Spectra Energy Partners LP (SEP) Receives Analyst Rating

Spectra Energy Partners LP (SEP) has an average broker rating of 1.87, which is interpreted as a Buy, as rated by 15 equity analysts. Nonetheless, 8 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 2 other analysts advise a Buy. Nevertheless, the majority of 4 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 considers that the stock is a Sell.

Spectra Energy Partners LP (SEP) : The consensus price target for Spectra Energy Partners LP (SEP) is $53 for the short term with a standard deviation of $4.06. The most optimist securities analyst among the 13 who monitor the stock believes that the stock can reach $58, however, the pessimist price target for the company is $43.


Also, PiperJaffray downgrades its view on Spectra Energy Partners LP (NYSE:SEP) according to the research report released by the firm to its investors. The shares have now been rated Neutral by the stock experts at the ratings house. Earlier, the shares had a rating of Overweight. The rating by the firm was issued on September 7, 2016.

Spectra Energy Partners LP (NYSE:SEP): The stock opened in the green at $43.22 on Thursday, but the bulls found it difficult to push the prices higher. The stock reached a high of $43.5599 and a low of $42.95 for the day. The stock did not find buyers even at the lows and closed at $43.12 recording a loss of -0.35%. 480,221 shares exchanged hands during the trading day. The stock had closed at $43.27 in the previous days trading.

Spectra Energy Partners, LP 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 owns and operates natural gas transmission, gathering and storage assets, and crude oil transportation and storage assets, in central, southern and eastern United States, as well as western Canada. The Company operates two segments: U.S. Transmission, and Liquids. The Companys 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 Companys Liquids business provides transportation and storage of crude oil and transportation of NGLs for customers in central and southern United States and Canada.

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