TransCanada Corporation (NYSE:TRP) Given Daily News Impact Score of 0.15
News articles about TransCanada Corporation (NYSE:TRP) (TSE:TRP) have been trending somewhat positive recently, Accern reports. The research firm identifies negative and positive news coverage by monitoring more than 20 million news and blog 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. TransCanada Corporation earned a daily sentiment score of 0.15 on Accern’s scale. Accern also assigned media coverage about the pipeline company an impact score of 47.5443776238997 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news headlines that may have effected Accern Sentiment’s rankings:
- Cimarex Energy (XEC) Beats Q2 Earnings & Revenue Estimates (finance.yahoo.com)
- Financial Comparison: EQT Midstream Partners, (EQM) vs. TransCanada Corporation (TRP) (americanbankingnews.com)
- Keystone XL pipeline fate in balance as Nebraska opens hearings (foxbusiness.com)
- Virtu Financial LLC Takes Position in TransCanada Corporation (TRP) (lazeresportes.com)
- TransCanada Corporation (TRP) Shares Sold by Daiwa SB Investments Ltd. (footballhebdo.com)
A number of equities analysts have commented on TRP shares. Zacks Investment Research cut shares of TransCanada Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, April 19th. TheStreet raised shares of TransCanada Corporation from a “c” rating to a “b-” rating in a research note on Friday, May 5th. Wolfe Research reissued an “outperform” rating and issued a $53.00 price target on shares of TransCanada Corporation in a research note on Friday, May 12th. BidaskClub raised shares of TransCanada Corporation from a “hold” rating to a “buy” rating in a research note on Sunday, July 16th. Finally, BMO Capital Markets boosted their price target on shares of TransCanada Corporation from $72.00 to $73.00 and gave the stock an “outperform” rating in a research note on Monday, July 31st. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. TransCanada Corporation has a consensus rating of “Buy” and an average target price of $63.81.
Shares of TransCanada Corporation (NYSE TRP) traded down 0.62% during midday trading on Wednesday, hitting $49.77. 828,542 shares of the stock were exchanged. The firm’s 50-day moving average is $49.31 and its 200 day moving average is $47.43. The firm has a market cap of $43.35 billion, a PE ratio of 51.36 and a beta of 0.66. TransCanada Corporation has a 52-week low of $42.69 and a 52-week high of $51.81.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Friday, September 29th will be given a dividend of $0.4995 per share. This represents a $2.00 annualized dividend and a dividend yield of 4.01%. This is an increase from TransCanada Corporation’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Thursday, September 28th. TransCanada Corporation’s dividend payout ratio (DPR) is 215.12%.
TransCanada Corporation 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.
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