Media headlines about Tc Pipelines (TSE:TRP) (NYSE:TRP) have been trending somewhat positive this week, InfoTrie Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Tc Pipelines earned a media sentiment score of 1.56 on their scale. InfoTrie also gave media stories about the company an news buzz score of 10 out of 10, meaning that recent news coverage is extremely likely to have an impact on the stock’s share price in the near term.
These are some of the news stories that may have effected Tc Pipelines’ score:
TSE TRP opened at C$52.84 on Thursday. Tc Pipelines has a 12-month low of C$47.90 and a 12-month high of C$61.06. The company has a debt-to-equity ratio of 159.12, a quick ratio of 0.36 and a current ratio of 0.47.
Tc Pipelines (TSE:TRP) (NYSE:TRP) last posted its quarterly earnings results on Thursday, November 1st. The company reported C$1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.77 by C$0.23. The business had revenue of C$3.16 billion during the quarter. As a group, equities research analysts anticipate that Tc Pipelines will post 3.81999992474332 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 31st. Stockholders of record on Monday, December 31st will be given a $0.69 dividend. This represents a $2.76 annualized dividend and a dividend yield of 5.22%. The ex-dividend date is Friday, December 28th. Tc Pipelines’s dividend payout ratio (DPR) is currently 72.88%.
Several brokerages have commented on TRP. Bank of America lowered their price objective on shares of Tc Pipelines from C$62.00 to C$57.00 in a research report on Monday, December 10th. CIBC lifted their price objective on shares of Tc Pipelines from C$73.00 to C$74.00 in a research report on Friday, November 2nd. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a C$69.00 price objective on shares of Tc Pipelines in a research report on Wednesday, October 3rd. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of C$66.56.
In related news, Director Brandon M. Anderson sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, November 29th. The shares were sold at an average price of C$54.27, for a total transaction of C$54,270.00. Also, Director Tracy Robinson acquired 1,600 shares of Tc Pipelines stock in a transaction that occurred on Thursday, December 6th. The shares were purchased at an average cost of C$53.75 per share, with a total value of C$86,000.00. In the last three months, insiders bought 6,000 shares of company stock worth $280,320 and sold 3,630 shares worth $197,792.
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Tc Pipelines Company Profile
TransCanada Corporation operates as an energy infrastructure company in North America. It operates through Canadian Natural Gas Pipelines, U.S. Natural Gas Pipelines, Mexico Natural Gas Pipelines, Liquids Pipelines, and Energy segments. The company transports natural gas to local distribution companies, power generation and individual facilities, interconnecting pipelines, and other businesses.
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