Company Update: Spectra Energy Corp (NYSE:SE) – Spectra Energy and Spectra Energy Partners Schedule First Quarter 2016 Earnings Conference Call

[PR Newswire] – HOUSTON, April 6, 2016 /PRNewswire/ — Spectra Energy Corp (NYSE: SE) and Spectra Energy Partners (NYSE: SEP) will announce their first quarter 2016 earnings results before the market opens on Wednesday, … Read more on this. Spectra Energy Corp. (SE) , with a current value of $20.08B, started trading this morning at $29.21. Looking at today’s market, SE one day range is $28.88 to $29.91 with a one year range of $21.43 to $38.47. SE shares are currently priced at 23.88x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 0.04x earnings multiple. The company pays shareholders $1.62 per share in dividend income per year, for a current yield of 5.38%. Consensus earnings for the current quarter by the 10 sell-side analysts covering the stock is an estimate of $0.39 per share, which would be $0.02 worse than the year-ago quarter and a $0.04 sequential decrease. The full-year EPS estimate is $1.21 which would be a $0.06 better than last year’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $1.60 Billion. If realized, that would be a 1.23% decrease over the year-ago quarter. In terms of ratings, Raymond James upgraded SE from Outperform to Strong Buy (Jan 4, 2016). Previously, Wells Fargo Initiated SE at to Market Perform. The average price target for SE shares by the analysts covering the stock is $32.92, which is 12.70% above where the stock opened this morning. See more in (NYSE:SE) Similar Articles: Company Update: Spectra Energy Corp (NYSE:SE) – Spectra Energy to Sell Empress NGL Business to Plains Midstream Canada Market Update: Spectra Energy Corp (NYSE:SE) – Spectra Energy Reports Third Quarter 2015 Results Company Update: Spectra Energy Corp (NYSE:SE) – Spectra Energy Partners Announces 32nd Consecutive Quarterly Cash Distribution Increase