Spectra Energy Corp (SE) Shares are Down -0.79%

Spectra Energy Corp (SE) has risen sharply, recording gains of 16.78% in the past 4 weeks. However, the stock has corrected -0.79% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 19.19% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.

The stock has recorded a 20-day Moving Average of 10.21% and the 50-Day Moving Average is 14.61%.The 200 Day SMA reached 38.4% Spectra Energy Corp. is up 26.67% in the last 3-month period. Year-to-Date the stock performance stands at 84.27%.


Spectra Energy Corp (SE) : Average target price received by Spectra Energy Corp (SE) is $38.9 with an expected standard deviation of $3.78. The most aggressive target on the stock is $44, whereas the most downbeat target is $33. 10 financial analysts are currently covering the stock.

For the current week, the company shares have a recommendation consensus of Buy. Spectra Energy Corp (NYSE:SE): The stock opened at $41.92 and touched an intraday high of $42.83 on Friday. During the day, the stock corrected to an intraday low of $41.72, however, the bulls stepped in and pushed the price higher to close in the green at $42.46 with a gain of 0.57% for the day. The total traded volume for the day was 9,275,188. The stock had closed at $42.46 in the previous trading session.

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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