Spectra Energy Partners, LP (NYSE:SEP) has been downgraded to Sell in a statement by Zacks Investment Research earlier today.
- Updated: October 5, 2016
Zacks Investment Research has downgraded Spectra Energy Partners, LP (NYSE:SEP) to Sell in a statement released on Thursday October 06, 2016.
Boasting a price of $42.12, Spectra Energy Partners, LP (NYSE:SEP) traded 0.50% higher on the day. With the last stock price close down -9.45% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Spectra Energy Partners, LP has recorded a 50-day average of $44.53 and a two hundred day average of $46.51. Volume of trade was up over the average, with 697,885 shares of SEP changing hands over the typical 482,958
With a total market value of $0, Spectra Energy Partners, LP has price-earnings ratio of 13.26 with a one year low of $36.21 and a one year high of $50.48 .
A total of 16 equity analysts have released a ratings update on SEP. Four equity analysts rating the company a strong buy, six equity analysts rating the company a buy, six equity analysts rating the company a hold, one equity analyst rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $53.75.
Brief Synopsis About Spectra Energy Partners, 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 (NGLs). The Company's segments include U.S. Transmission, Liquids and Other. The U.S. Transmission business primarily provides transmission, storage, and gathering of natural gas for customers in various regions of the northeastern and southeastern United States. The U.S. Transmission segment also processes natural gas on its Texas Eastern system. The Liquids business provides transportation and storage of crude oil for customers in central United States and Canada. The Company has 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 (Bcf) in the United States and Canada.
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