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How to buy TC PipeLines stock | $29.89

Own TC PipeLines stock in just a few minutes.

Fact checked

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. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for TC PipeLines. Find the stock by name or ticker symbol: TCP. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until TC PipeLines reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. At last close price of USD$29.89, weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of TC PipeLines, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of TC PipeLines. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect 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 2020-10-21.
Latest market closeUSD$29.89
52-week rangeUSD$18 - USD$44.65
50-day moving average USD$28.5009
200-day moving average USD$31.4921
Wall St. target priceUSD$39.2
PE ratio 8.2081
Dividend yield USD$2.6 (8.7%)
Earnings per share (TTM) USD$3.703

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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.

TC PipeLines price performance over time

Historical closes compared with the close of $29.89 from 2021-01-11

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

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 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.

TC PipeLines financials

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%
Profit margin 49.19%
Book value $9.397
Market capitalisation USD$2.2 billion

TTM: trailing 12 months

Shorting TC PipeLines shares

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)

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.

TC PipeLines share dividends

70%

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").

TC PipeLines share price volatility

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".

TCP.US volatility(beta: 1.03)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 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 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.

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