Spectra Energy Corp (SE): Today's Featured Energy Winner

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

Spectra Energy ( SE) pushed the Energy industry higher today making it today's featured energy winner. The industry as a whole closed the day up 1%. By the end of trading, Spectra Energy rose 95 cents (3.5%) to $27.69 on heavy volume. Throughout the day, 7.3 million shares of Spectra Energy exchanged hands as compared to its average daily volume of three million shares. The stock ranged in a price between $26.75-$27.69 after having opened the day at $26.77 as compared to the previous trading day's close of $26.74. Other companies within the Energy industry that increased today were: HyperDynamics Corporation ( HDY), up 22%, BMB Munai ( BMBM), up 14%, MV Oil ( MVO), up 13.3%, and Recovery Energy ( RECV), up 12.8%.
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Spectra Energy Corp engages in the ownership and operation of a portfolio of natural gas-related energy assets in North America. The company's U.S. Spectra Energy has a market cap of $17.67 billion and is part of the basic materials sector. The company has a P/E ratio of 17.1, below the S&P 500 P/E ratio of 17.7. Shares are down 12% year to date as of the close of trading on Thursday. Currently there are four analysts that rate Spectra Energy a buy, no analysts rate it a sell, and seven rate it a hold.

TheStreet Ratings rates Spectra Energy as a buy. Among the primary strengths of the company is its expanding profit margins over time. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

On the negative front, Recon Technology ( RCON), down 29.4%, ZaZa Energy ( ZAZA), down 11.2%, Apco Oil and Gas International ( APAGF), down 10.3%, and GeoGlobal Resources ( GGR), down 9.5%, were all laggards within the energy industry with Transocean ( RIG) being today's energy industry laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the energy industry could consider Energy Select Sector SPDR ( XLE) while those bearish on the energy industry could consider Proshares Short Oil & Gas ( DDG).

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