Stock on Focus: TC PipeLines, LP (TCP)

Company Profile:

TC PipeLines, LP acquires, owns, and participates in the management of energy infrastructure businesses in North America. The company has four wholly-owned pipelines and equity ownership interests in three natural gas interstate pipeline systems that transport approximately 9.1 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.

Recent News:

The company will release its first quarter 2017 financial results on Thursday, May 4, 2017. Management will discuss the Partnership’s financial results and latest developments in a teleconference and webcast on Thursday, May 4 at 10:00 a.m. central daylight time (CDT)/11:00 a.m. eastern daylight time (EDT).

The company reported fourth quarter 2016 net income attributable to controlling interests of $60 million and distributable cash flow of $67 million. For the year ended December 31, 2016, net income attributable to controlling interests was $244 million and distributable cash flow was $313 million.

 

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

TCP’s strengths can be seen in its strong growth, robust profitability and better solvency compared with its peers. Its revenue and net income have increased over several years. Technical indicators signal the bullish signs, as MACD goes green, there is a bullish cross in Stochastic Oscillator and RSI stands at 50.58 with positive bias. We rate TC PipeLines, LP (TCP) a STRONG BUY.

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