TransCanada Sees Unusually Large Options Volume (TRP)
Shares of TransCanada (NYSE:TRP) saw some unusual options trading activity on Thursday. Traders purchased 12,077 call options on the company, AnalystRatingsNetwork.com reports. This represents an increase of 950% compared to the typical daily volume of 1,150 call options.
Several analysts have recently commented on the stock. Analysts at TD Securities upgraded shares of TransCanada (NYSE:TRP) from a “hold” rating to a “buy” rating in a research note to investors on Monday, July 29th. Analysts at Desjardins upgraded shares of TransCanada (NYSE:TRP) from a “hold” rating to a “buy” rating in a research note to investors on Monday, July 29th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. TransCanada presently has a consensus rating of “Buy” and a consensus target price of $50.33.
TransCanada (NYSE:TRP) opened at 44.00 on Friday. TransCanada has a one year low of $42.39 and a one year high of $49.65. The stock has a 50-day moving average of $44.1 and a 200-day moving average of $46.09. The company has a market cap of $31.108 billion and a price-to-earnings ratio of 20.56.
TransCanada (NYSE:TRP) last posted its quarterly earnings results on Friday, July 26th. The company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by $0.01. The company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.14 billion. During the same quarter in the previous year, the company posted $0.46 earnings per share. The company’s revenue for the quarter was up 8.8% on a year-over-year basis.
TransCanada Corporation (NYSE:TRP) is a North American energy infrastructure company focused on natural gas pipelines, oil pipelines and energy.
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