Argus downgraded Spectra Energy (NYSE:SE) from Buy to Hold in a report released today.
- Updated: September 25, 2016
Having a price of $42.31, Spectra Energy (NYSE:SE) traded -0.40% lower on the day. With the last close up 23.88% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Spectra Energy has recorded a 50-day average of $38.59 and a two hundred day average of $34.15. Volume of trade was down over the average, with 2,966,576 shares of SE changing hands under the typical 5,642,360
Argus has downgraded Spectra Energy (NYSE:SE) from Buy to Hold in a statement released on 9/26/2016.
On 9/12/2016, UBS Securities released a statement on Spectra Energy (NYSE:SE) upped the target price from $39.00 to $44.00 that suggested an upside of 0.03%.
With a total market value of $0, Spectra Energy has price-earnings ratio of 97.71 with a one year low of $21.43 and a one year high of $44.00 .
A total of 15 equity analysts have issued a ratings update on the company. Three analysts rating the stock a strong buy, 2 brokerages rating the stock a buy, 12 firms rating the stock a hold, zero analysts rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $33.47.
About Spectra Energy (NYSE:SE)
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. It conducts its business in four segments: Spectra Energy Partners, Distribution, Western Canada Transmission & Processing and Field Services. Its Spectra Energy Partners segment provides transmission, storage and gathering of natural gas, as well as the transportation and storage of crude oil through interstate pipeline systems. Its Distribution segment provides distribution services in Canada through its subsidiary, Union Gas Limited. Its Western Canada Transmission & Processing business comprises the British Columbia (BC) Pipeline, BC Field Services, Canadian Midstream and Empress NGL operations, and Maritimes & Northeast Pipeline Limited Partnership. Its Field Services segment consists of approximately 50% investment in DCP Midstream, LLC.
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