Barclays Assumes Spectra Energy Corp. to Equal-weight

Brokerage firm Barclays Assumes its rating on Spectra Energy Corp.(NYSE:SE). The shares have been rated Equal-weight. The rating by Barclays was issued on Apr 12, 2016.

In a different note, Deutsche Bank said it Initiates Coverage on Spectra Energy Corp., according to a research note issued on Feb 8, 2016. The shares have been rated ‘Hold’ by the firm.

Spectra Energy Corp. (SE) shares turned negative on Fridays trading session with the shares closing down -0.92 points or -3.03% at a volume of 77,44,561. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $30.145. The peak price level was also seen at $30.145 while the days lowest was $29.39. Finally the shares closed at $29.4. The 52-week high of the shares is $38.47 while the 52-week low is $21.43. According to the latest information available, the market cap of the company is $19,742 M.

Spectra Energy Corp.(SE) last announced its earnings results on Feb 3, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $1.32B. Analysts had an estimated revenue of $1.54B. Earnings per share were $0.28. Analysts had estimated an EPS of $0.31.

Several Insider Transactions has been reported to the SEC. On Mar 3, 2016, Guy G. Buckley (Chief Development Officer) sold 21,100 shares at $29.41 per share price.Also, On Nov 17, 2015, Michael E J Phelps (director) sold 1,125 shares at $27.00 per share price.On May 22, 2015, Miranda C Hubbs (director) purchased 10,000 shares at $36.10 per share price, according to the Form-4 filing with the securities and exchange commission.

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.

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