In a report released today, Michael Blum from Wells Fargo maintained a Hold rating on Spectra Energy Partners (NYSE: SEP). The company’s shares opened today at $38.11.
According to TipRanks.com, Blum is a 4-star analyst with an average return of 13.1% and a 63.0% success rate. Blum covers the Basic Materials sector, focusing on stocks such as Energy Transfer Eq, Kinder Morgan, and EQT Midstream.
Spectra Energy Partners has an analyst consensus of Hold, with a price target consensus of $37.67, a -1.2% downside from current levels. In a report issued on August 2, Barclays also maintained a Hold rating on the stock with a $40 price target.
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The company has a one-year high of $46.24 and a one-year low of $29.89. Currently, Spectra Energy Partners has an average volume of 1.05M.
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Spectra Energy Partners LP engages in the transmission, storage, and gathering of natural gas. The company also transports and stores crude oil through the interstate pipeline systems. It operates through the following segments: U.S. Transmission, and Liquids.
