Somewhat Positive News Coverage Somewhat Unlikely to Affect TransCanada Corporation (TRP) Stock Price
News coverage about TransCanada Corporation (NYSE:TRP) (TSE:TRP) has trended somewhat positive recently, Accern reports. Accern scores the sentiment of media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. TransCanada Corporation earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave news stories about the pipeline company an impact score of 46.0744343456841 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the news stories that may have impacted Accern Sentiment’s scoring:
- Denbury Suspends Operations in Houston due to Storm Harvey (finance.yahoo.com)
- Taking a Look Under the Hood at TransCanada Corp (TRP) Shares – Financial News Review (finnewsreview.com)
- Levels in View For TransCanada Corp (TRP) – Berry Recorder (berryrecorder.com)
- TransCanada: Strong Q2, Dividend Increase Expected In Q1 2018 (seekingalpha.com)
- UPDATE 1-Canada to consider indirect emissions for TransCanada Energy East pipe (TRP) (markets.businessinsider.com)
TransCanada Corporation (NYSE TRP) opened at 50.26 on Wednesday. The company has a market cap of $43.78 billion, a PE ratio of 52.52 and a beta of 0.66. The company has a 50-day moving average price of $50.15 and a 200 day moving average price of $47.67. TransCanada Corporation has a 52 week low of $42.69 and a 52 week high of $51.81.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, September 29th will be paid a dividend of $0.4995 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.98%. This is a positive change from TransCanada Corporation’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Thursday, September 28th. TransCanada Corporation’s payout ratio is presently 215.12%.
Several equities research analysts have recently weighed in on the company. BidaskClub downgraded TransCanada Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. BMO Capital Markets increased their price target on TransCanada Corporation from $72.00 to $73.00 and gave the stock an “outperform” rating in a report on Monday, July 31st. Zacks Investment Research raised TransCanada Corporation from a “hold” rating to a “buy” rating and set a $54.00 price objective on the stock in a research note on Saturday, July 8th. Wolfe Research reissued an “outperform” rating and issued a $53.00 price objective on shares of TransCanada Corporation in a research note on Friday, May 12th. Finally, TheStreet raised TransCanada Corporation from a “c” rating to a “b-” rating in a research note on Friday, May 5th. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. TransCanada Corporation currently has an average rating of “Buy” and an average price target of $63.81.
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TransCanada Corporation Company Profile
TransCanada Corporation is an energy infrastructure company. The Company is engaged in the development and operation of North American energy infrastructure, including natural gas and liquids pipelines, power generation and natural gas storage facilities. Its segments include Canadian Natural Gas Pipelines, U.S.
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