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TC PipeLines (TCP) Looks Good: Stock Adds 5.4% in Session

TC PipeLines, LPTCP was a big mover last session, as the company saw its shares rise more than 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $27.27 to $31.17 in the past one-month time frame.

The company has seen one positive estimate revision in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for TC PipeLines. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

TC PipeLines currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.

TC PipeLines, LP Price

TC PipeLines, LP Price | TC PipeLines, LP Quote

A better-ranked stock in the Oil and Gas - Production Pipeline - MLP industry is Shell Midstream Partners, L.P. SHLX , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .

Is TCP going up? Or down? Predict to see what others think: Up or Down

The Hottest Tech Mega-Trend of All

Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.

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Shell Midstream Partners, L.P. (SHLX): Free Stock Analysis Report

TC PipeLines, LP (TCP): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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