Spectra Energy Corp (SE): Today's Featured Energy Winner
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.
(
) pushed the Energy industry higher today making it today's featured energy winner. The industry as a whole closed the day up 0.7%. By the end of trading, Spectra Energy rose $0.45 (1.3%) to $34.46 on light volume. Throughout the day, 2,024,214 shares of Spectra Energy exchanged hands as compared to its average daily volume of 3,637,800 shares. The stock ranged in a price between $34.05-$34.46 after having opened the day at $34.06 as compared to the previous trading day's close of $34.01. Other companies within the Energy industry that increased today were:
(
), up 57.9%,
Andatee China Marine Fuel Services Corporat
(
), up 37.0%,
(
), up 8.7% and
Magnum Hunter Resources Corportion
(
), up 7.5%.
Spectra Energy Corp, through its subsidiaries, owns and operates a portfolio of natural gas-related energy assets in North America. The company's U.S. Spectra Energy has a market cap of $22.9 billion and is part of the basic materials sector. Shares are up 24.8% year to date as of the close of trading on Wednesday. Currently there are 7 analysts that rate Spectra Energy a buy, no analysts rate it a sell, and 3 rate it a hold.
TheStreet Ratings 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 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.
- You can view the full Spectra Energy Ratings Report.
On the negative front,
(
), down 9.6%,
(
), down 6.9%,
(
), down 5.4% and
(
), down 4.8% , were all laggards within the energy industry with
(
) being today's energy industry laggard.
- Use our energy section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the energy industry could consider
(
) while those bearish on the energy industry could consider
(
).
- Find other investment ideas from our top rated ETFs lists.
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