TC PipeLines (TCP) Earning Somewhat Positive News Coverage, Analysis Finds

News headlines about TC PipeLines (NYSE:TCP) have trended somewhat positive this week, according to Accern Sentiment. The research group rates the sentiment of press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. TC PipeLines earned a media sentiment score of 0.06 on Accern’s scale. Accern also gave news coverage about the pipeline company an impact score of 45.6501097600017 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

These are some of the media stories that may have effected Accern’s analysis:

A number of analysts recently issued reports on TCP shares. Royal Bank of Canada reissued a “buy” rating and issued a $72.00 target price on shares of TC PipeLines in a research report on Monday, August 21st. BidaskClub raised TC PipeLines from a “strong sell” rating to a “sell” rating in a research report on Friday, August 25th. Zacks Investment Research raised TC PipeLines from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a research report on Tuesday, October 17th. UBS decreased their target price on TC PipeLines from $63.00 to $61.00 and set a “buy” rating for the company in a research report on Tuesday, November 7th. Finally, Wells Fargo & Company decreased their target price on TC PipeLines from $62.00 to $58.00 and set a “market perform” rating for the company in a research report on Wednesday, November 15th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $60.50.

TC PipeLines (TCP) traded up $0.06 during trading on Tuesday, reaching $53.09. The company’s stock had a trading volume of 253,095 shares, compared to its average volume of 156,243. TC PipeLines has a 52 week low of $48.55 and a 52 week high of $65.03. The company has a quick ratio of 1.06, a current ratio of 1.12 and a debt-to-equity ratio of 2.38. The firm has a market cap of $3,710.00, a PE ratio of 16.83, a price-to-earnings-growth ratio of 2.76 and a beta of 0.96.

TC PipeLines (NYSE:TCP) last posted its quarterly earnings data on Monday, November 6th. The pipeline company reported $0.61 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.06). TC PipeLines had a return on equity of 21.46% and a net margin of 64.04%. The company had revenue of $100.00 million for the quarter, compared to analyst estimates of $126.78 million. equities analysts predict that TC PipeLines will post 3.14 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 14th. Shareholders of record on Friday, November 3rd were given a dividend of $1.00 per share. The ex-dividend date was Thursday, November 2nd. This represents a $4.00 dividend on an annualized basis and a yield of 7.53%. TC PipeLines’s payout ratio is 132.45%.

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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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