Company shares were Downgraded by KLR Group on Jul 18, 2016 to ” Accumulate”, Firm has raised the Price Target to $ 44 from a previous price target of $41.Company shares were Upgraded by Scotia Howard Weil on Jul 11, 2016 to ” Focus Stock”, Firm has raised the Price Target to $ 61 from a previous price target of $50.
Spectra Energy Corp. closed down -0.01 points or -0.03% at $35.61 with 26,05,207 shares getting traded on Thursday. The count of Hold ratings in that period was 1. Simmons lowered Spectra Energy Partners, from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $60.00 to $51.00 in a research report on Wednesday. This is the consensus number calculated from the 10 polled analysts taken into consideration by Zacks. The energy company reported $0.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.19) by $0.25. It has a target price of 64.25 (IPO Date).
Spectra Energy Corp. (SE) on September 6, 2016 announced that they have entered into a definitive merger agreement under which Enbridge and Spectra Energy will combine in a stock-for-stock merger transaction (the “Transaction”), which values Spectra Energy common stock at approximately C$37 billion ( US$28 billion ), based on the closing price of Enbridge’s common shares on September 2, 2016. The heightened volatility saw the trading volume jump to 60,26,770 shares. The Market Capitalization of the company stands at 30.37 Billion. Valero Energy Corporation has a 20-Day Simple Moving Average 7.44% . Spectra Energy Partners, has a 52 week low of $36.21 and a 52 week high of $50.48.
On last trading day Spectra Energy Corp. The actual earnings per share $1.07 was $0.06 away from the consensus analyst number. The EPS estimate stands at $0.69 for the coming fiscal while the estimate has been fixed at $12.99 for next 3 to 5 years, by 3 brokerages.
Other Hedge Funds, Including, Tph Asset Management boosted its stake in DVN in the latest quarter, The investment management firm added 31,050 additional shares and now holds a total of 61,165 shares of Devon Energy Corp which is valued at $2,548,746.
These analysts also forecasted Growth Estimates for the Current Quarter for SE to be 21.7%.
The firm also recently declared a quarterly dividend, which was paid on Friday, August 26th. This represents a $2.66 annualized dividend and a dividend yield of 5.94%. The EPS growth for the next five years accounts to -10.40% *. Spectra Energy is the general partner of Spectra Energy Partners (NYSE: SEP), one of the largest pipeline master limited partnerships in the United States and owner of the natural gas and crude oil assets in Spectra Energy’s USA portfolio. The combination will create the largest energy infrastructure company in North America and one of the largest globally based on a pro-forma enterprise value of approximately C$165 billion ( US$127 billion ). The number of shares now owned by investors are 516.86 mln.
Devon Energy Corporation (Devon) is an independent energy company engaged in the exploration, development and production of oil, natural gas and natural gas liquids (NGLs).