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Is this Large Market Cap Stock target price reasonable for Spectra Energy Partners, LP (NYSE:SEP) ?

The company in question is, Spectra Energy Partners, LP (NYSE:SEP) currently with a stock price of 44.25 (0.18% today). The market cap for Spectra Energy Partners, LP is 13945.39, and is in the sector Basic Materials, and Oil & Gas Pipelines industry. The target price for Spectra Energy Partners, LP is 50.25. Currently Spectra Energy Partners, LP is trading with a P/E of 15.52, and a forward P/E of 13.28. Average volume for Spectra Energy Partners, LP is 428.68 and so far today it is 372400.

Performance in the last year for Spectra Energy Partners, LP has been -3.80%. For EPS growth, Spectra Energy Partners, LP has seen a growth of -13.80%, and is looking to grow in the next year to -0.09%. More long term stats show that EPS growth has been -13.30% over the last five years and could be 1.28% for the next five years. Spectra Energy Partners, LP has seen sales growth quarter over quarter at 4.60%, with EPS growth quarter over quarter at -14.00%. The 20-day simple moving average is 2.28%, with the 200-day simple moving average coming to 1.11%.

Since the IPO date for Spectra Energy Partners, LP on the 7/26/2007, Spectra Energy Partners, LP has seen performance year to date to be -1.98%. With Spectra Energy Partners, LP trading at 44.25, the dividend yield is 6.21%, and the EPS is 2.85.

So could Spectra Energy Partners, LP, be undervalued? Well as said before P/E is 15.52. The PEG is 12.11, P/S is 5.51 and the P/B is at 1.17. The P/cash is 64.56, with P/free cash flow at *TBA.

Spectra Energy Partners, LP ability to deal with debt shows that the current ratio is 0.4, and the quick ratio is 0.3. This is with long term debt/equity at 0.54, and total debt/equity at 0.62.

In terms of margins, Spectra Energy Partners, LP has a gross margin of 67.50%, an operating margin of 48.50% and a profit margin of 33.60%.Payout ratio for Spectra Energy Partners, LP is 92.20%. Return on assets come to 4.20% with return on investment coming to 6.40%.

Insider ownership for Spectra Energy Partners, LP, is at 81.04% and institutional ownership comes to 20.20%. Outstanding shares are at 315.15. While shares float is 78.65. The float short is currently 3.44%, and short ratio is 6.3.

Graphs: Spectra Energy Partners, LP NYSE: SEP | Thursday April 20, 2017

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Spectra Energy Partners, LP NYSE: SEP

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Spectra Energy Partners, LP NYSE: SEP

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.

About the author

Peter Clarke

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