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Stock on Watch: Spectra Energy Partners LP (SEP)

-- Sunday, July 17, 2016, 14:20 --

Company Profile:

Spectra Energy Partners, L.P., through its subsidiaries and equity affiliates, is engaged in the transmission, storage and gathering of natural gas, the transportation and storage of crude oil, and the transportation of natural gas liquids (NGLs). The Company’s segments include U.S. Transmission, Liquids and Other. The U.S. Transmission business primarily provides transmission, storage, and gathering of natural gas for customers in various regions of the northeastern and southeastern United States. The U.S. Transmission segment also processes natural gas on its Texas Eastern system. The Liquids business provides transportation and storage of crude oil for customers in central United States and Canada. The Company has over 15,000 miles of transmission and transportation pipelines, and the storage of natural gas in underground facilities with aggregate working gas storage capacity of approximately 170 billion cubic feet (Bcf) in the United States and Canada.The company is based in Houston, Texas.

Recent News:

The company will announce their second quarter 2016 earnings results before the market opens on Wednesday, August 3, 2016, and will hold a joint investor and analyst conference call at 8 a.m. CT that same day.

The company declared a quarterly cash dividend on its common stock of $0.405 per share, or $1.62 per share on an annualized basis. The dividend is payable on September 7, 2016, to shareholders of record at the close of business on August 12, 2016.

The company reported first quarter 2016 distributable cash flow of $371 million, compared with $354 million in the prior-year quarter. Distributions per limited partner unit for first quarter 2016 were $0.65125, compared with $0.60125 per limited partner unit in first quarter 2015.

 

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

SEP’s strengths can be seen in its better growth, strong profitability and robust solvency. Its revenue and net income increased over last year. Technical indicators signal the bullish signs, as there is a bullish cross in MACD and Stotistic Oscillator. RSI is increasing to 53.85. We rate Spectra Energy Partners LP (SEP) a STRONG BUY.

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