Spectra Energy Corp (SE) Shares are Up 1.72%

Spectra Energy Corp (SE) has been under a strong bear grip, hence the stock is down -1.81% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.29% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.72% in the last 1 week, and is up 0.63% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

Spectra Energy Corp (NYSE:SE): The stock opened at $36.93 on Friday but the bulls could not build on the opening and the stock topped out at $36.94 for the day. The stock traded down to $36.52 during the day, due to lack of any buying support eventually closed down at $36.59 with a loss of -0.71% for the day. The stock had closed at $36.85 on the previous day. The total traded volume was 4,369,275 shares.

The stock has recorded a 20-day Moving Average of 0.29% and the 50-Day Moving Average is 4.66%. Spectra Energy Corp. is up 18.32% in the last 3-month period. Year-to-Date the stock performance stands at 57.02%.

Spectra Energy Corp (SE) : Currently there are 10 street experts covering Spectra Energy Corp (SE) stock. The most bullish and bearish price target for the stock is $41 and $30 respectively for the short term. The average price target of all the analysts comes to $35.3. The estimated standard deviation from the target is $4.24.


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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