TC Pipelines LP (TCP) was Resumed by Goldman to “Neutral”. Goldman advised their investors in a research report released on Jul 20, 2016.
Many Wall Street Analysts have commented on TC Pipelines LP. Shares were Downgraded by Barclays on Jun 20, 2016 to ” Underweight” and Lowered the Price Target to $ 49 from a previous price target of $53 .Company shares were Reiterated by RBC Capital Mkts on Jun 13, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 61 from a previous price target of $53 .TC Pipelines LP was Downgraded by Ladenburg Thalmann to ” Neutral” on May 6, 2016.
TC Pipelines LP opened for trading at $54.96 and hit $56.47 on the upside on Monday, eventually ending the session at $55.9, with a gain of 1.23% or 0.68 points. The heightened volatility saw the trading volume jump to 1,84,475 shares. Company has a market cap of $3,745 M.
TC PipeLines LP is a limited partnership company that acquires owns and participates in the management of energy infrastructure businesses in North America. The company’s pipeline systems transport natural gas in the United States. The company is managed by its General Partner which is an indirect wholly owned subsidiary of TransCanada. It has equity ownership interests in two natural gas interstate pipeline systems as well as three wholly-owned and one majority owned pipeline. Collectively the pipelines are designed to transport approximately 8.9 billion cubic feet per day of natural gas from producing regions and import facilities to market hubs and consuming markets primarily in the Western and Midwestern United States. Its pipeline systems include Great Lakes Gas Transmission Limited Partnership Northern Border Pipeline Company Gas Transmission Northwest LLC Bison Pipeline LLC North Baja Pipeline LLC and Tuscarora Gas Transmission Company.