TransCanada Co. (TSE:TRP) (NYSE:TRP) will be releasing its earnings data on Wednesday, July 26th. Analysts expect TransCanada to post earnings of $0.66 per share for the quarter.

Shares of TransCanada Co. (TSE:TRP) opened at 63.67 on Wednesday. The company’s 50-day moving average price is $63.07 and its 200 day moving average price is $62.31. The firm has a market capitalization of $55.46 billion and a price-to-earnings ratio of 99.80. TransCanada Co. has a 12-month low of $57.36 and a 12-month high of $65.24.

In other TransCanada news, insider Russell Girling bought 100,000 shares of the company’s stock in a transaction on Thursday, June 8th. The shares were bought at an average price of C$36.90 per share, for a total transaction of C$3,690,000.00. Also, Director Louis Bergeron bought 500 shares of the company’s stock in a transaction on Thursday, June 22nd. The shares were acquired at an average price of C$62.05 per share, for a total transaction of C$31,025.00. Over the last ninety days, insiders have acquired 125,780 shares of company stock valued at $5,330,406 and have sold 12,744 shares valued at $808,056.

Several research firms have commented on TRP. TD Securities upped their price objective on TransCanada from C$75.00 to C$77.00 and gave the company a “buy” rating in a research note on Monday, May 15th. Royal Bank Of Canada upped their price objective on TransCanada from C$72.00 to C$76.00 and gave the company an “outperform” rating in a research note on Monday, May 15th. CIBC reaffirmed an “ourperform” rating and set a C$68.00 price objective on shares of TransCanada in a research note on Monday, May 8th. Scotiabank upped their price objective on TransCanada from C$69.00 to C$71.00 and gave the company an “outperform” rating in a research note on Monday, May 15th. Finally, Wells Fargo & Company reaffirmed an “outperform” rating on shares of TransCanada in a research note on Friday, March 31st. Six research analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and an average price target of C$70.88.

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About TransCanada

TransCanada Corporation is an energy infrastructure company. The Company is engaged in the development and operation of North American energy infrastructure, including natural gas and liquids pipelines, power generation and natural gas storage facilities. Its segments include Canadian Natural Gas Pipelines, U.S.

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