Somewhat Positive Media Coverage Somewhat Unlikely to Impact TC PipeLines, (TCP) Share Price
News coverage about TC PipeLines, (NYSE:TCP) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of 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 0.14 on Accern’s scale. Accern also gave media headlines about the pipeline company an impact score of 46.2071168872172 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news stories that may have effected Accern Sentiment’s analysis:
- TC PipeLines, LP (TCP) Price Target Cut to $58.00 (americanbankingnews.com)
- TC Pipelines LP breached its 50 day moving average in a Bearish Manner : TCP-US : November 14, 2017 (finance.yahoo.com)
- TC PipeLines, LP (TCP) Given Average Recommendation of “Hold” by Brokerages (americanbankingnews.com)
- TC PipeLines Reports Flat Earnings in 3Q17 (finance.yahoo.com)
TC PipeLines, (NYSE TCP) opened at $51.93 on Thursday. The company has a current ratio of 1.12, a quick ratio of 1.06 and a debt-to-equity ratio of 2.38. The firm has a market cap of $3,640.80, a price-to-earnings ratio of 16.86, a price-to-earnings-growth ratio of 2.72 and a beta of 0.99. TC PipeLines, has a 12-month low of $49.83 and a 12-month high of $65.03.
TC PipeLines, (NYSE:TCP) last posted its quarterly earnings data on Monday, November 6th. The pipeline company reported $0.61 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.67 by ($0.06). The company had revenue of $100.00 million for the quarter, compared to analyst estimates of $126.78 million. TC PipeLines, had a return on equity of 21.46% and a net margin of 64.04%. equities analysts predict that TC PipeLines, will post 3.19 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 14th. Shareholders of record on Friday, November 3rd were given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 7.70%. The ex-dividend date was Thursday, November 2nd. TC PipeLines,’s dividend payout ratio is presently 129.45%.
A number of brokerages recently issued reports on TCP. Barclays PLC reissued an “underweight” rating and set a $58.00 price target (up from $57.00) on shares of TC PipeLines, in a report on Wednesday, August 9th. BidaskClub downgraded shares of TC PipeLines, from a “sell” rating to a “strong sell” rating in a report on Thursday, August 10th. Wells Fargo & Company lowered their price target on shares of TC PipeLines, from $62.00 to $58.00 and set a “market perform” rating on the stock in a report on Wednesday. UBS AG lowered their price target on shares of TC PipeLines, from $63.00 to $61.00 and set a “buy” rating on the stock in a report on Tuesday, November 7th. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $72.00 price target on shares of TC PipeLines, in a report on Wednesday, September 27th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $60.86.
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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