Why Spectra Energy Partners, LP (NYSE:SEP) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $53.330 on Spectra Energy Partners, LP (NYSE:SEP) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $3.200 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Spectra Energy Partners, LP (NYSE:SEP) stands at 14.102.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Spectra Energy Partners, LP Com, the PEG ratio for coming 3-5 years is 2.670.

Technical Analysis

The technical analysis highlights that Spectra Energy Partners, LP Com current is trading $-2.324 points away or -4.932% from its 50-day moving average of $47.125. Further it is trading $-2.281 or -4.845% away its 200-day moving average of $47.082.

The 52-week high of Spectra Energy Partners, LP (NYSE:SEP) was $50.480 while lowest point recorded in 52-week was $36.210. It implies if stock price makes a movement of over $-5.679, it will record a new 52-week high. In the case of +23.725% drop, it will touch a new 52-week low.

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