News coverage about TC Pipelines (NYSE:TCP) has trended somewhat positive recently, according to Accern. The research group identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. TC Pipelines earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave media stories about the pipeline company an impact score of 46.4984986426949 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 impacted Accern Sentiment’s analysis:
- TC Pipelines, LP (TCP) Position Boosted by Eagle Global Advisors LLC (americanbankingnews.com)
- TC Pipelines LP (TCP) Files 10-K for the Fiscal Year Ended on December 31, 2017 – GuruFocus.com (gurufocus.com)
- TC Pipelines, LP (TCP) Shares Sold by CT Mason (americanbankingnews.com)
- TC PipeLines, LP Announces 2017 Fourth Quarter and Year End Financial Results – GlobeNewswire (press release) (globenewswire.com)
Several brokerages recently commented on TCP. Zacks Investment Research downgraded shares of TC Pipelines from a “hold” rating to a “sell” rating in a research report on Tuesday, February 6th. Tudor Pickering began coverage on shares of TC Pipelines in a research report on Friday, January 12th. They issued a “hold” rating and a $58.00 price target for the company. Bank of America began coverage on shares of TC Pipelines in a research report on Tuesday, January 9th. They issued a “neutral” rating for the company. Barclays restated a “sell” rating and issued a $55.00 price target on shares of TC Pipelines in a research report on Friday, January 19th. Finally, Wells Fargo & Co reduced their price target on shares of 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. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $59.75.
TC Pipelines (NYSE:TCP) last released its earnings results on Friday, February 23rd. The pipeline company reported $0.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.01). TC Pipelines had a return on equity of 22.60% and a net margin of 62.66%. The company had revenue of $109.00 million during the quarter, compared to analysts’ expectations of $137.19 million. equities analysts expect that TC Pipelines will post 3.15 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, February 13th. Shareholders of record on Friday, February 2nd were given a $1.00 dividend. The ex-dividend date of this dividend was Thursday, February 1st. This represents a $4.00 dividend on an annualized basis and a yield of 7.97%. TC Pipelines’s payout ratio is 126.58%.
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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