TC Energy (TSE:TRP) Reaches New 12-Month High – What’s Next?

TC Energy Co. (TSE:TRP) (NYSE:TRP)’s stock price reached a new 52-week high on Tuesday . The company traded as high as C$98.73 and last traded at C$98.73, with a volume of 7322393 shares changing hands. The stock had previously closed at C$96.91.

Wall Street Analyst Weigh In

A number of research analysts recently commented on TRP shares. Barclays raised their price target on TC Energy from C$88.00 to C$92.00 in a research report on Monday, May 4th. TD increased their price objective on shares of TC Energy from C$90.00 to C$98.00 and gave the stock a “hold” rating in a research note on Tuesday, May 26th. The Goldman Sachs Group raised shares of TC Energy from a “sell” rating to a “hold” rating and set a C$62.00 target price on the stock in a report on Sunday, April 19th. Canadian Imperial Bank of Commerce boosted their target price on shares of TC Energy from C$89.00 to C$94.00 in a research report on Monday, May 4th. Finally, Citigroup upped their price target on shares of TC Energy from C$86.00 to C$95.00 and gave the stock a “neutral” rating in a report on Tuesday, March 31st. Six research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, TC Energy has an average rating of “Hold” and an average target price of C$89.86.

TC Energy Trading Up 1.9%

The company has a current ratio of 0.65, a quick ratio of 0.40 and a debt-to-equity ratio of 224.52. The firm has a market capitalization of C$102.85 billion, a P/E ratio of 30.95, a P/E/G ratio of 1.69 and a beta of 0.70. The firm has a 50-day moving average of C$91.49 and a two-hundred day moving average of C$84.91.

TC Energy (TSE:TRP) (NYSE:TRP) last released its quarterly earnings data on Friday, May 1st. The company reported C$0.99 earnings per share for the quarter. The business had revenue of C$3.86 billion for the quarter. TC Energy had a return on equity of 12.53% and a net margin of 21.83%. On average, analysts anticipate that TC Energy Co. will post 3.5490515 EPS for the current year.

Insider Buying and Selling at TC Energy

In related news, Director Trevor Ebl sold 5,000 shares of TC Energy stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of C$93.45, for a total transaction of C$467,250.00. Insiders own 0.03% of the company’s stock.

TC Energy Company Profile

TC Energy Corp operates as an energy infrastructure company, consisting of pipeline and power generation assets in Canada, the United States, and Mexico. Its pipeline network consists of over 92,600 kilometers (57,500 miles) of natural gas pipeline, along with 4,900 kilometers (3,000) miles) from the Keystone Pipeline system. The company also owns or has interests in 11 power-generation facilities with a capacity of 6,600 megawatts.