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TransCanada (TRP) Looks Good: Stock Jumps 5.1% in Session

TransCanada CorporationTRP was a big mover last session, as the company saw its shares rise over 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 $30.17 to $32.76 in the past one-month time frame.

None of the estimates for this oil production stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday's price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

TransCanada currently carries a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%.

A better-ranked stock in the same industry is Antero Midstream Partners LP AM , carrying a Zacks Rank #2 (Buy).

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

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ANTERO MIDSTRM (AM): Free Stock Analysis Report

TRANSCDA CORP (TRP): 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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