TC Energy (TSE:TRP) Lifted to “Strong-Buy” at UBS Group

TC Energy (TSE:TRP) (NYSE:TRP) was upgraded by research analysts at UBS Group from a “hold” rating to a “strong-buy” rating in a report released on Monday, Zacks.com reports.

Other equities analysts have also recently issued research reports about the stock. Scotiabank lowered their price objective on shares of TC Energy from C$62.00 to C$61.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 25th. BMO Capital Markets lifted their price objective on shares of TC Energy from C$57.00 to C$65.00 in a research note on Thursday, September 5th. Barclays lifted their target price on shares of TC Energy from C$61.00 to C$64.00 in a research report on Monday, August 19th. ATB Capital lifted their target price on shares of TC Energy from C$56.00 to C$60.00 and gave the stock a “sector perform” rating in a research report on Tuesday, September 10th. Finally, Jefferies Financial Group lifted their target price on shares of TC Energy from C$57.00 to C$66.00 and gave the stock a “hold” rating in a research report on Monday. Five research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$59.31.

TC Energy Stock Up 1.5 %

TRP stock opened at C$65.26 on Monday. The firm’s 50-day moving average is C$61.31 and its two-hundred day moving average is C$55.58. The company has a market capitalization of C$67.87 billion, a price-to-earnings ratio of 19.72, a price-to-earnings-growth ratio of 0.26 and a beta of 0.82. The company has a current ratio of 0.76, a quick ratio of 0.40 and a debt-to-equity ratio of 160.84. TC Energy has a 52 week low of C$44.70 and a 52 week high of C$65.40.

TC Energy (TSE:TRP) (NYSE:TRP) last announced its quarterly earnings data 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 company had revenue of C$4.09 billion for the quarter, compared to analysts’ expectations of C$3.78 billion. TC Energy had a net margin of 21.38% and a return on equity of 10.68%. On average, analysts forecast that TC Energy will post 4.4244068 earnings per share for the current fiscal year.

Insider Buying and Selling at TC Energy

In other TC Energy news, Senior Officer Dawn Elizabeth De Lima bought 545 shares of TC Energy stock in a transaction on Tuesday, September 24th. The stock was purchased at an average cost of C$63.06 per share, for a total transaction of C$34,367.70. In other news, Senior Officer Dawn Elizabeth De Lima acquired 545 shares of TC Energy stock in a transaction dated Tuesday, September 24th. The stock was acquired at an average cost of C$63.06 per share, for a total transaction of C$34,367.70. Also, Director Richard Prior sold 18,068 shares of the business’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of C$63.00, for a total transaction of C$1,138,284.00. Insiders sold 95,479 shares of company stock worth $5,860,018 over the last ninety days. 0.04% of the stock is currently owned by insiders.

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.