Spectra Energy Partners LP (SEP) Shares are Down -1.73%

Spectra Energy Partners LP (SEP) : During the past 4 weeks, traders have been relatively bearish on Spectra Energy Partners LP (SEP), hence the stock is down -3.35% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.89% relative to the S&P 500. The 4-week change in the price of the stock is -3.87% and the stock has fallen -1.73% in the past 1 week.

The stock has recorded a 20-day Moving Average of 0.75% and the 50-Day Moving Average is 4.65%.The 200 Day SMA reached 3%


Spectra Energy Partners LP (NYSE:SEP): The stock opened in the green at $44.3 on Friday, but the bulls found it difficult to push the prices higher. The stock reached a high of $44.3 and a low of $43.66 for the day. The stock did not find buyers even at the lows and closed at $43.69 recording a loss of -1.06%. 618,599 shares exchanged hands during the trading day. The stock had closed at $43.69 in the previous days trading.

Spectra Energy Partners LP (SEP) stock is expected to deviate a maximum of $4.06 from the average target price of $53 for the short term period. 13 Street Experts have initiated coverage on the stock with the most promising target being $58 and the most muted being $43.

Spectra Energy Partners, LP is engaged in the transmission, storage and gathering of natural gas, the transportation and storage of crude oil, and the transportation of natural gas liquids (NGLs. The Company owns and operates natural gas transmission, gathering and storage assets, and crude oil transportation and storage assets, in central, southern and eastern United States, as well as western Canada. The Company operates two segments: U.S. Transmission, and Liquids. The Companys U.S. Transmission business provides transmission, storage, and gathering of natural gas for customers in various regions of the northeastern and southeastern United States. 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.

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