NEW YORK (
) hit a new 52-week high Thursday as it is currently trading at $31.90, above its previous 52-week high of $31.89 with 366,215 shares traded as of 10:30 a.m. ET. Average volume has been 3.6 million shares over the past 30 days.
Spectra Energy has a market cap of $20.48 billion and is part of the
industry. Shares are up 2.9% year to date as of the close of trading on Wednesday.
Spectra Energy Corp, through its subsidiaries, engages in the ownership and operation of a portfolio of complementary natural gas-related energy assets in the United States and Canada. The company operates in four segments: U.S. The company has a P/E ratio of 17.1, above the average energy industry P/E ratio of 16.9 and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Spectra Energy as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, revenue growth, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full
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