TC PipeLines, (TCP) Getting Somewhat Positive News Coverage, Accern Reports
Press coverage about TC PipeLines, (NYSE:TCP) has trended somewhat positive recently, according to Accern Sentiment. The research group ranks the sentiment of press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. TC PipeLines, earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned news headlines about the pipeline company an impact score of 45.9520628060715 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s scoring:
- TC PipeLines, LP Common Units r (NYSE:TCP) Experiences Lighter than Average Trading Volume (highlightpress.com)
- TC PipeLines, LP (TCP) noted a price change of -0.48% and Medley Management Inc. (MDLY) – Stocks Gallery (stocksgallery.com)
- TC PipeLines, LP (TCP) Upgraded to Sell by BidaskClub (americanbankingnews.com)
- MKM Partners Raises Alibaba Group Holding PT to $220.00 (techkenyot.com)
TC PipeLines, (NYSE TCP) opened at 50.85 on Tuesday. The company’s 50 day moving average is $54.91 and its 200 day moving average is $57.62. The stock has a market cap of $3.53 billion, a PE ratio of 16.20 and a beta of 0.97. TC PipeLines, has a 12 month low of $47.12 and a 12 month high of $65.03.
TC PipeLines, (NYSE:TCP) last issued its quarterly earnings results on Wednesday, August 2nd. The pipeline company reported $0.73 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.74 by $0.01. The business had revenue of $101 million for the quarter, compared to analyst estimates of $117.39 million. TC PipeLines, had a return on equity of 19.77% and a net margin of 62.63%. On average, analysts anticipate that TC PipeLines, will post $3.25 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, August 11th. Stockholders of record on Tuesday, August 1st were given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 7.87%. The ex-dividend date of this dividend was Friday, July 28th. This is a boost from TC PipeLines,’s previous quarterly dividend of $0.94. TC PipeLines,’s dividend payout ratio is currently 127.80%.
TCP has been the subject of several recent analyst reports. Royal Bank Of Canada reaffirmed a “buy” rating and set a $72.00 price objective on shares of TC PipeLines, in a research note on Monday, August 21st. UBS AG reaffirmed a “buy” rating and set a $68.00 price objective (up from $67.00) on shares of TC PipeLines, in a research note on Friday, May 5th. Zacks Investment Research raised shares of TC PipeLines, from a “sell” rating to a “hold” rating in a research note on Tuesday, May 9th. Wolfe Research initiated coverage on shares of TC PipeLines, in a research note on Friday, May 12th. They set a “market perform” rating and a $60.00 price objective for the company. Finally, BidaskClub raised shares of TC PipeLines, from a “strong sell” rating to a “sell” rating in a research note on Friday. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. TC PipeLines, currently has a consensus rating of “Hold” and an average target price of $64.17.
TC PipeLines, Company Profile
TC PipeLines, LP is a master limited partnership. The Company acquires, owns and participates in the management of energy infrastructure businesses in North America. The Company’s pipeline systems transport natural gas in the United States. As of December 31, 2016, the Company had four pipelines and equity ownership interests in three natural gas interstate pipeline systems that are collectively designed to transport approximately 9.1 billion cubic feet per day of natural gas from producing regions and import facilities to market hubs and consuming markets primarily in the Western, Midwestern and Eastern United States.
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