TC PipeLines, (TCP) Given Daily Media Impact Score of 0.12
Headlines about TC PipeLines, (NYSE:TCP) have been trending somewhat positive recently, according to Accern. The research group rates the sentiment of press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. TC PipeLines, earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave news headlines about the pipeline company an impact score of 46.8640230490761 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the headlines that may have impacted Accern’s rankings:
- TC PipeLines LP (TCP) Shares Moving On Volume – Sparta Review (spartareview.com)
- TC PipeLines (TCP) Lags Earnings and Revenue Estimates in Q2 – Nasdaq (nasdaq.com)
- TC Pipelines, (TCLP) and TC PipeLines, (NYSE:TCP) Critical Contrast (americanbankingnews.com)
- Columbia Pipeline Group, Inc. — Moody’s affirms Columbia Pipeline Group’s Baa2 rating, changes outlook to positive (finance.yahoo.com)
Shares of TC PipeLines, (NYSE:TCP) opened at 52.89 on Friday. The stock’s 50 day moving average is $56.14 and its 200 day moving average is $58.29. TC PipeLines, has a 1-year low of $47.12 and a 1-year high of $65.03. The firm has a market capitalization of $3.67 billion, a P/E ratio of 16.85 and a beta of 0.97.
TC PipeLines, (NYSE:TCP) last posted its earnings results on Wednesday, August 2nd. The pipeline company reported $0.73 EPS for the quarter, missing the Zacks’ consensus estimate of $0.74 by $0.01. The company had revenue of $101 million during the quarter, compared to analysts’ expectations of $117.39 million. TC PipeLines, had a net margin of 62.63% and a return on equity of 19.77%. Equities analysts predict that TC PipeLines, will post $3.29 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, August 11th. Investors of record on Tuesday, August 1st were given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 7.56%. This is an increase from TC PipeLines,’s previous quarterly dividend of $0.94. The ex-dividend date was Friday, July 28th. TC PipeLines,’s dividend payout ratio (DPR) is 127.80%.
TCP has been the subject of several research reports. Zacks Investment Research upgraded shares of TC PipeLines, from a “sell” rating to a “hold” rating in a research note on Tuesday, May 9th. BidaskClub downgraded shares of TC PipeLines, from a “hold” rating to a “sell” rating in a research note on Saturday, June 10th. Barclays PLC reiterated a “sell” rating and set a $57.00 price objective on shares of TC PipeLines, in a research note on Friday, July 21st. Wolfe Research initiated coverage on shares of TC PipeLines, in a research note on Friday, May 12th. They set a “market perform” rating and a $60.00 price objective for the company. Finally, UBS AG reiterated a “buy” rating and set a $68.00 price objective (up from $67.00) on shares of TC PipeLines, in a research note on Friday, May 5th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $63.33.
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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