Spectra Energy Corp (SE) : 9 investment research analysts covering Spectra Energy Corp (SE) have an average price target of $33 for the near short term. The highest target price given by the Brokerage Firm to the stock is $39 and the lowest target is $30 for the short term. Analysts expect the variance to be within $2.92 of the average price.
Spectra Energy Corp (SE) has seen a shortfall of 594,455 shares or 2.3% in the short interest. The remaining shorts are 3.6% of the total floated shares. The net short interest, as on June 30,2016, stood at 25,022,174 shares and the stocks days to cover will be 5 by factoring in the average per day volume of 4,868,440 shares. On June 15,2016, 25,616,629 shares were shorted. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
Also, RBC Capital initiates coverage on Spectra Energy Corp (NYSE:SE). The shares have now been rated Outperform by the stock experts at the ratings house. The rating by the firm was issued on June 27, 2016.
Spectra Energy Corp (NYSE:SE): stock turned positive on Thursday. Though the stock opened at $37.04, the bulls momentum made the stock top out at $37.14 level for the day. The stock recorded a low of $36.51 and closed the trading day at $36.79, in the green by 0.05%. The total traded volume for the day was 3,578,774. The stock had closed at $36.77 in the previous days trading.
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.