TransCanada Co. (TRP) Set to Announce Quarterly Earnings on Thursday

TransCanada Co. (TSE:TRP) (NYSE:TRP) will announce its earnings results on Thursday, February 16th. Analysts expect the company to announce earnings of $0.72 per share for the quarter.

Shares of TransCanada Co. (TSE:TRP) traded down 0.66% during midday trading on Tuesday, reaching $62.03. 215,473 shares of the company’s stock traded hands. The firm’s market capitalization is $49.62 billion. The stock’s 50-day moving average price is $61.73 and its 200 day moving average price is $61.03. TransCanada Co. has a one year low of $46.81 and a one year high of $65.24.

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Several brokerages have recently commented on TRP. CSFB restated an “outperform” rating and set a C$70.00 price target on shares of TransCanada in a research note on Friday, November 18th. TD Securities restated a “buy” rating and set a C$74.00 price target on shares of TransCanada in a research note on Tuesday, January 17th. National Bank Financial raised their price target on TransCanada from C$63.00 to C$66.00 in a research note on Wednesday, January 25th. Scotiabank restated an “outperform” rating and set a C$69.00 price target on shares of TransCanada in a research note on Wednesday, January 25th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a C$72.00 price target on shares of TransCanada in a research note on Monday, December 5th. Seven investment analysts have rated the stock with a buy rating, TransCanada presently has a consensus rating of “Buy” and an average price target of C$66.00.

About TransCanada

TransCanada Corp (TransCanada) is an energy infrastructure company. The Company operates through three segments: Natural Gas Pipelines, Liquids Pipelines and Energy. 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.

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