TransCanada Corporation Hit a Speed Bump in Q3
TransCanada's (NYSE: TRP) financial results went in reverse during the third quarter, with earnings and cash flow declining sharply. While that's quite a departure from the rapid growth rate the company posted in the first two quarters of this year, it wasn't entirely unexpected. That's because the company was going up against a tough comparable quarter and it recently closed several asset sales.
That said, TransCanada's speed bump shouldn't slow it down very long because the company expects to put the finishing touches on several expansion projects by the end of the year. Those expansions and others to follow should restart the company's growth engine in the coming quarters.
Image source: Getty Images.
Source: Fool.com
TC Energy Corp. Stock
€38.66
-0.140%
Our community is currently high on TC Energy Corp. with 5 Buy predictions and 1 Sell predictions.
As a result the target price of 49 € shows a positive potential of 26.75% compared to the current price of 38.66 € for TC Energy Corp..
