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Spectra Energy Partners, LP (NYSE: SEP) – Is this large market cap stock undervalued?

Spectra Energy Partners, LP (NYSE: SEP), is firmly in the large market cap category with market cap of 13767.16. To be considered a large market cap stock companies have to be valued at more than $10 billion. The current price for Spectra Energy Partners, LP is 44.59 (with a change from open of -0.22%), this in conjunction with a target price of 53.33. Volume today has so far reached 707100, with an average volume of about 488.14. The GAP for this stock, is 0.36%.

The P/E ratio is 14.05, bringing the forward P/E to a value of 12.34. The current EPS for Spectra Energy Partners, LP, is 3.17, with a EPS growth for this year coming to a value of 16.20%. Performance has been interesting with performance year to date coming to -2.43%.

Looking further into the growth statistics for Spectra Energy Partners, LP, EPS is looking like it will grow 14.23% in the next year. Looking even further it is projected to be 5.25%. Quarter over quarter is -14.80% for EPS growth and for sales growth quarter over quarter it is 2.50%. Looking at past EPS growth statistics we see that for the past five years it has been 14.20%. Sales growth for the past five years has in fact been 65.50%.

Looking at the ownership, we see that the insider ownership is at 81.04% and institutional ownership is 19.30%. Shares outstanding is 308.75, while shares float is at a value of 88.56. Float short for Spectra Energy Partners, LP is 1.35% and the short ratio is 2.44.

In terms of debt, long term debt/equity is 0.52, while the total debt/equity comes to 0.58. The ability to meet these debts, means that the current ratio is 0.4, and the quick ratio is 0.4. The most recent gross margin is 69.50% and their operating margin is 51.00%. The profit margin is 37.50%.

Spectra Energy Partners, LP has seen returns on assets of 4.80%, and on investment, 7.40%. Return on equity is 8.60%. Price/Earnings to growth ratio is 2.68. Price/Sales ratio is at a value of 5.53, with Price/book ratio coming to 1.17 and Price/cash is 80.51, and finally Price/Free cash Flow is *TBA.

The simple moving averages are -2.94% and -0.84% for 20 day and 200 day simple moving average respectively. For the 52 week high and low the 52 week high is -9.15% and the 52 week low is 28.53%.

Spectra Energy Partners, LP has a dividend yield of 5.97%, with a current price of 44.59. The ability to pay this means the payout ratio is 79.70%. This is in an industry, Oil & Gas Pipelines, with equally high dividends from other companies in this sector, which it is Basic Materials. Spectra Energy Partners, LP is based in USA.

Performance in the Oil & Gas Pipelines industry means that Spectra Energy Partners, LP has seen performance for the past week of 1.90%, with performance for the month coming to -3.07%. Looking at the data for the quarter it is at a value of -3.32%, and for the half year the performance is 20.97%. Volatility for this week is 1.39% and for the month this is 1.81%.

Disclaimer: Remember there is a risk to your investment, this is not a recommendation, nor personal advice, never invest more than you are able too loose.

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Peter Clarke

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