In a report released today, Christine Cho from Barclays maintained a Hold rating on Spectra Energy Partners (NYSE: SEP), with a price target of $40. The company’s shares closed on Friday at $37.53.
According to TipRanks.com, Cho is a 2-star analyst with an average return of 0.6% and a 48.4% success rate. Cho covers the Basic Materials sector, focusing on stocks such as Cheniere Energy Partners LP Holdings LLC, Enterprise Products Partners LP, and Cheniere Energy Partners LP.
The word on The Street in general, suggests a Hold analyst consensus rating for Spectra Energy Partners with a $37 average price target, representing a -1.4% downside. In a report released yesterday, Stifel Nicolaus also reiterated a Hold rating on the stock with a $36 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 1.06M.
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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.