TC Energy Co. (TSE:TRP) Receives C$73.00 Average PT from Analysts

TC Energy Co. (TSE:TRP) (NYSE:TRP) has been given an average recommendation of “Moderate Buy” by the fourteen ratings firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, five have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is C$73.00.

Several brokerages have commented on TRP. Royal Bank of Canada increased their price target on TC Energy from C$67.00 to C$71.00 in a report on Friday, November 8th. ATB Capital upped their price objective on shares of TC Energy from C$64.00 to C$65.00 in a report on Friday, November 8th. JPMorgan Chase & Co. lifted their target price on shares of TC Energy from C$70.00 to C$79.00 in a report on Monday, November 18th. TD Securities set a C$73.00 price target on shares of TC Energy and gave the company a “buy” rating in a report on Wednesday, January 15th. Finally, Raymond James upgraded TC Energy to a “hold” rating in a research note on Thursday, November 21st.

Insiders Place Their Bets

In other news, Senior Officer Stanley G. Chapman Iii sold 267,435 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of C$66.51, for a total value of C$17,785,898.39. Also, Senior Officer Francois Lionel Poirier sold 118,243 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of C$68.38, for a total value of C$8,085,219.85. Insiders have sold 404,835 shares of company stock worth $27,159,988 over the last 90 days. Corporate insiders own 0.03% of the company’s stock.

TC Energy Trading Down 0.5 %

TSE:TRP opened at C$66.95 on Monday. The company has a market capitalization of C$69.63 billion, a P/E ratio of 20.23, a P/E/G ratio of 1.69 and a beta of 0.82. The stock’s 50 day moving average price is C$67.07 and its 200 day moving average price is C$64.39. The company has a debt-to-equity ratio of 160.84, a quick ratio of 0.40 and a current ratio of 0.76. TC Energy has a 52 week low of C$43.83 and a 52 week high of C$70.32.

TC Energy (TSE:TRP) (NYSE:TRP) last announced its quarterly earnings results on Thursday, November 7th. The company reported C$1.03 EPS for the quarter, topping the consensus estimate of C$0.97 by C$0.06. TC Energy had a net margin of 21.38% and a return on equity of 10.68%. The company had revenue of C$4.08 billion for the quarter, compared to analyst estimates of C$3.90 billion. On average, research analysts forecast that TC Energy will post 3.5490515 EPS for the current fiscal year.

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.