November 18, 2016 - By Richard Conner · 0 Comments
The stock of Transcanada Corporation (NYSE:TRP) registered an increase of 10.87% in short interest. TRP’s total short interest was 6.77 million shares in November as published by FINRA. Its up 10.87% from 6.11 million shares, reported previously. With 1.27 million shares average volume, it will take short sellers 5 days to cover their TRP’s short positions. The short interest to Transcanada Corporation’s float is 0.85%. The stock increased 0.29% or $0.13 during the last trading session, hitting $44.76. TransCanada Corporation (USA) (NYSE:TRP) has risen 12.04% since April 18, 2016 and is uptrending. It has outperformed by 7.61% the S&P500.
TransCanada Corporation is an energy infrastructure company. The company has a market cap of $37.03 billion. The Firm operates through three divisions: Natural Gas Pipelines, Liquids Pipelines and Energy. It currently has negative earnings. The Natural Gas Pipelines segment consists of the Company’s investments in approximately 67,300 kilometers (km) (approximately 41,900 miles) of regulated natural gas pipelines and over 250 billion cubic feet (Bcf) of regulated natural gas storage facilities.
Out of 10 analysts covering TransCanada Corporation (NYSE:TRP), 9 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 90% are positive. TransCanada Corporation has been the topic of 17 analyst reports since August 4, 2015 according to StockzIntelligence Inc. Bank of America initiated the stock with “Buy” rating in Thursday, September 1 report. Goldman Sachs upgraded the shares of TRP in a report on Friday, September 11 to “Neutral” rating. Credit Suisse initiated the shares of TRP in a report on Friday, April 8 with “Outperform” rating. The stock has “Outperform” rating given by Macquarie Research on Wednesday, December 2. The firm earned “Outperform” rating on Friday, October 23 by BMO Capital Markets. The rating was upgraded by Citigroup to “Buy” on Thursday, March 31. Goldman Sachs maintained TransCanada Corporation (USA) (NYSE:TRP) on Wednesday, July 20 with “Buy” rating. The rating was downgraded by TheStreet to “Buy” on Saturday, August 15. The rating was maintained by Barclays Capital with “Equal-Weight” on Monday, May 2. As per Monday, December 7, the company rating was upgraded by IBC.
More notable recent TransCanada Corporation (USA) (NYSE:TRP) news were published by: Fool.ca which released: “TransCanada Corporation: Should Dividend Investors Buy the Pullback?” on November 14, 2016, also Fool.ca with their article: “Dividend Investors: Should You Buy TransCanada Corporation or Telus Corporation?” published on November 08, 2016, Fool.ca published: “TransCanada Corporation Is in Trouble” on November 01, 2016. More interesting news about TransCanada Corporation (USA) (NYSE:TRP) were released by: Fool.ca and their article: “Canadian Natural Resources Limited Goes to War With TransCanada Corporation” published on November 05, 2016 as well as Businessfinancenews.com‘s news article titled: “TransCanada Corporation (USA) â€“ Columbia Pipeline Group Inc Merger: What …” with publication date: June 21, 2016.
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By Richard Conner