TC Energy Co. (TSE:TRP – Get Free Report) (NYSE:TRP) has received an average rating of “Moderate Buy” from the fourteen brokerages that are currently covering the stock, Marketbeat.com 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 issued a strong buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is C$73.00.

Several brokerages recently weighed in on TRP. Royal Bank of Canada boosted their target price on TC Energy from C$67.00 to C$71.00 in a research note on Friday, November 8th. Morgan Joseph upgraded TC Energy from an “underweight” rating to an “overweight” rating and boosted their price target for the stock from C$62.00 to C$78.00 in a research note on Friday, October 25th. JPMorgan Chase & Co. increased their price objective on shares of TC Energy from C$70.00 to C$79.00 in a research report on Monday, November 18th. Wells Fargo & Company boosted their target price on shares of TC Energy from C$74.00 to C$76.00 in a research report on Wednesday, November 20th. Finally, TD Securities set a C$73.00 price target on shares of TC Energy and gave the stock a “buy” rating in a report on Wednesday, January 15th.

View Our Latest Research Report on TC Energy

Insider Buying and Selling at TC Energy

In other TC Energy news, Senior Officer Stanley G. Chapman Iii sold 267,435 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of C$66.51, for a total transaction of C$17,785,898.39. Also, Senior Officer Nancy Angenita Johnson sold 3,328 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of C$67.75, for a total value of C$225,472.00. In the last quarter, insiders sold 420,911 shares of company stock worth $28,259,105. Insiders own 0.03% of the company’s stock.

TC Energy Stock Up 0.8 %

TSE:TRP opened at C$67.40 on Monday. 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 market capitalization of C$70.10 billion, a P/E ratio of 20.36, a P/E/G ratio of 1.69 and a beta of 0.82. The company’s 50-day simple moving average is C$67.13 and its 200-day simple moving average is C$64.18. TC Energy has a fifty-two week low of C$43.83 and a fifty-two week high of C$70.32.

TC Energy (TSE:TRP – Get Free Report) (NYSE:TRP) last released its quarterly earnings results on Thursday, November 7th. The company reported C$1.03 earnings per share (EPS) for the quarter, topping 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 business had revenue of C$4.08 billion for the quarter, compared to analyst estimates of C$3.90 billion. On average, equities analysts anticipate that TC Energy will post 3.5490515 earnings per share for the current fiscal year.

TC Energy Company Profile

(Get Free Report

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.

Featured Articles

Receive News & Ratings for TC Energy Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for TC Energy and related companies with MarketBeat.com’s FREE daily email newsletter.