TransCanada (TRP) Receiving Somewhat Positive News Coverage, Analysis Finds

Media coverage about TransCanada (NYSE:TRP) (TSE:TRP) has been trending somewhat positive this week, Alpha One reports. The research group, a subsidiary of Accern, ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real-time. Alpha One ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. TransCanada earned a coverage optimism score of 0.22 on Alpha One’s scale. Alpha One also assigned news stories about the pipeline company an impact score of 37 out of 100, indicating that recent news coverage is unlikely to have an effect on the company’s share price in the next several days.

Here are some of the news stories that may have effected Alpha One Sentiment’s rankings:

TransCanada (NYSE:TRP) traded down 0.57% during trading on Friday, hitting $46.90. 1,057,955 shares of the stock traded hands. TransCanada has a 12 month low of $39.13 and a 12 month high of $49.76. The company’s 50 day moving average price is $46.43 and its 200 day moving average price is $46.11. The company has a market cap of $40.66 billion, a P/E ratio of 394.12 and a beta of 0.74.

TransCanada (NYSE:TRP) last released its earnings results on Thursday, February 16th. The pipeline company reported $0.75 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.20. The business had revenue of $3.62 billion for the quarter. TransCanada had a positive return on equity of 11.71% and a negative net margin of 16.15%. The company’s revenue for the quarter was up 26.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.64 EPS. On average, equities research analysts anticipate that TransCanada will post $2.12 EPS for the current fiscal year.

The business also recently announced a dividend, which will be paid on Friday, April 28th. Stockholders of record on Friday, March 31st will be issued a $0.47 dividend. The ex-dividend date is Wednesday, March 29th. This is a positive change from TransCanada’s previous dividend of $0.43. TransCanada’s payout ratio is presently -81.16%.

TRP has been the subject of a number of recent research reports. Wells Fargo & Co initiated coverage on shares of TransCanada in a report on Friday, March 31st. They issued an “outperform” rating for the company. Zacks Investment Research downgraded shares of TransCanada from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 25th. Finally, Credit Suisse Group AG reiterated an “outperform” rating on shares of TransCanada in a report on Friday, January 27th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $62.38.

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About TransCanada

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.

5 Day Chart for NYSE:TRP

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