Energy infrastructure firm TransCanada Corporation (USA) (NYSE:TRP) announced on Friday that a profit for the Q1 that surged from previous year, reflecting higher Canadian Mainline earnings, better equity income from Bruce Power plus advanced realized power prices from U.S. Power. Similar earnings per share missed analysts’ anticipations by two cents, whereas quarterly revenues came in over their forecasts.
President and CEO Russ Girling stated that their 3 business segments performed healthy during the Q1. The resume of Bruce Power Units 1 and 2, the completion of the Bruce Power Unit 4 life extension outage in April, the return to service of Sundance A this fall, and a senior Canadian Mainline return on equity are all predictable to have an optimistic impact on earnings in 2013.
Moving readers toward the broader market, let’s consider percentage change in stocks prices of other stocks in the similar sector who contribute major role in the market that includes ONEOK, Inc.(NYSE:OKE) lost -0.55%, EQT Corporation(NYSE:EQT) down -0.15%, Clean Energy Fuels Corp(NASDAQ:CLNE) which also decreased -1.36% and Questar Corporation(NYSE:STR) closed down -0.59%.
TransCanada Corporation (USA)(NYSE:TRP) stock’s trade at beginning with a price of $48.49 and throughout the trading session climbed at a high of $48.70 other than when day-trade ended the stock finally plunged -0.82% to $48.43.
The stock is going forward its 52 week low with 26.10% and lagging behind from its 52 week high price with -1.70%. TRP last month stock price volatility remained 1.54%.
TRP stock institutional ownership remained 60.21%. In its share capital TRP has 706.37 million outstanding shares among them 0.31 million shares have been floated in market exchange.
Company’s beta coefficient included 0.74. Beta factors measures the amount of market risk associated with market trade.
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