TC Pipelines (TCP) Earns Media Sentiment Rating of 0.08

News articles about TC Pipelines (NYSE:TCP) have been trending somewhat positive on Tuesday, according to Accern Sentiment. The research firm identifies negative and positive news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. TC Pipelines earned a news sentiment score of 0.08 on Accern’s scale. Accern also assigned news stories about the pipeline company an impact score of 45.209048897217 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

TC Pipelines (NYSE:TCP) traded up $0.51 during midday trading on Tuesday, hitting $53.80. The stock had a trading volume of 145,800 shares, compared to its average volume of 256,328. The company has a market capitalization of $3,760.00, a price-to-earnings ratio of 17.81, a price-to-earnings-growth ratio of 2.81 and a beta of 0.96. The company has a debt-to-equity ratio of 2.38, a quick ratio of 1.06 and a current ratio of 1.12. TC Pipelines has a 1 year low of $48.55 and a 1 year high of $65.03.

TC Pipelines (NYSE:TCP) last released 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). The business had revenue of $100.00 million during the quarter, compared to the consensus estimate of $126.78 million. TC Pipelines had a return on equity of 21.46% and a net margin of 64.04%. sell-side analysts forecast that TC Pipelines will post 3.14 earnings per share for the current fiscal year.

Several analysts have issued reports on TCP shares. Zacks Investment Research raised TC Pipelines from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a report on Tuesday, October 17th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $68.00 price objective (down previously from $72.00) on shares of TC Pipelines in a research note on Thursday, November 9th. Citigroup raised TC Pipelines from a “neutral” rating to a “buy” rating and set a $58.00 price objective for the company in a research note on Friday, December 8th. Wells Fargo & Co dropped their price objective on TC Pipelines from $62.00 to $58.00 and set a “market perform” rating for the company in a research note on Wednesday, November 15th. Finally, UBS Group dropped their price objective on TC Pipelines from $63.00 to $61.00 and set a “buy” rating for the company in a research note on Tuesday, November 7th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $60.50.

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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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