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Spectra Energy Partners (SEP) Soars: Stock Adds 5.4% in Session

Zacks

Spectra Energy Partners, LP SEP was a big mover last session, as the company saw its shares rise more than 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session.

The move came after the company announced its financial guidance for 2018 as well as its long term financial and business outlook.

The company has seen three positive estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for Spectra Energy. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

Spectra Energy Partners, LP Price


Spectra Energy Partners, LP Price | Spectra Energy Partners, LP Quote

Spectra Energy currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.

A better-ranked stock in the Oils-Energy sector is Enable Midstream Partners, LP ENBL, which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is SEP going up? Or down? Predict to see what others think: Up or Down

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