Spectra Energy Partners, LP (NYSE:SEP) – Equities researchers at Jefferies Group reduced their FY2016 earnings estimates for shares of Spectra Energy Partners, in a research report issued on Thursday. Jefferies Group analyst C. Sighinolfi now forecasts that the firm will earn $3.03 per share for the year, down from their prior estimate of $3.22. Jefferies Group currently has a “Buy” rating on the stock. Jefferies Group also issued estimates for Spectra Energy Partners,’s FY2017 earnings at $3.20 EPS.

Other research analysts have also issued reports about the stock. BMO Capital Markets reaffirmed a “buy” rating and issued a $53.00 price objective on shares of Spectra Energy Partners, in a research note on Thursday, July 7th. DA Davidson reaffirmed a “buy” rating on shares of Spectra Energy Partners, in a research note on Friday, September 9th. Tudor Pickering raised shares of Spectra Energy Partners, from a “hold” rating to a “buy” rating in a research note on Wednesday, September 7th. Stifel Nicolaus raised their price objective on shares of Spectra Energy Partners, from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, August 4th. Finally, Zacks Investment Research raised shares of Spectra Energy Partners, from a “sell” rating to a “hold” rating in a research report on Thursday, August 4th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $53.21.

Earnings History and Estimates for Spectra Energy Partners, (NYSE:SEP)

Spectra Energy Partners, (NYSE:SEP) traded up 0.901% during mid-day trading on Friday, reaching $43.579. 236,928 shares of the company’s stock were exchanged. The stock has a market cap of $13.19 billion, a price-to-earnings ratio of 13.717 and a beta of 0.66. Spectra Energy Partners, has a 52-week low of $36.21 and a 52-week high of $50.48. The company has a 50-day moving average of $43.93 and a 200-day moving average of $46.31.

Spectra Energy Partners, (NYSE:SEP) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $0.71 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.81 by $0.10. The business had revenue of $618 million for the quarter, compared to analysts’ expectations of $645.60 million. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.83 earnings per share.

Several institutional investors have recently bought and sold shares of the company. Center Coast Capital Advisors LP increased its position in Spectra Energy Partners, by 32.7% in the second quarter. Center Coast Capital Advisors LP now owns 4,097,634 shares of the company’s stock valued at $193,326,000 after buying an additional 1,009,209 shares during the last quarter. American Century Companies Inc. increased its position in Spectra Energy Partners, by 37.6% in the second quarter. American Century Companies Inc. now owns 3,334,416 shares of the company’s stock valued at $157,318,000 after buying an additional 910,672 shares during the last quarter. Hamlin Capital Management LLC acquired a new position in Spectra Energy Partners, during the second quarter valued at $39,802,000. Allianz Asset Management AG acquired a new position in Spectra Energy Partners, during the second quarter valued at $38,885,000. Finally, Bank of Montreal Can acquired a new position in Spectra Energy Partners, during the second quarter valued at $34,434,000.

Spectra Energy Partners, Company Profile

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.

5 Day Chart for NYSE:SEP

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