Energy Giant Created In $127Bn Spectra Enbridge Merger

This means 57% are positive. The team feels its strengths outweigh the fact that the company has had generally high debt management risk by most measures that it evaluated.

Additionally, Goldman upgraded the Canadian pipeline company’s stock rating to “buy from “neutral” and increased its price target to $48 from $43″. CIBC issued rating on the stock of Spectra Energy Corp.

The U.S. stock market finished Wednesday’s session mostly unchanged. Enbridge now has an average rating of “Buy” and a consensus price target of C$60.87. The firm lowered its rating on SE from Overweight to Neutral. The rating by the firm was issued on July 25, 2016.

In a report announced on 9/8/2016 Goldman Sachs upped the target price of Enbridge Inc.

During last 5 trades the stock sticks nearly 17.32%. Spectra Energy Corp got Initiated on 1-Aug-16 where investment firm Simmons Initiated the stock to Overweight. It has underperformed by 12.61% the S&P500. Spectra Energy reported actual earnings last quarter of 0.24 which fails to beat the.27 consensus estimate, a -11.10% surprise.

5 year sales growth rate is an important factor for valuation analysis, the 5 year sales growth of Spectra Energy Corp (NYSE:SE) stands at 1.14 while the industry’s and the sector’s growth for next 5 years ticked at 6.26 and 5.01 respectively. SEP’s profit will be $243.77M for 14.01 P/E if the $0.80 EPS becomes a reality. Equities analysts expect that Spectra Energy Partners, will post $3.20 EPS for the current year.

Together, Enbridge and Spectra Energy bring $20 billion in secured capital and a $37 billion inventory of probability weighted projects in development. 76 funds bought stakes while 300 increased positions. They now own 56.10 million shares or 8.45% more from 51.73 million shares in 2016Q1. JPMorgan Chase & Co. reiterated a buy rating on shares of Spectra Energy Partners, in a report on Sunday, May 29th. Institutional ownership in the company is 71.20% while the short ratio is 4.71.

The companies plan to maintain “strong investment grade” credit ratings as projects that are now under construction come into service, Monaco said on a conference call. The Illinois-based Ranger International Management Lp has invested 4.26% in the stock.

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). Enbridge put up $1.5 billion for its 37% share of the 1,168-mile, $3.78 billion pipeline, which is to run from North Dakota to terminals in IL.

He said more Canadian companies are also looking to the USA, both because of the size of the market and because of Canada’s increasing regulatory hurdles. Transmission, Liquids and Other.

The company’s operations in the U.S. and Canada include approximately 21,000 miles of natural gas and crude oil pipelines; approximately 300 billion cubic feet of natural gas storage; 4.8 million barrels of crude oil storage; as well as natural gas gathering, processing, and local distribution operations.