NEW YORK (
) hit a new 52-week high Monday as it traded at $27.30 compared with its previous 52-Week high of $27.24. Spectra Energy is changing hands at $27.27 with 206,754 shares traded as of 9:47 a.m. ET. Average volume has been three million shares over the past 30 days.
Spectra Energy has a market cap of $17.4 billion and is part of the
industry. Shares are up 8.4% year to date as of the close of trading on Friday.
Spectra Energy Corp, through its subsidiaries and equity affiliates, engages in the ownership and operation of a portfolio of complementary natural gas-related energy assets. The company operates in four segments: U.S. The company has a P/E ratio of 16.7, above the average energy industry P/E ratio of 16.6 and above the S&P 500 P/E ratio of 16.2.
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TheStreet Ratings rates Spectra Energy as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, expanding profit margins and compelling growth in net income. 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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