of $3.82. 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 $31.
Company shares have received an average consensus rating of Hold for the current week Spectra Energy Corp (NYSE:SE): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $35.79 and $35.63 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $36.27. The buying momentum continued till the end and the stock did not give up its gains. It closed at $36.14, notching a gain of 1.43% for the day. The total traded volume was 2,899,920 . The stock had closed at $35.63 on the previous day.
In a related news, Buckley Guy G., officer (Chief Development Officer) of Spectra Energy Corp., unloaded 21,100 shares at an average price of $29.41 on March 2, 2016. The total amount of the transaction was worth $620,551, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Spectra Energy Corp is a natural gas infrastructure company. 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. It operates in three areas of the natural gas industry: gathering and processing, transmission and storage, and distribution. It conducts its business in four segments: Spectra Energy Partners, Distribution, Western Canada Transmission & Processing, and Field Services. It provides transmission and storage of natural gas to customers in various regions of the northeastern and southeastern United States, the Maritime Provinces in Canada, the Pacific Northwest in the United States and Canada, and in the province of Ontario, Canada. It also provides natural gas sales and distribution services to retail customers in Ontario, and natural gas gathering and processing services to customers in western Canada.