Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.

How to buy TC PipeLines stock

Own TC PipeLines stock in just a few minutes.

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.

How to buy shares in TC PipeLines

  1. Compare share trading platforms. Use our comparison table to help you find a platform that fits you.
  2. Open your brokerage account. Complete an application with your details.
  3. Confirm your payment details. Fund your account.
  4. Research the stock. Find the stock by name or ticker symbol – TCP – and research it before deciding if it's a good investment for you.
  5. Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price.
  6. Check in on your investment. Optimize your portfolio by tracking your stock.

TC PipeLines share price

Use our graph to track the performance of TCP stocks over time.

TC PipeLines shares at a glance

Information last updated 2021-03-10.
52-week range$16.52 - $34.85
50-day moving average $30.35
200-day moving average $29.79
Wall St. target price$35.00
PE ratio 7.7481
Dividend yield $2.6 (8.75%)
Earnings per share (TTM) $3.90

Buy TC PipeLines shares from these brokerages

Compare special offers, low fees and a wide range of types of investments among top trading platforms.
Name Product Stock trade fee Asset types Option trade fee Annual fee Signup bonus
Sofi Invest
$0
Stocks, ETFs, Cryptocurrency
N/A
0%
A free way to invest in stocks, ETFs and crypto.
Robinhood
$0
Stocks, Options, ETFs
$0
0%
Free stock (chosen randomly with a value anywhere between $2.50 and $200)
Sign up using the "go to site" link
Make unlimited commission-free trades in stocks, funds, and options with Robinhood Financial.
Interactive Brokers
$0
Stocks, Bonds, Options, Mutual funds, ETFs, Currencies
$0 + $0.65/contract, $1 minimum
0%
N/A
IBKR Lite offers $0 commissions, and IBKR Pro offers advanced tools for professional traders.
Webull
$0
Stocks, Options, ETFs
$0
0%
Get one free stock valued between $2.50 and $250 when you open an account, one more with a deposit
Open an account
Margin financing rates start at 3.99%. No monthly subscription fees for margin.
Public
$0
Stocks, ETFs
N/A
$0 per month
N/A
loading

Compare up to 4 providers

*Signup bonus information updated weekly.

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.

Is it a good time to buy TC PipeLines stock?

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.

Is TC PipeLines under- or over-valued?

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 P/E ratio

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 PEG ratio

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

TC PipeLines's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $469 million.

The EBITDA is a measure of a TC PipeLines's overall financial performance and is widely used to measure a its profitability.

TC PipeLines financials

Revenue TTM $569 million
Operating margin TTM 66.78%
Gross profit TTM $505 million
Return on assets TTM 7.92%
Return on equity TTM 37.79%
Profit margin 48.86%
Book value $10.08
Market capitalisation $2.2 billion

TTM: trailing 12 months

Shorting TC PipeLines shares

There are currently 1.0 million TC PipeLines shares held short by investors – that's known as TC PipeLines's "short interest". This figure is 241.1% up from 298,991 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)

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 396801.55642023). TC PipeLines's SIR currently stands at 2.57. In other words for every 100,000 TC PipeLines shares traded daily on the market, roughly 2570 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 0.0316% of the tradable shares (for every 100,000 tradable TC PipeLines shares, roughly 32 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.

TC PipeLines share dividends

67%

Dividend payout ratio: 66.67% of net profits

Recently TC PipeLines has paid out, on average, around 66.67% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 8.61% 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 8.61% 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 11 February 2021. The latest dividend was paid out to all shareholders who bought their shares by 27 January 2021 (the "ex-dividend date").

TC PipeLines share price volatility

Over the last 12 months, TC PipeLines's shares have ranged in value from as little as $16.5196 up to $34.8505. A popular way to gauge a stock's volatility is its "beta".

TCP.US volatility(beta: 0.92)Avg. volatility(beta: 1.00)LowHigh

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 0.921. This would suggest that TC PipeLines's shares are less volatile than average (for this exchange).

TC PipeLines overview

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.

Frequently asked questions

More guides on Finder

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and finder.com Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site