TC PipeLines, LP Common Units representing Limited Partner Interests (TCP): Price and Financial Metrics


TC PipeLines, LP Common Units representing Limited Partner Interests (TCP): $29.90

-1.08 (-3.49%)

POWR Rating

Component Grades

Growth

S

Value

I

Momentum

G

Stability

N

Sentiment

U

Quality

P

TCP Stock Summary

  • With a one year PEG ratio of 2,776.28, Tc Pipelines Lp is expected to have a higher PEG ratio (a measure of how expensive a stock is relative to its expected earnings growth) than 98.65% of US stocks.
  • With a price/earnings ratio of 7.67, Tc Pipelines Lp P/E ratio is greater than that of about just 6.55% of stocks in our set with positive earnings.
  • The ratio of debt to operating expenses for Tc Pipelines Lp is higher than it is for about 92.74% of US stocks.
  • Stocks that are quantitatively similar to TCP, based on their financial statements, market capitalization, and price volatility, are BORR, NEWT, NMCI, FUN, and MSC.
  • Visit TCP's SEC page to see the company's official filings. To visit the company's web site, go to www.tcpipelineslp.com.

TCP Stock Price Chart Interactive Chart >

Price chart for TCP

TCP Price/Volume Stats

Current price $29.90 52-week high $41.20
Prev. close $30.98 52-week low $18.00
Day low $29.80 Volume 643,800
Day high $31.10 Avg. volume 418,595
50-day MA $30.14 Dividend yield 8.7%
200-day MA $30.85 Market Cap 2.13B

TC PipeLines, LP Common Units representing Limited Partner Interests (TCP) Company Bio


TC Pipelines LP owns, and participates in the management of energy infrastructure businesses in North America. The company has equity ownership interests in two natural gas interstate pipeline systems, as well as three wholly-owned and one majority owned pipeline.The company was founded in 1998 and is based in Houston, Texas.

TCP Price Forecast Based on DCF Valuation

Current PriceDCF Fair Value Target: Forecasted Gain:
$29.90$9.49 -68%

The table below illustrates the output of a discounted cash flow forecast using a variety of scenarios for Tc Pipelines Lp. To summarize, we found that Tc Pipelines Lp ranked in the 27th percentile in terms of potential gain offered. We should note, though, that the most conservative analysis suggests this stock will yield negative results -- and thus may be a potential short opportunity. In terms of the factors that were most noteworthy in this DCF analysis for TCP, they are:

  • 49% of the company's capital comes from equity, which is greater than only 18.17% of stocks in our cash flow based forecasting set.
  • Tc Pipelines Lp's weighted average cost of capital (WACC) is 7%; for context, that number is higher than merely 1.43% of tickers in our DCF set.
  • The company's cost of debt, derived from its interest coverage, tax rate, and market capitalization, is greater than just 17.08% of stocks in its sector (Energy).


Terminal Growth Rate in Free Cash FlowReturn Relative to Current Share Price
0%-69%
1%-69%
2%-68%
3%-68%
4%-68%
5%-67%

CEO, COG, PBA, NOV, and VVV can be thought of as valuation peers to TCP, in the sense that they are in the Energy sector and have a similar price forecast based on DCF valuation.


TCP Latest News Stream


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Latest TCP News From Around the Web

Below are the latest news stories about Tc Pipelines Lp that investors may wish to consider to help them evaluate TCP as an investment opportunity.

TC PipeLines Q4 2020 Earnings Preview

TC PipeLines (NYSE:TCP) is scheduled to announce Q4 earnings results on Wednesday, February 24th, before market open.The consensus EPS Estimate is $1.02 (+7.4% Y/Y) and the consensus Revenue Estimate is $148.94M (+43.2% Y/Y).Over the last 1 year, TCP has beaten EPS estimates 75% of the time and has beaten revenue...

Seeking Alpha | February 23, 2021

TC Energy affirms 0.70 share-for-unit exchange ratio in definitive agreement to acquire all outstanding common units of TC PipeLines, LP

CALGARY, Alberta, Feb. 22, 2021 (GLOBE NEWSWIRE) -- News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy) today responded to a unitholder’s recent assertion of the inadequacy of the exchange ratio in the definitive agreement to acquire all of the outstanding common units of TC PipeLines, LP (NYSE:TCP) (TCP or the Partnership) not beneficially owned by TC Energy or its affiliates. The exchange ratio of 0.70 of a TCE common share for each TCP common unit represents a 20.8 per cent premium to the TCP closing price before the original offer as of October 2, 2020. The exchange ratio was unanimously approved by a conflicts committee composed of independent directors of the Partnership’s general partner, after consultation with its independent legal and financial advisors. “We affi...

Yahoo | February 22, 2021

TC PipeLines recommends unitholders vote “FOR” the merger with TC Energy

Exchange Ratio represents a 20.8% premium to TC PipeLines’ closing unit price on October 2, 2020HOUSTON, Feb. 22, 2021 (GLOBE NEWSWIRE) -- TC PipeLines, LP (NYSE: TCP) (the Partnership or TC PipeLines) today reiterated its support of the pending merger with TC Energy Corporation (TSX, NYSE: TRP) (TC Energy). In reaffirming its support of the pending merger, the Partnership notes that: TC PipeLines unitholders will benefit from a more stable, diversified and attractive value creation opportunity in TC Energy: TC PipeLines unitholders will become TC Energy shareholders, providing the opportunity to participate in the growth of the post-merger company. TC Energy’s valuation has proven to be more resilient during the recent challenging environment than that of TC PipeLines.The transaction i...

Yahoo | February 22, 2021

TC PipeLines shareholder to vote no on TC Energy deal

TC PipeLines' (TCP) largest independent unitholder, Energy Income Partners, says it will vote against the proposed merger with TC Energy (TRP), saying the deal undervalues the company's assets.EIP, which owns a greater than 10% stake in TC Energy, says TC Energy's offer of 0.70 common shares of TRP for each unit of...

Seeking Alpha | February 19, 2021

TC PipeLines largest unitholder to vote against $1.68 bln merger with TC Energy

TC PipeLines LP's largest independentunitholder, Energy Income Partners, said on Friday it plans tovote against the $1.68 billion merger with Keystone pipelineowner TC Energy, saying the deal undervalues thecompany's assets. Energy Income Partners has more than 10% stake, which makesit the largest 'non-affiliated' unitholder. Calgary-based TC Energy owns about 24% stake in TC PipeLinesthrough the Master Limited Partnership's (MLP) general partner.The company had said in December it would acquire the rest byoffering 0.70 shares for each unit of TC PipeLines.

Yahoo | February 19, 2021

Read More 'TCP' Stories Here

TCP Price Returns

1-mo 2.05%
3-mo -3.00%
6-mo -1.36%
1-year -14.06%
3-year -24.20%
5-year 1.81%
YTD 3.78%
2020 -24.61%
2019 41.42%
2018 -34.01%
2017 -3.49%
2016 27.00%

TCP Dividends

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Continue Researching TCP

Want to see what other sources are saying about Tc Pipelines Lp's financials and stock price? Try the links below:

Tc Pipelines Lp (TCP) Stock Price | Nasdaq
Tc Pipelines Lp (TCP) Stock Quote, History and News - Yahoo Finance
Tc Pipelines Lp (TCP) Stock Price and Basic Information | MarketWatch


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