TC Energy (TSE:TRP) PT Raised to C$67.00 at Royal Bank of Canada

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

Several other analysts also recently weighed in on the company. ATB Capital decreased their target price on TC Energy from C$60.00 to C$58.00 and set a “sector perform” rating for the company in a research note on Thursday. Jefferies Financial Group increased their price objective on TC Energy from C$57.00 to C$66.00 and gave the company a “hold” rating in a research report on Monday, September 30th. CIBC dropped their target price on shares of TC Energy from C$62.00 to C$57.00 and set a “negative” rating on the stock in a research report on Wednesday. UBS Group raised shares of TC Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, September 30th. Finally, BMO Capital Markets dropped their price objective on shares of TC Energy from C$65.00 to C$55.00 and set a “market perform” rating on the stock in a report on Wednesday. One analyst has rated the stock with a sell rating, five have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, TC Energy has a consensus rating of “Moderate Buy” and an average target price of C$59.23.

TC Energy Stock Performance

The company has a debt-to-equity ratio of 160.84, a current ratio of 0.76 and a quick ratio of 0.40. The business has a fifty day moving average price of C$61.41 and a two-hundred day moving average price of C$55.64. The firm has a market capitalization of C$63.67 billion, a PE ratio of 18.38, a price-to-earnings-growth ratio of 0.26 and a beta of 0.82. TC Energy has a one year low of C$44.70 and a one year high of C$65.39.

TC Energy (TSE:TRP) (NYSE:TRP) last released its earnings results 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. The firm had revenue of C$4.09 billion during the quarter, compared to analyst estimates of C$3.78 billion. TC Energy had a net margin of 21.38% and a return on equity of 10.68%. As a group, research analysts predict that TC Energy will post 4.4244068 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Colin Lindley sold 2,773 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of C$59.42, for a total value of C$164,761.40. Following 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. In related news, Director Jawad Masud sold 6,041 shares of TC Energy stock in a transaction dated Monday, September 16th. The shares were sold at an average price of C$63.50, for a total transaction of C$383,603.50. Also, Director Colin Lindley sold 2,773 shares of the company’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of C$59.42, for a total transaction of C$164,761.40. Following the sale, the director now directly owns 697 shares in the company, valued at C$41,413.16. This represents a 0.00 % decrease in their ownership of the stock. Insiders sold a total of 95,479 shares of company stock worth $5,860,018 over the last quarter. Company insiders own 0.04% of the company’s stock.

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.