After Today’s Bullish Options Activity, Is TransCanada Corporation (USA)’s Near-Term Analysis Positive?

 After Today's Bullish Options Activity, Is TransCanada Corporation (USA)'s Near Term Analysis Positive?

In today’s session TransCanada Corporation (USA) (TRP) registered an unusually high (731) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious TRP increase. With 731 contracts traded and 11314 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: TRP161118C00045000 closed last at: $0.3 or 75% down. About 494,216 shares traded hands. TransCanada Corporation (USA) (NYSE:TRP) has risen 13.55% since April 4, 2016 and is uptrending. It has outperformed by 12.46% the S&P500.

TransCanada Corporation (USA) (NYSE:TRP) Ratings Coverage

Out of 10 analysts covering TransCanada Corporation (NYSE:TRP), 9 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 90% are positive. $60 is the highest target while $43 is the lowest. The $54.20 average target is 24.74% above today’s ($43.45) stock price. TransCanada Corporation has been the topic of 17 analyst reports since August 4, 2015 according to StockzIntelligence Inc. As per Monday, May 2, the company rating was maintained by Barclays Capital. The company was downgraded on Thursday, August 6 by Zacks. The stock of TransCanada Corporation (USA) (NYSE:TRP) earned “Neutral” rating by Goldman Sachs on Friday, September 11. The rating was initiated by Credit Suisse with “Outperform” on Friday, April 8. The firm has “Buy” rating given on Saturday, August 15 by TheStreet. On Tuesday, December 15 the stock rating was initiated by JP Morgan with “Overweight”. The stock has “Outperform” rating given by Macquarie Research on Wednesday, December 2. The rating was initiated by BMO Capital Markets on Friday, October 23 with “Outperform”. The firm earned “Buy” rating on Thursday, March 31 by Citigroup. RBC Capital Markets maintained the stock with “Outperform” rating in Wednesday, November 4 report.

According to Zacks Investment Research, “TransCanada is a North American energy company. They are focused on natural gas transmission and power services. Their pipeline transports the majority of Western Canada’s natural gas production to growing markets in Canada and the United States.”

TransCanada Corporation is an energy infrastructure company. The company has a market cap of $33.20 billion. The Firm operates through three divisions: Natural Gas Pipelines, Liquids Pipelines and Energy. It currently has negative earnings. The Natural Gas Pipelines segment consists of the Company’s investments in approximately 67,300 kilometers (km) (approximately 41,900 miles) of regulated natural gas pipelines and over 250 billion cubic feet (Bcf) of regulated natural gas storage facilities.

More notable recent TransCanada Corporation (USA) (NYSE:TRP) news were published by: Fool.ca which released: “TransCanada Corporation Is in Trouble” on November 01, 2016, also Fool.ca with their article: “TransCanada Corporation vs Fortis Inc.: Which Is a Better Dividend Stock?” published on October 17, 2016, Fool.ca published: “Another Pipeline Fiasco for TransCanada Corporation” on September 07, 2016. More interesting news about TransCanada Corporation (USA) (NYSE:TRP) were released by: Businessfinancenews.com and their article: “TransCanada Corporation (USA) – Columbia Pipeline Group Inc Merger: What …” published on June 21, 2016 as well as Fool.ca‘s news article titled: “Should You Buy TransCanada Corporation?” with publication date: August 08, 2016.

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