Spectra Energy Corp (NYSE:SE) registered a -3.34% decrease, still its new closing price is 71.20% up from the company’s 1 year high of 43.59.It posted 0.07% gains in previous 5 sessions and is now the subject of 8 analysts who together assign a hold rating on stock. 0 of Wall Street analysts have an underperform rating; the 0 sells versus 0 buy or better ratings. The 11 stock analysts following this company have an average price target at $41.80, with individual PT in the $33.00-$55.00 range. The shares moved at $42.00, implying that brokerage firms see shares gaining about 62.54% in twelve months time.
Spectra Energy Corp (SE) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a 2.21% rise year to date. A President and CEO at Spectra Energy Corp (SE) offloaded shares in a transaction closed on Thursday November 17, 2016. EBEL GREGORY L sold 66,587 shares in the company at $40.78 each and collected $2,715,000 in proceeds. EBEL GREGORY L now owns 301,548 shares in the company after this transaction. A Chief Administrative Officer in the company, Ables Dorothy M, disclosed a transaction on Tuesday August 09, 2016 that ended up generating $1,210,001 from the sale of 33,400 shares at $36.25 per share.
Spectra Energy Corp (NYSE:SE) Upcoming Results on Tap
Spectra Energy Corp will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $0.27 in that period. Sales during the quarter are predicted to arrive at $1.49 billion.
Earnings surprise history: Last quarter, the company posted approximately $1.08 billion in revenue and EPS of $0.27. The mean forecast was for $1.14 billion and $0.25 a share, respectively. One quarter earlier, revenue for the stock was at $1.16 billion, with earnings at $0.24/share.
Spectra Energy Corp (SE) Brokerage Update
Spectra Energy Corp (SE) is in Argus’s research list so their analyst rating change is noteworthy. These shares were downgraded to Hold from Buy by Argus, according to news reported on Monday September 26, 2016.Another important research note was issued by UBS on Monday September 12, 2016.The firm downgraded SE to Neutral from Buy. Over the last six months and over the last three months, the shares of Spectra Energy Corp (SE), have changed 18.85% and 0.51%, respectively.