MEI Pharma, Inc. (MEIP) Forms $2.18 Double Bottom; Energy Income Partners Lowered Spectra Energy Partners LP (SEP) Position

Spectra Energy Partners, LP (NYSE:SEP) Logo

MEI Pharma, Inc. (MEIP) formed double bottom with $2.11 target or 3.00% below today’s $2.18 share price. MEI Pharma, Inc. (MEIP) has $80.77 million valuation. The stock increased 1.40% or $0.03 during the last trading session, reaching $2.18. About 52,151 shares traded. MEI Pharma, Inc. (NASDAQ:MEIP) has risen 32.91% since April 24, 2017 and is uptrending. It has outperformed by 21.36% the S&P500.

Energy Income Partners Llc decreased Spectra Energy Partners Lp (SEP) stake by 11.25% reported in 2017Q4 SEC filing. Energy Income Partners Llc sold 689,946 shares as Spectra Energy Partners Lp (SEP)’s stock declined 21.17%. The Energy Income Partners Llc holds 5.44 million shares with $215.11 million value, down from 6.13 million last quarter. Spectra Energy Partners Lp now has $17.37 billion valuation. The stock increased 2.11% or $0.73 during the last trading session, reaching $35.35. About 364,991 shares traded. Spectra Energy Partners, LP (NYSE:SEP) has declined 22.60% since April 24, 2017 and is downtrending. It has underperformed by 34.15% the S&P500.

Among 22 analysts covering Spectra Energy Partners LP (NYSE:SEP), 6 have Buy rating, 3 Sell and 13 Hold. Therefore 27% are positive. Spectra Energy Partners LP had 65 analyst reports since July 23, 2015 according to SRatingsIntel. Morgan Stanley upgraded the shares of SEP in report on Wednesday, January 20 to “Equal-Weight” rating. The rating was downgraded by Simmons & Co on Wednesday, September 7 to “Neutral”. Jefferies upgraded it to “Buy” rating and $54 target in Thursday, July 23 report. The stock of Spectra Energy Partners, LP (NYSE:SEP) earned “Overweight” rating by Barclays Capital on Monday, January 11. On Tuesday, May 31 the stock rating was initiated by Stifel Nicolaus with “Buy”. The company was maintained on Thursday, February 22 by Stifel Nicolaus. Mitsubishi UFJ initiated the shares of SEP in report on Friday, July 22 with “Neutral” rating. The firm has “Buy” rating by RBC Capital Markets given on Monday, June 5. The stock has “Buy” rating by RBC Capital Markets on Wednesday, December 13. The firm has “Buy” rating given on Thursday, July 13 by Stifel Nicolaus.

Energy Income Partners Llc increased Holly Energy Partners LP (NYSE:HEP) stake by 105,459 shares to 6.43M valued at $208.76M in 2017Q4. It also upped Amerigas Partners LP (NYSE:APU) stake by 608,564 shares and now owns 3.13M shares. Enbridge Energy Partners LP (NYSE:EEP) was raised too.

Analysts await Spectra Energy Partners, LP (NYSE:SEP) to report earnings on May, 9. They expect $0.82 EPS, down 7.87% or $0.07 from last year’s $0.89 per share. SEP’s profit will be $402.86M for 10.78 P/E if the $0.82 EPS becomes a reality. After $0.82 actual EPS reported by Spectra Energy Partners, LP for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Investors sentiment decreased to 0.82 in Q4 2017. Its down 0.31, from 1.13 in 2017Q3. It dropped, as 22 investors sold SEP shares while 74 reduced holdings. 24 funds opened positions while 55 raised stakes. 66.54 million shares or 6.90% more from 62.25 million shares in 2017Q3 were reported. Moreover, United Cap Financial Advisers Limited Liability has 0% invested in Spectra Energy Partners, LP (NYSE:SEP) for 14,977 shares. Curbstone Fincl Mgmt Corporation holds 0.12% of its portfolio in Spectra Energy Partners, LP (NYSE:SEP) for 5,525 shares. Oppenheimer & Inc holds 19,674 shares. Virtu Finance Limited Liability Company reported 0.06% stake. Advsrs Asset Mgmt holds 0.02% or 23,772 shares in its portfolio. Silvercrest Asset Management Grp Inc owns 229,329 shares. Baystate Wealth Management reported 0% stake. Stratos Wealth Prtn accumulated 1,698 shares. Alabama-based Oakworth Cap has invested 0.01% in Spectra Energy Partners, LP (NYSE:SEP). The Massachusetts-based Eventide Asset Mgmt Ltd Liability has invested 0.13% in Spectra Energy Partners, LP (NYSE:SEP). Hightower Advsr Ltd Liability Corp has invested 0.02% in Spectra Energy Partners, LP (NYSE:SEP). Regions Corp, a Alabama-based fund reported 25,536 shares. Enterprise Financial Corporation invested in 0.01% or 533 shares. Rockefeller Financial Services Inc owns 3,919 shares or 0% of their US portfolio. Bbva Compass National Bank & Trust, Texas-based fund reported 25,632 shares.

Analysts await MEI Pharma, Inc. (NASDAQ:MEIP) to report earnings on May, 3. They expect $-0.27 earnings per share, down 1,250.00% or $0.25 from last year’s $-0.02 per share. After $-0.16 actual earnings per share reported by MEI Pharma, Inc. for the previous quarter, Wall Street now forecasts 68.75% negative EPS growth.

Among 4 analysts covering MEI Pharma (NASDAQ:MEIP), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. MEI Pharma has $7 highest and $2.5 lowest target. $5.33’s average target is 144.50% above currents $2.18 stock price. MEI Pharma had 8 analyst reports since September 4, 2015 according to SRatingsIntel. Oppenheimer maintained the stock with “Buy” rating in Wednesday, May 31 report. The stock of MEI Pharma, Inc. (NASDAQ:MEIP) earned “Hold” rating by Wedbush on Friday, September 4. On Wednesday, September 6 the stock rating was maintained by Stifel Nicolaus with “Hold”. The company was maintained on Wednesday, June 14 by Oppenheimer. As per Wednesday, August 2, the company rating was maintained by Oppenheimer. Oppenheimer maintained it with “Buy” rating and $6.5000 target in Monday, June 26 report.

MEI Pharma, Inc. (NASDAQ:MEIP) Institutional Positions Chart