Somewhat Favorable Press Coverage Somewhat Unlikely to Affect TransCanada (TRP) Stock Price
Headlines about TransCanada (NYSE:TRP) (TSE:TRP) have been trending somewhat positive on Monday, according to Accern Sentiment. The research group identifies negative and positive news coverage by reviewing 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 closest to one being the most favorable. TransCanada earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave headlines about the pipeline company an impact score of 47.1262339323721 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the headlines that may have impacted Accern’s analysis:
- Is This The Beginning Of An Oil Sands Revival? (finance.yahoo.com)
- Canadian Crude Oil Exports Decline On Keystone Pipeline Leaks (finance.yahoo.com)
- Keystone XL pipeline opponents appeal Nebraska route approval (finance.yahoo.com)
- TransCanada’s Sleepy Cash Flow Cow – Seeking Alpha (seekingalpha.com)
- TransCanada commissions Leach XPress nat gas pipeline – Seeking Alpha (seekingalpha.com)
Several research analysts recently weighed in on the company. TD Securities raised TransCanada to a “buy” rating in a research note on Wednesday, November 29th. Morgan Stanley raised their target price on TransCanada from $53.00 to $54.00 and gave the company an “equal weight” rating in a research note on Friday, November 17th. TheStreet cut TransCanada from a “b” rating to a “c+” rating in a research note on Thursday, November 9th. Zacks Investment Research cut TransCanada from a “buy” rating to a “hold” rating in a research note on Friday, October 20th. Finally, JPMorgan Chase & Co. assumed coverage on TransCanada in a research note on Thursday, October 5th. They set an “overweight” rating for the company. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. TransCanada presently has an average rating of “Buy” and an average target price of $59.25.
TransCanada (NYSE:TRP) traded down $0.15 during trading hours on Monday, hitting $49.32. The company had a trading volume of 886,002 shares, compared to its average volume of 828,740. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.51 and a quick ratio of 0.48. TransCanada has a fifty-two week low of $45.07 and a fifty-two week high of $51.85. The firm has a market cap of $43,310.00, a price-to-earnings ratio of 30.26, a price-to-earnings-growth ratio of 1.99 and a beta of 0.66.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Friday, December 29th will be given a $0.491 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.98%. TransCanada’s dividend payout ratio (DPR) is 120.25%.
TransCanada 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.
Receive News & Ratings for TransCanada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TransCanada and related companies with Analyst Ratings Network's FREE daily email newsletter.