Market Overview

Jefferies Adjusts 2011 EPS Estimates on Spectra Energy


Jefferies is increasing its 2Q11 EPS estimate on Spectra Energy Corp. (NYSE: SE) by $0.10 to $0.40 and lowering its 4Q11 by $0.10 to $0.40.

“The primary driver for the expected improvement is stronger commodity prices,” Jefferies writes. “In 2Q10, oil prices averaged $78/bbl and in 2Q11 oil prices averaged $101/bbl. Also contributing to the anticipated strength in the 2Q11 is greater earnings from the company's US transmission business. Partly offsetting these positives is greater Other expenses.”

Spectra Energy closed Thursday at $26.92.


Related Articles (SE)

View Comments and Join the Discussion!

Posted-In: Jefferies Spectra EnergyAnalyst Ratings

Latest Ratings

HUBGStephens & Co.Maintains52.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at