TC Energy (TSE:TRP – Get Free Report) (NYSE:TRP) had its price objective increased by research analysts at National Bankshares from C$60.00 to C$65.00 in a research note issued to investors on Friday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ target price would suggest a potential upside of 6.59% from the stock’s current price.
Several other research analysts have also recently weighed in on the stock. BMO Capital Markets boosted their price target on shares of TC Energy from C$55.00 to C$57.00 in a research report on Friday, August 2nd. Wells Fargo & Company boosted their target price on shares of TC Energy from C$59.00 to C$64.00 in a report on Tuesday, June 4th. Jefferies Financial Group raised their price target on shares of TC Energy from C$52.00 to C$57.00 and gave the stock a “hold” rating in a report on Monday, July 29th. Scotiabank decreased their price objective on TC Energy from C$68.00 to C$62.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd. Finally, ATB Capital lifted their target price on TC Energy from C$54.00 to C$56.00 in a research report on Wednesday, July 24th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, TC Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of C$57.77.
Read Our Latest Research Report on TC Energy
TC Energy Price Performance
TC Energy (TSE:TRP – Get Free Report) (NYSE:TRP) last posted its quarterly earnings data on Thursday, August 1st. The company reported C$0.94 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of C$4.09 billion during the quarter, compared to analysts’ expectations of C$3.78 billion. Analysts expect that TC Energy will post 4.3092199 EPS for the current year.
Insider Buying and Selling
In related news, Senior Officer Christine R. Johnston sold 16,292 shares of the business’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of C$59.71, for a total value of C$972,795.32. Following the transaction, the insider now owns 466 shares in the company, valued at approximately C$27,824.86. In other news, Senior Officer Nancy Angenita Johnson sold 5,414 shares of TC Energy stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of C$61.16, for a total transaction of C$331,133.78. Also, Senior Officer Christine R. Johnston sold 16,292 shares of TC Energy 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 transaction, the insider now owns 466 shares of the company’s stock, valued at approximately C$27,824.86. Insiders sold a total of 34,525 shares of company stock worth $1,919,594 in the last 90 days. Company insiders own 0.04% of the company’s stock.
TC Energy Company Profile
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.
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