Spectra Energy Partners LP (SEP) was Initiated by Simmons to “Overweight” and the brokerage firm has set the Price Target at $60. Simmons advised their investors in a research report released on Aug 1, 2016.
Many Wall Street Analysts have commented on Spectra Energy Partners LP. Stifel Initiated Spectra Energy Partners LP on May 31, 2016 to “Buy”, Price Target of the shares are set at $50.
Spectra Energy Partners LP opened for trading at $47.9 and hit $48.97 on the upside on Friday, eventually ending the session at $48.74, with a gain of 1.56% or 0.75 points. The heightened volatility saw the trading volume jump to 4,03,232 shares. Company has a market cap of $13,982 M.
In a different news, 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.