Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
Trade-Ideas LLC identified
) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Spectra Energy as such a stock due to the following factors:
- SE has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $93.5 million.
- SE has traded 29,696 shares today.
- SE is trading at a new lifetime high.
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More details on SE:
Spectra Energy Corp., through its subsidiaries, owns and operates a portfolio of natural gas-related energy assets in North America. The stock currently has a dividend yield of 3.3%. SE has a PE ratio of 24.2. Currently there are 5 analysts that rate Spectra Energy a buy, no analysts rate it a sell, and 5 rate it a hold.
The average volume for Spectra Energy has been 2.5 million shares per day over the past 30 days. Spectra Energy has a market cap of $27.0 billion and is part of the basic materials sector and energy industry. The stock has a beta of 0.82 and a short float of 1.8% with 5.38 days to cover. Shares are up 13.8% year-to-date as of the close of trading on Thursday.
rates Spectra Energy as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, good cash flow from operations, compelling growth in net income and solid stock price performance. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.
Highlights from the ratings report include:
- The revenue growth came in higher than the industry average of 3.0%. Since the same quarter one year prior, revenues rose by 16.0%. Growth in the company's revenue appears to have helped boost the earnings per share.
- The net income growth from the same quarter one year ago has significantly exceeded that of the Oil, Gas & Consumable Fuels industry average, but is less than that of the S&P 500. The net income increased by 23.2% when compared to the same quarter one year prior, going from $340.00 million to $419.00 million.
- 45.52% is the gross profit margin for SPECTRA ENERGY CORP which we consider to be strong. It has increased from the same quarter the previous year. Along with this, the net profit margin of 22.73% significantly outperformed against the industry average.
- Net operating cash flow has increased to $686.00 million or 17.86% when compared to the same quarter last year. In addition, SPECTRA ENERGY CORP has also modestly surpassed the industry average cash flow growth rate of 17.08%.
- Investors have apparently begun to recognize positive factors similar to those we have mentioned in this report, including earnings growth. This has helped drive up the company's shares by a sharp 28.20% over the past year, a rise that has exceeded that of the S&P 500 Index. We feel that the stock's sharp appreciation over the last year has driven it to a price level which is now somewhat expensive compared to the rest of its industry. The other strengths this company shows, however, justify the higher price levels.
- You can view the full Spectra Energy Ratings Report.