Spectra Energy Partners, LP (SEP) Reaches $30.44 52-Week Low; EMS CHEMIE HOLDING AG DOMAT EMS ORDINARY (EMSHF) Sellers Increased By 2.86% Their Shorts

May 25, 2018 - By Maria Brooks

Spectra Energy Partners, LP (NYSE:SEP) Logo

The stock of Spectra Energy Partners, LP (NYSE:SEP) hit a new 52-week low and has $29.53 target or 3.00% below today’s $30.44 share price. The 9 months bearish chart indicates high risk for the $14.76B company. The 1-year low was reported on May, 25 by Barchart.com. If the $29.53 price target is reached, the company will be worth $442.74 million less. The stock decreased 1.34% or $0.41 during the last trading session, reaching $30.44. About 132,795 shares traded. Spectra Energy Partners, LP (NYSE:SEP) has declined 22.60% since May 25, 2017 and is downtrending. It has underperformed by 34.15% the S&P500.

EMS CHEMIE HOLDING AG DOMAT EMS ORDINARY (OTCMKTS:EMSHF) had an increase of 2.86% in short interest. EMSHF’s SI was 14,400 shares in May as released by FINRA. Its up 2.86% from 14,000 shares previously. With 100 avg volume, 144 days are for EMS CHEMIE HOLDING AG DOMAT EMS ORDINARY (OTCMKTS:EMSHF)’s short sellers to cover EMSHF’s short positions. The SI to EMS CHEMIE HOLDING AG DOMAT EMS ORDINARY’s float is 0.2%. It closed at $720 lastly. It is down 0.00% since May 25, 2017 and is . It has underperformed by 11.55% the S&P500.

EMS-CHEMIE HOLDING AG engages in high performance polymers and specialty chemicals businesses worldwide. The company has market cap of $. The companyÂ’s High Performance Polymers segment is involved in the manufacture and supply of high performance polyamides and polyamide materials; and supply of adhesives, sealants, and coatings, including application engineering systems. It currently has negative earnings. The Company’s Specialty Chemicals segment develops, produces, and sells flat fibers, fusible adhesive fibers, coarse and bi-component fibers, fusible adhesives, and adhesive yarns; adhesion promoters; powder coatings; and reactive diluents.

Among 22 analysts covering Spectra Energy Partners LP (NYSE:SEP), 5 have Buy rating, 3 Sell and 14 Hold. Therefore 23% are positive. Spectra Energy Partners LP had 68 analyst reports since July 23, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Wednesday, December 20 by Jefferies. Jefferies maintained it with “Buy” rating and $50.0 target in Monday, October 16 report. RBC Capital Markets upgraded Spectra Energy Partners, LP (NYSE:SEP) on Friday, January 15 to “Outperform” rating. As per Friday, April 7, the company rating was maintained by Credit Suisse. RBC Capital Markets maintained the stock with “Buy” rating in Monday, January 22 report. The company was maintained on Friday, March 9 by Morgan Stanley. On Tuesday, October 17 the stock rating was downgraded by Goldman Sachs to “Sell”. The stock of Spectra Energy Partners, LP (NYSE:SEP) earned “Buy” rating by RBC Capital Markets on Wednesday, December 13. Tudor Pickering upgraded the shares of SEP in report on Thursday, September 8 to “Buy” rating. The firm has “Overweight” rating by JP Morgan given on Friday, May 27.

More news for Spectra Energy Partners, LP (NYSE:SEP) were recently published by: 247Wallst.com, which released: “What’s Behind Enbridge Offer for Spectra Energy Partners” on May 18, 2018. Bizjournals.com‘s article titled: “Enbridge offers to buy MLPs, income fund for $8.86B in wake of FERC policy change” and published on May 21, 2018 is yet another important article.

Spectra Energy Partners, LP operates as an investment arm of Spectra Energy Corp. The company has market cap of $14.76 billion. Spectra Energy Partners, LP, through its subsidiaries, engages in the transportation of natural gas through interstate pipeline systems, and the storage of natural gas in underground facilities in the United States. It has a 39.32 P/E ratio. As of December 31, 2007, it owned and operated 100% of the approximately 1,400-mile East Tennessee interstate natural gas transportation system that extends from central Tennessee eastward into southwest Virginia and northern North Carolina, and southward into northern Georgia; and a liquefied natural gas storage facility in Kingsport, Tennessee with working gas storage capacity of approximately 1.1 billion cubic feet and re-gasification capability of 150 million cubic feet per day.

Analysts await Spectra Energy Partners, LP (NYSE:SEP) to report earnings on August, 1. They expect $0.74 earnings per share, down 11.90% or $0.10 from last year’s $0.84 per share. SEP’s profit will be $358.77 million for 10.28 P/E if the $0.74 EPS becomes a reality. After $0.86 actual earnings per share reported by Spectra Energy Partners, LP for the previous quarter, Wall Street now forecasts -13.95% negative EPS growth.

Investors sentiment decreased to 0.82 in 2017 Q4. Its down 0.31, from 1.13 in 2017Q3. It fall, as 22 investors sold Spectra Energy Partners, LP shares while 74 reduced holdings. 24 funds opened positions while 55 raised stakes. 66.54 million shares or 6.90% more from 62.25 million shares in 2017Q3 were reported. 125,907 were accumulated by Credit Suisse Ag. Riverpoint Capital Llc owns 0.05% invested in Spectra Energy Partners, LP (NYSE:SEP) for 20,025 shares. 10,020 are owned by Stephens Ar. Tiedemann Wealth Mngmt Lc invested in 374,675 shares or 1.13% of the stock. 3.39M are owned by Kayne Anderson Cap Advisors Ltd Partnership. Citadel Advsr Limited Company owns 0% invested in Spectra Energy Partners, LP (NYSE:SEP) for 51,484 shares. The Minnesota-based Ameriprise Incorporated has invested 0% in Spectra Energy Partners, LP (NYSE:SEP). Invesco Ltd invested in 0% or 46,625 shares. Calamos Ltd reported 238,200 shares or 0.05% of all its holdings. Beach Counsel Pa invested 0.02% in Spectra Energy Partners, LP (NYSE:SEP). Van Eck Associate holds 24,436 shares or 0% of its portfolio. Washington Savings Bank holds 0.02% or 3,000 shares in its portfolio. Gould Asset Management Ltd Llc Ca reported 0.16% stake. The United Kingdom-based Hsbc Public Limited Co has invested 0% in Spectra Energy Partners, LP (NYSE:SEP). Advantus stated it has 0.04% in Spectra Energy Partners, LP (NYSE:SEP).

Spectra Energy Partners, LP (NYSE:SEP) Institutional Positions Chart

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