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

TC Energy (TSE:TRP) (NYSE:TRP) had its price objective raised by equities research analysts at Barclays from C$66.00 to C$67.00 in a research note issued on Monday, BayStreet.CA reports. Barclays‘s price target points to a potential upside of 2.23% from the stock’s previous close.

Several other research analysts have also commented on TRP. JPMorgan Chase & Co. decreased their price objective on shares of TC Energy from C$66.00 to C$60.00 and set a “neutral” rating for the company in a report on Tuesday, October 8th. Jefferies Financial Group upped their target price on shares of TC Energy from C$57.00 to C$66.00 and gave the stock a “hold” rating in a research report on Monday, September 30th. UBS Group raised shares of TC Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 30th. BMO Capital Markets reduced their target price on shares of TC Energy from C$65.00 to C$55.00 and set a “market perform” rating on the stock in a research report on Wednesday, October 2nd. Finally, Scotiabank reduced 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. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, TC Energy presently has an average rating of “Hold” and a consensus price target of C$60.58.

TC Energy Trading Down 1.3 %

TSE TRP traded down C$0.88 during trading on Monday, hitting C$65.54. The company had a trading volume of 615,347 shares, compared to its average volume of 7,241,776. The company has a current ratio of 0.76, a quick ratio of 0.40 and a debt-to-equity ratio of 160.84. TC Energy has a one year low of C$41.86 and a one year high of C$66.70. The company has a market cap of C$68.16 billion, a price-to-earnings ratio of 19.83, a price-to-earnings-growth ratio of 1.69 and a beta of 0.82. The company’s fifty day moving average is C$62.29 and its 200-day moving average is C$56.25.

TC Energy (TSE:TRP) (NYSE:TRP) last issued its quarterly earnings data on Thursday, August 1st. The company reported C$0.94 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of C$3.78 billion. On average, sell-side analysts predict that TC Energy will post 3.5490515 earnings per share for the current year.

Insider Activity at TC Energy

In related news, Senior Officer Dawn Elizabeth De Lima purchased 545 shares of the company’s stock in a transaction dated Tuesday, September 24th. The shares were purchased at an average price of C$63.06 per share, with a total value of C$34,367.70. In other news, Director Richard Prior sold 3,000 shares of the firm’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of C$44.00, for a total transaction of C$132,000.00. Also, Senior Officer Dawn Elizabeth De Lima purchased 545 shares of the company’s stock in a transaction dated Tuesday, September 24th. The shares were bought at an average cost of C$63.06 per share, for a total transaction of C$34,367.70. In the last ninety days, insiders have sold 95,479 shares of company stock valued at $5,860,018. 0.03% of the stock is owned by 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.