TC Energy (TSE:TRP) PT Raised to C$66.00

TC Energy (TSE:TRP) (NYSE:TRP) had its target price upped by equities researchers at Barclays from C$64.00 to C$66.00 in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. Barclays‘s target price suggests a potential upside of 2.64% from the stock’s current price.

TRP has been the subject of a number of other reports. CIBC decreased their target price on shares of TC Energy from C$62.00 to C$57.00 and set a “negative” rating for the company in a research report on Wednesday, October 2nd. Royal Bank of Canada increased their target price on shares of TC Energy from C$66.00 to C$67.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. Jefferies Financial Group raised their price target on shares of TC Energy from C$57.00 to C$66.00 and gave the company a “hold” rating in a research note on Monday, September 30th. National Bankshares decreased their price target on shares of TC Energy from C$65.00 to C$60.00 and set an “outperform” rating on the stock in a research note on Thursday, October 3rd. Finally, JPMorgan Chase & Co. cut 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. Two research analysts have rated the stock with a sell rating, five have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, TC Energy presently has a consensus rating of “Hold” and an average price target of C$59.46.

TC Energy Stock Up 2.4 %

TSE:TRP traded up C$1.49 during trading hours on Tuesday, reaching C$64.30. The company’s stock had a trading volume of 1,463,093 shares, compared to its average volume of 7,263,016. The company has a market capitalization of C$66.87 billion, a P/E ratio of 19.44, a price-to-earnings-growth ratio of 0.26 and a beta of 0.82. TC Energy has a 12 month low of C$41.86 and a 12 month high of C$64.37. The company has a debt-to-equity ratio of 160.84, a quick ratio of 0.40 and a current ratio of 0.76. The stock has a 50 day moving average price of C$61.81 and a two-hundred day moving average price of C$55.94.

TC Energy (TSE:TRP) (NYSE:TRP) last released its quarterly earnings results on Thursday, August 1st. The company reported C$0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.89 by C$0.05. The business had revenue of C$4.09 billion for 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%. Equities analysts predict that TC Energy will post 4.4244068 EPS for the current fiscal year.

Insider Activity at TC Energy

In other TC Energy news, Senior Officer Dawn Elizabeth De Lima purchased 545 shares of the firm’s stock in a transaction on Tuesday, September 24th. The stock was bought at an average price of C$63.06 per share, with a total value of C$34,367.70. In other news, Director Colin Lindley sold 2,773 shares of TC Energy 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 directly owns 697 shares of the company’s stock, valued at approximately C$41,413.16. The trade was a 0.00 % decrease in their position. Also, Senior Officer Dawn Elizabeth De Lima acquired 545 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The shares were purchased at an average cost of C$63.06 per share, with a total value of C$34,367.70. In the last quarter, insiders sold 95,479 shares of company stock worth $5,860,018. 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.