Palmer Buys 2000 Shares of TransCanada Co. (TRP) Stock

Marco Green
February 24, 2018

TransCanada Corporation (NYSE:TRP) has risen 15.03% since February 14, 2017 and is uptrending. It has underperformed by 1.67% the S&P500.

The company said in January customers committed to using about two-thirds of the capacity on its planned $8 billion Keystone XL oil pipeline, bringing the company closer to a final investment decision. It offers cigarettes primarily under the Marlboro brand; cigars principally under the Black & Mild brand; and moist smokeless tobacco products under the Copenhagen and Skoal, Red Seal, and Husky brands. Its price to free cash flow for trailing twelve months is 12.10 and Current ratio for most recent quarter of 0.50. The firm also produces and sells varietal and blended table wines, and sparkling wines under the Chateau Ste. The stock increased 0.32% or $0.09 during the last trading session, reaching $27.03. However, its trading capacity stayed around 2.51 million shares in normal days. Tracking the stock price in relation to moving averages as well as highs and lows for the year might assist with evaluating future stock performance. MO was included in 4 notes of analysts from September 13, 2016.

Among 31 analysts covering Symantec (NASDAQ:SYMC), 9 have Buy rating, 3 Sell and 19 Hold. The stock of Altria Group, Inc. Guggenheim initiated Symantec Corporation (NASDAQ:SYMC) on Thursday, September 15 with "Buy" rating. The rating was downgraded by Berenberg on Friday, February 3 to "Hold". It also increased its holding in Union Pacific Corp (NYSE:UNP) by 71,350 shares in the quarter, for a total of 389,800 shares, and has risen its stake in Republic Services Inc (NYSE:RSG). Peak6 Invs Ltd Partnership owns 44,121 shares or 0.01% of their USA portfolio. The return on assets ratio shows how well management is employing the company's total assets to make a profit. The Wyoming-based Cypress Capital Management Llc (Wy) has invested 8.81% in the stock. 571.53 million shares or 3.02% more from 554.80 million shares in 2017Q2 were reported.

Since January 1, 0001, it had 0 insider buys, and 2 insider sales for $2.95 million activity. The share price has yet to cross its 20 days moving average, floating at a distance of -13.46% and sits -1.6% lower versus its 50 days moving average. It also upped Eog Res Inc (NYSE:EOG) stake by 2,480 shares and now owns 7,045 shares. Finally, TD Securities raised shares of TransCanada from a "buy" rating to an "action list buy" rating and lifted their target price for the company from C$79.00 to C$81.00 in a research note on Friday, November 10th. Therefore 92% are positive. The Company is engaged in the development and operation of North American energy infrastructure, including natural gas and liquids pipelines, power generation and natural gas storage facilities. The company was downgraded on Friday, April 29 by Raymond James. The Return on Investment (ROI) ratio of TransCanada Corporation (TRP) is 3.5 percent. The rating was initiated by BMO Capital Markets on Friday, October 23 with "Outperform". The rating was downgraded by Zacks on Thursday, August 6 to "Hold". Oppenheimer maintained Symantec Corporation (NASDAQ:SYMC) rating on Friday, June 9. The firm earned "Sector Outperform" rating on Monday, December 7 by IBC.

One company I have been keeping my eye on of late is TransCanada Corporation (TSX:TRP), an energy infrastructure company which is now trading at a discount of more than 10% to the company's 52-week high, despite regulatory support for the company's Keystone pipeline and expectations that energy infrastructure companies such as TransCanada should benefit long-term from a relative lack of capacity in this sector to get Canadian oil out of Canada.

Analysts await TransCanada Corporation (NYSE:TRP) to report earnings on February, 15. They expect $0.75 earnings per share, up 22.95% or $0.14 from last year's $0.61 per share. TRP's profit will be $585.72M for 15.92 P/E if the $0.67 EPS becomes a reality.

W&T Offshore, Inc. (WTI) remained successful in beating the consensus-estimated $0.02 as it actually earned $0.04 per share in its last reported financial results.

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