Barclays Assumes Spectra Energy Partners LP to Overweight

Brokerage firm Barclays Assumes its rating on Spectra Energy Partners LP(NYSE:SEP). The shares have been rated Overweight. The rating by Barclays was issued on Apr 12, 2016.

In a different note, On Mar 17, 2016, Credit Suisse said it Downgrades its rating on Spectra Energy Partners LP. In the research note, the firm Lowers the price-target to $56.00 per share. The shares have been rated ‘Neutral’ by the firm. On Feb 8, 2016, Credit Suisse said it Maintains its rating on Spectra Energy Partners LP. In the research note, the firm Lowers the price-target to $61.00 per share. The shares have been rated ‘Outperform’ by the firm. Deutsche Bank said it Initiates Coverage on Spectra Energy Partners LP, according to a research note issued on Feb 8, 2016. The shares have been rated ‘Buy’ by the firm. On Jan 20, 2016, Morgan Stanley said it Upgrades its rating on Spectra Energy Partners LP. The shares have been rated ‘Equal-weight’ by the firm. On Jan 15, 2016, RBC Capital said it Upgrades its rating on Spectra Energy Partners LP. The shares have been rated ‘Outperform’ by the firm. On Jan 15, 2016, Wells Fargo said it Upgrades its rating on Spectra Energy Partners LP. The shares have been rated ‘Outperform’ by the firm.

Spectra Energy Partners LP (SEP) shares turned negative on Fridays trading session with the shares closing down -0.89 points or -1.84% at a volume of 2,85,537. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $48.63. The peak price level was also seen at $48.63 while the days lowest was $47.25. Finally the shares closed at $47.58. The 52-week high of the shares is $55.95 while the 52-week low is $36.21. According to the latest information available, the market cap of the company is $13,567 M.

Spectra Energy Partners LP(SEP) last announced its earnings results on Feb 3, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $634.00M. Analysts had an estimated revenue of $636.94M. Earnings per share were $0.84. Analysts had estimated an EPS of $0.80.

Several Insider Transactions has been reported to the SEC. On Dec 4, 2015, J D Woodward (director) purchased 1,500 shares at $39.30 per share price.

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 Company’s 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 Company’s 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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