TC PipeLines LP (TCP): Energy sector is gaining shares

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TC PipeLines LP (NYSE:TCP) changes shares on Tuesday trading session, with a change of 0.61% or $0.19 shares. The trading starts at $31.00 and closed at $31.10 throughout the day. The trading session low price was $30.64 and day high was $31.34 on Tuesday, August 04. After the session, the Energy sector daily volume shifted to 0.41 million while its average volume is 392.32K. In other hand, the TCP market cap reached to $2.22B. While, its current target price is $39.78.

On November 1, 2019, Keystone operator TC Energy beats profit estimates on pipeline strength. According to the news reported on Reuters, TC Energy reported a better-than-expected quarterly profit on Friday, buoyed by higher volumes of crude and natural gas the pipeline operator transported.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is up 4.93% and up 3.17% for month. Its quarterly performance was -7.64% below, while its half year performance is down -22.65%. TCP yearly performance stood at negative -18.96% and fall -26.03% for year-to-date. Current recommendation for TC PipeLines LP is 2.00.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. TCP EPS (TTM) for 12-month is 3.68. EPS for this year is 239.80%, while for the next year its value is 3.54. Its EPS Q/Q reached -5.50%. It has an EPS of 6.90% up for past five years and for the next five years will be down -1.40%.

Let’s take a look on the analyst recommendations on TCP for the current month and previous month. For the current month, 7 of 11 analysts recommend stock as Buy while 0 as Sell, 1 as overweight, 0 as underweight and 3 as Hold. As compared with the previous month ratings, 9 analysts participate in stock recommendation. Out of 9, 1 rated it sell, 7 rated it as Buy and 1 as Hold Ratings.

Energy Income Partners, LLC, Alps Advisors Inc. and Invesco Ltd. are the top three holders in TC PipeLines LP (TCP) stock. On Mar 30, 2020, Energy Income Partners, LLC has 8.62 million shares which valued 236.88 million. On Mar 30, 2020, Alps Advisors Inc. owned 7.0 million shares which valued at 192.29 million. On Mar 30, 2020, Invesco Ltd. has a total of 4.72 million shares which valued at 129.7 million. In the end, Invesco Ltd. have 6.62% shares outstanding of TC PipeLines LP (TCP) on Mar 30, 2020. The insider ownership moved to 23.96% and institutional holding shifted to 89.80%.

The company posted an EPS (TTM) of 3.68. According to the most recent quarter report on (Jun 2020), 9 analysts estimated an average EPS of 0.75, while 0.75 EPS posted a year ago period. Analyst Estimated EPS for TCP published in the report was $0.68 – $0.82 during the same period. Comparing with last year, the average estimated EPS was 0.75 which is lower than 1.21 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for TCP fall -12.51% for period of 200 days. SMA for 50 days was -3.84% which is showing red signal, while SMA-20 was 1.74%. The moving average value for TC PipeLines LP (TCP) is 33.68 and 31.52 for 200 and 50 days respectively.