NEW YORK (
) hit a new 52-week high Monday as it traded at $54.15 compared with its previous 52-Week high of $53.91. TC Pipelines is changing hands at $54.06 with 42,520 shares traded as of 3:52 p.m. ET. Average volume has been 82,300 shares over the past 30 days.
TC Pipelines has a market cap of $2.4 billion and is part of the
industry. Shares are up 2.8% year to date as of the close of trading on Friday.
TC PipeLines, LP, together with its subsidiaries, transports natural gas in the United States, eastern Canada, and Mexico. The company has a P/E ratio of 18.1, below the average energy industry P/E ratio of 19.7 and below the S&P 500 P/E ratio of 22.6.
TheStreet Ratings rates TC Pipelines as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full
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