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TC PipeLines, LP is an oil & gas midstream business based in the US. TC PipeLines shares (TCP) are listed on the NYSE and all prices are listed in US Dollars.
|Latest market close||USD$29.89|
|52-week range||USD$18 - USD$44.65|
|50-day moving average||USD$28.5009|
|200-day moving average||USD$31.4921|
|Wall St. target price||USD$39.2|
|Dividend yield||USD$2.6 (8.7%)|
|Earnings per share (TTM)||USD$3.703|
The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.
|1 week (2021-01-11)||N/A|
|1 month (2020-12-18)||N/A|
|3 months (2020-10-18)||N/A|
|6 months (2020-07-18)||N/A|
|1 year (2020-01-18)||N/A|
|2 years (2019-01-18)||N/A|
|3 years (2018-01-18)||N/A|
|5 years (2016-01-18)||N/A|
Valuing TC PipeLines stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of TC PipeLines's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
TC PipeLines's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 8x. In other words, TC PipeLines shares trade at around 8x recent earnings.
That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
TC PipeLines's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 3.05. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into TC PipeLines's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
TC PipeLines's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$450 million.
The EBITDA is a measure of a TC PipeLines's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||USD$553 million|
|Operating margin TTM||67.27%|
|Gross profit TTM||USD$492 million|
|Return on assets TTM||8%|
|Return on equity TTM||39.28%|
|Market capitalisation||USD$2.2 billion|
TTM: trailing 12 months
There are currently 627,136 TC PipeLines shares held short by investors – that's known as TC PipeLines's "short interest". This figure is 1.2% up from 619,704 last month.
There are a few different ways that this level of interest in shorting TC PipeLines shares can be evaluated.
TC PipeLines's "short interest ratio" (SIR) is the quantity of TC PipeLines shares currently shorted divided by the average quantity of TC PipeLines shares traded daily (recently around 276271.36563877). TC PipeLines's SIR currently stands at 2.27. In other words for every 100,000 TC PipeLines shares traded daily on the market, roughly 2270 shares are currently held short.
However TC PipeLines's short interest can also be evaluated against the total number of TC PipeLines shares, or, against the total number of tradable TC PipeLines shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case TC PipeLines's short interest could be expressed as 0.01% of the outstanding shares (for every 100,000 TC PipeLines shares in existence, roughly 10 shares are currently held short) or 0.0165% of the tradable shares (for every 100,000 tradable TC PipeLines shares, roughly 17 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against TC PipeLines.
Find out more about how you can short TC PipeLines stock.
Dividend payout ratio: 70.27% of net profits
Recently TC PipeLines has paid out, on average, around 70.27% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 8.7% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), TC PipeLines shareholders could enjoy a 8.7% return on their shares, in the form of dividend payments. In TC PipeLines's case, that would currently equate to about $2.6 per share.
TC PipeLines's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.
TC PipeLines's most recent dividend payout was on 14 August 2020. The latest dividend was paid out to all shareholders who bought their shares by 31 July 2020 (the "ex-dividend date").
Over the last 12 months, TC PipeLines's shares have ranged in value from as little as $18 up to $44.65. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while TC PipeLines's is 1.0254. This would suggest that TC PipeLines's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).
TC PipeLines, LP acquires, owns, and participates in the management of energy infrastructure businesses in North America. The company has interests in eight natural gas interstate pipeline systems that transport approximately 10.9 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. It serves large utilities, local distribution companies, natural gas marketers, producing companies, and other interstate pipelines, including affiliates. TC PipeLines GP, Inc. operates as a general partner of the company. TC PipeLines, LP was founded in 1998 and is based in Houston, Texas.
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