TC Pipelines (TCP) Getting Somewhat Positive Press Coverage, Study Shows

News articles about TC Pipelines (NYSE:TCP) have trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real time. 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 coverage optimism score of 0.14 on Accern’s scale. Accern also gave news headlines about the pipeline company an impact score of 46.2235906442157 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Several research firms have recently weighed in on TCP. UBS Group decreased their price target 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. Wells Fargo & Co decreased their price target 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. Bank of America began coverage on TC Pipelines in a research note on Tuesday, January 9th. They issued a “neutral” rating for the company. Zacks Investment Research cut TC Pipelines from a “hold” rating to a “sell” rating in a research note on Tuesday. Finally, Barclays restated a “sell” rating and issued a $55.00 price target on shares of TC Pipelines in a research note on Friday, January 19th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $59.75.

Shares of TC Pipelines (NYSE:TCP) opened at $51.11 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.12 and a debt-to-equity ratio of 2.38. TC Pipelines has a fifty-two week low of $48.55 and a fifty-two week high of $65.03. The company has a market capitalization of $3,669.45, a price-to-earnings ratio of 16.54, a P/E/G ratio of 2.77 and a beta of 0.89.

TC Pipelines (NYSE:TCP) last issued its quarterly earnings data on Monday, November 6th. The pipeline company reported $0.61 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by ($0.06). TC Pipelines had a return on equity of 21.46% and a net margin of 64.04%. The firm had revenue of $100.00 million during the quarter, compared to the consensus estimate of $126.78 million. analysts forecast that TC Pipelines will post 3.14 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 13th. Investors of record on Friday, February 2nd will be issued a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 7.83%. The ex-dividend date of this dividend is Thursday, February 1st. TC Pipelines’s payout ratio is currently 129.45%.

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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.

Insider Buying and Selling by Quarter for TC Pipelines (NYSE:TCP)

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