TC Energy (TSE:TRP) PT Raised to C$67.00

TC Energy (TSE:TRP) (NYSE:TRP) had its price target boosted by Royal Bank of Canada from C$66.00 to C$67.00 in a research note issued to investors on Thursday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock.

A number of other equities research analysts also recently weighed in on TRP. National Bankshares dropped their target price on TC Energy from C$65.00 to C$60.00 and set an “outperform” rating for the company in a research report on Thursday. Scotiabank cut their target price on shares of TC Energy from C$62.00 to C$61.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 25th. Barclays raised their target price on shares of TC Energy from C$61.00 to C$64.00 in a research note on Monday, August 19th. UBS Group raised shares of TC Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 30th. Finally, CIBC reduced their price objective on shares of TC Energy from C$62.00 to C$57.00 and set a “negative” rating on the stock in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, TC Energy currently has an average rating of “Moderate Buy” and an average price target of C$59.23.

TC Energy Price Performance

The company has a current ratio of 0.76, a quick ratio of 0.40 and a debt-to-equity ratio of 160.84. The company has a market cap of C$63.67 billion, a price-to-earnings ratio of 18.38, a P/E/G ratio of 0.26 and a beta of 0.82. TC Energy has a fifty-two week low of C$44.70 and a fifty-two week high of C$65.39. The stock’s 50 day moving average is C$61.41 and its 200-day moving average is C$55.64.

TC Energy (TSE:TRP) (NYSE:TRP) last released its quarterly earnings results on Thursday, August 1st. The company reported C$0.94 EPS for the quarter, beating the consensus estimate of C$0.89 by C$0.05. TC Energy had a net margin of 21.38% and a return on equity of 10.68%. The business had revenue of C$4.09 billion for the quarter, compared to analysts’ expectations of C$3.78 billion. As a group, equities analysts predict that TC Energy will post 4.4244068 earnings per share for the current fiscal year.

Insider Buying and Selling at TC Energy

In other news, Director Colin Lindley sold 2,773 shares of the stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of C$59.42, for a total transaction of C$164,761.40. Following the completion of the sale, the director now owns 697 shares of the company’s stock, valued at C$41,413.16. This represents a 0.00 % decrease in their ownership of the stock. In other news, Senior Officer Christine R. Johnston sold 16,292 shares of the company’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of C$59.71, for a total transaction of C$972,795.32. Following the completion of the transaction, the insider now directly owns 466 shares of the company’s stock, valued at C$27,824.86. This represents a 0.00 % decrease in their ownership of the stock. Also, Director Colin Lindley sold 2,773 shares of TC Energy stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of C$59.42, for a total value of C$164,761.40. Following the completion of the sale, the director now directly owns 697 shares in the company, valued at approximately C$41,413.16. This represents a 0.00 % decrease in their position. Over the last quarter, insiders have sold 95,479 shares of company stock valued at $5,860,018. 0.04% of the stock is currently owned by corporate insiders.

About TC Energy

TC Energy Corporation operates as an energy infrastructure company in North America. It operates through five segments: Canadian Natural Gas Pipelines; U.S. Natural Gas Pipelines; Mexico Natural Gas Pipelines; Liquids Pipelines; and Power and Energy Solutions. The company builds and operates a network of 93,600 kilometers of natural gas pipelines, which transports natural gas from supply basins to local distribution companies, power generation plants, industrial facilities, interconnecting pipelines, LNG export terminals, and other businesses.