Headlines about TC PipeLines, (NYSE:TCP) have been trending somewhat positive this week, according to Accern Sentiment. Accern rates the sentiment of media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. TC PipeLines, earned a daily sentiment score of 0.21 on Accern’s scale. Accern also gave headlines about the pipeline company an impact score of 45.6842547423862 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news headlines that may have effected Accern’s rankings:
- ETFs with exposure to TC Pipelines LP : October 31, 2017 (finance.yahoo.com)
- TC Pipelines LP – Value Analysis (NYSE:TCP) : October 31, 2017 (finance.yahoo.com)
- TC Pipelines LP breached its 50 day moving average in a Bullish Manner : TCP-US : October 30, 2017 (finance.yahoo.com)
- Royal Bank Of Canada Reiterates Buy Rating for TC PipeLines, LP (TCP) (americanbankingnews.com)
TC PipeLines, (NYSE:TCP) last released its quarterly earnings results on Wednesday, August 2nd. The pipeline company reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.01). The company had revenue of $101.00 million for the quarter, compared to analyst estimates of $117.39 million. TC PipeLines, had a net margin of 62.63% and a return on equity of 19.77%.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 14th. Shareholders of record on Friday, November 3rd will be paid a dividend of $1.00 per share. The ex-dividend date of this dividend is Thursday, November 2nd. This represents a $4.00 dividend on an annualized basis and a yield of 7.46%. TC PipeLines,’s dividend payout ratio (DPR) is currently 127.80%.
A number of research analysts have issued reports on the company. Barclays PLC reissued an “underweight” rating and issued a $58.00 target price (up from $57.00) on shares of TC PipeLines, in a research note on Thursday, August 3rd. Royal Bank Of Canada restated a “buy” rating and issued a $72.00 price target on shares of TC PipeLines, in a report on Monday, August 21st. BidaskClub upgraded TC PipeLines, from a “strong sell” rating to a “sell” rating in a report on Friday, August 25th. Finally, Zacks Investment Research lowered TC PipeLines, from a “hold” rating to a “sell” rating in a report on Thursday, July 13th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $63.17.
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TC PipeLines, Company Profile
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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