Spectra Energy Corp (SE) Receives ‘Analyst’ Rating

Spectra Energy Corp (SE) : Zacks Investment Research ranks Spectra Energy Corp (SE) as 3, which is a Hold recommendation. 1 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 other analysts are mildly bullish on the stock and favor a Buy. A total of 11 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 14 research analysts is 2.71, which indicates as a Hold.

Spectra Energy Corp (SE) : The most positive equity analysts on Spectra Energy Corp (SE) expects the shares to touch $44, whereas, the least positive believes that the stock will trade at $33 in the short term. The company is covered by 10 Wall Street Brokerage Firms. The average price target for shares are $38.9 with an expected fluctuation of $3.78 from the mean.


Also, Brokerage firm Goldman Sachs downgrades its rating on Spectra Energy Corp (NYSE:SE). As per the latest information, the brokerage house raises the price target to $41 per share from a prior target of $39. The shares have been rated Neutral. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on September 8, 2016.

Spectra Energy Corp (NYSE:SE): After opening at $41.93, the stock dipped to an intraday low of $41.82 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $42.465 and the buying power remained strong till the end. The stock closed at $42.22 for the day, a gain of 0.69% for the day session. The total traded volume was 4,343,325. The stocks close on the previous trading day was $41.93.

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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