Somewhat Favorable News Coverage Somewhat Unlikely to Impact TC PipeLines, (TCP) Stock Price
Media headlines about TC PipeLines, (NYSE:TCP) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research group rates the sentiment of media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. TC PipeLines, earned a news impact score of 0.14 on Accern’s scale. Accern also gave news headlines about the pipeline company an impact score of 46.0049558462707 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the headlines that may have effected Accern Sentiment Analysis’s scoring:
- Why Is TC PipeLines (TCP) Down 8.9% Since the Last Earnings Report? (finance.yahoo.com)
- TC PipeLines LP (TCP) AO Trending Up This Week | Sheridan Daily – Sheridan Daily (sheridandaily.com)
- Contrasting TC PipeLines, (TCP) & Antero Midstream Partners (AM) (americanbankingnews.com)
- Priming the Pump: What Are Analysts Saying About TC PipeLines, LP (NYSE:TCP)? – Evergreen Caller (evergreencaller.com)
Shares of TC PipeLines, (TCP) opened at 51.21 on Friday. The firm has a market capitalization of $3.55 billion, a PE ratio of 16.32 and a beta of 0.99. TC PipeLines, has a 52 week low of $47.12 and a 52 week high of $65.03. The stock has a 50 day moving average of $53.41 and a 200-day moving average of $57.00.
TC PipeLines, (NYSE:TCP) last released its quarterly earnings data on Wednesday, August 2nd. The pipeline company reported $0.73 EPS for the quarter, missing the consensus estimate of $0.74 by $0.01. The company had revenue of $101 million during the quarter, compared to analyst estimates of $117.39 million. TC PipeLines, had a net margin of 62.63% and a return on equity of 19.77%. Equities analysts anticipate that TC PipeLines, will post $3.25 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 11th. Stockholders of record on Tuesday, August 1st were issued a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 7.81%. The ex-dividend date was Friday, July 28th. This is an increase from TC PipeLines,’s previous quarterly dividend of $0.94. TC PipeLines,’s dividend payout ratio is presently 127.80%.
A number of brokerages have recently weighed in on TCP. Barclays PLC restated an “underweight” rating and issued a $58.00 price objective (up from $57.00) on shares of TC PipeLines, in a research note on Thursday, August 3rd. Royal Bank Of Canada restated a “buy” rating and issued a $72.00 price objective on shares of TC PipeLines, in a research note on Monday, August 21st. BidaskClub upgraded shares of TC PipeLines, from a “strong sell” rating to a “sell” rating in a research note on Friday, August 25th. Finally, Zacks Investment Research cut shares of TC PipeLines, from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. Three analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. TC PipeLines, has an average rating of “Hold” and a consensus target price of $64.17.
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About TC PipeLines,
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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