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Goldman Sachs downgraded Spectra Energy LP (NYSE:SEP) from Neutral to Sell in a report released today.

Yesterday Spectra Energy LP (NYSE:SEP) traded -1.10% lower at $44.38. The company’s 50-day moving average is $44.43 and its 200-day moving average is $44.02. The last stock close price is up -0.29% from the 200-day moving average, compared to the S&P 500 which has increased 0.03% over the same time. 91,753 shares of the stock were exchanged, down from an average trading volume of 310,902

Goldman Sachs has downgraded Spectra Energy LP (NYSE:SEP) from Neutral to Sell in a report released on 10/17/2017.

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Spectra Energy LP (NYSE:SEP)

Spectra Energy LP has a 52 week low of $40.19 and a 52 week high of $47.49 with a P/E ratio of 15.50 The company’s market cap is currently $0.

In addition to Goldman Sachs reporting its target price, a total of 16 firms have issued a report on the stock. The consensus target price is $53.75 with 4 firms rating the stock a strong buy, 6 firms rating the stock a buy, 6 firms rating the stock a hold, 1 firm rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Spectra Energy LP (NYSE:SEP)

Spectra Energy Partners, L.P. through its subsidiaries and equity affiliates, 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. Its segments include U.S. Transmission, Liquids and Other. The 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 Liquids business provides transportation and storage of crude oil for customers in the central United States and Canada. As of December 31, 2016, it had over 15,000 miles of transmission and transportation pipelines, and the storage of natural gas in underground facilities with aggregate working gas storage capacity of approximately 170 billion cubic feet in the United States and Canada. It owns and operates natural gas transmission, gathering and storage assets, and crude oil transportation and storage assets.

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