TC Energy Co. (TSE:TRP) Receives C$73.00 Consensus Price Target from Analysts

Shares of TC Energy Co. (TSE:TRP) (NYSE:TRP) have been given a consensus recommendation of “Moderate Buy” by the fourteen research firms that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is C$73.00.

Several research firms have recently commented on TRP. Morgan Joseph raised shares of TC Energy from an “underweight” rating to an “overweight” rating and increased their price target for the company from C$62.00 to C$78.00 in a research note on Friday, October 25th. Scotiabank increased their price objective on TC Energy from C$74.00 to C$75.00 in a research report on Wednesday, November 20th. National Bankshares boosted their target price on TC Energy from C$70.00 to C$71.00 in a research report on Wednesday, November 20th. JPMorgan Chase & Co. raised their price target on TC Energy from C$70.00 to C$79.00 in a report on Monday, November 18th. Finally, CIBC lifted their price objective on TC Energy from C$68.00 to C$70.00 and gave the stock a “neutral” rating in a research report on Thursday, January 9th.

Insider Activity at TC Energy

In other news, Director Lindsay Mackay sold 3,520 shares of TC Energy stock in a transaction dated Monday, November 18th. The stock was sold at an average price of C$70.00, for a total transaction of C$246,400.00. Also, Director Alexander (Alex) Oehler purchased 6,540 shares of TC Energy stock in a transaction dated Monday, December 30th. The stock was bought at an average price of C$66.05 per share, with a total value of C$431,947.64. Over the last 90 days, insiders sold 404,835 shares of company stock worth $27,159,988. 0.03% of the stock is currently owned by company insiders.

TC Energy Stock Performance

Shares of TSE:TRP opened at C$66.95 on Monday. The business has a fifty day moving average of C$67.07 and a 200-day moving average of 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 twelve month low of C$43.83 and a twelve month high of C$70.32. The firm has a market cap of C$69.63 billion, a PE ratio of 20.23, a price-to-earnings-growth ratio of 1.69 and a beta of 0.82.

TC Energy (TSE:TRP) (NYSE:TRP) last posted its quarterly earnings data on Thursday, November 7th. The company reported C$1.03 earnings per share for the quarter, beating 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 firm had revenue of C$4.08 billion during the quarter, compared to analysts’ expectations of C$3.90 billion. On average, equities research analysts predict 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.