Spectra Energy Corporation (NYSE:SE) and Spectra Energy Partners announced that they have entered into an agreement with ConocoPhillips Company through their affiliate – Spectra Energy Transmission II, LLC (“SET”). Per the agreement, the duo would wholly acquire the equity interests in Brazoria Interconnector Gas Pipeline, LLC (“BIG”) from Conoco. The acquisition is expected to close in the second quarter of 2016. On Monday shares of Spectra Energy Corp. (NYSE:SE) closed at $33.63. Company’s sales growth for last 5 years was 1.70% and EPS growth for next 5 years is recorded as 5.00%.
McDermott International, Inc. (NYSE: MDR) and GE Oil & Gas (NYSE: GE) (“GE”) on 15 January launched io oil & gas consulting, a new independent venture to transform front-end offshore field development. McDermott International Inc. (NYSE:MDR) in last trading activity fell -1.29% to close at $2.30. Company weekly performance is -2.95% while its quarterly performance stands at -44.44%. McDermott International Inc. (NYSE:MDR) is -73.92% away from its 52 week high.
W.W. Grainger Inc. (NYSE:GWW) on Monday reported fourth-quarter net income of $148.8 million. On a per-share basis, the Lake Forest, Illinois-based company said it had net income of $2.14. Earnings, adjusted for non-recurring costs and restructuring costs, were $2.80 per share. The results fell short of Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $2.83 per share. On last trading day W.W. Grainger, Inc. (NYSE:GWW) fell -4.54% to close at $234.81. Its volatility for the week is 2.14% while volatility for the month is 1.91%. GWW’s sales growth for past 5 years was 6.60% and its EPS growth for past 5 years was 13.30%. W.W. Grainger, Inc. (NYSE:GWW) monthly performance is -8.92%.
Alleghany (NYSE:Y) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a note issued to investors on Friday. They currently have a $484.00 price objective on the stock. Zacks‘s target price would suggest a potential upside of 4.74% from the company’s current price. Alleghany Corporation (NYSE:Y) has 0.60% insider ownership while its institutional ownership stands at 84.40%. In last trading activity company’s stock closed at $457.91.
On last trading day Ameris Bancorp (NASDAQ:ABCB) increased 0.58% to close at $24.30. Its volatility for the week is 4.10% while volatility for the month is 2.98%. ABCB’s sales growth for past 5 years was -0.40% and its EPS growth for past 5 years was 34.60%. Ameris Bancorp (NASDAQ:ABCB) monthly performance is -5.30%.