ATB Capital Forecasts Strong Price Appreciation for TC Energy (TSE:TRP) Stock

TC Energy (TSE:TRP) (NYSE:TRP) had its price target increased by equities researchers at ATB Capital from C$64.00 to C$65.00 in a report issued on Friday,BayStreet.CA reports. ATB Capital’s target price suggests a potential downside of 4.16% from the company’s current price.

TRP has been the subject of several other research reports. Royal Bank of Canada increased their price target on TC Energy from C$67.00 to C$71.00 in a research note on Friday. Jefferies Financial Group increased their target price on shares of TC Energy from C$57.00 to C$66.00 and gave the company a “hold” rating in a research report on Monday, September 30th. National Bankshares boosted their price target on shares of TC Energy from C$60.00 to C$70.00 in a research report on Friday. Morgan Joseph raised shares of TC Energy from an “underweight” rating to an “overweight” rating and upped their price objective for the company from C$62.00 to C$78.00 in a research note on Friday, October 25th. Finally, Barclays lifted their target price on shares of TC Energy from C$66.00 to C$67.00 in a research note on Monday, October 21st. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of C$66.15.

TC Energy Trading Down 1.5 %

Shares of TSE TRP opened at C$67.82 on Friday. The firm has a 50 day moving average price of C$63.74 and a two-hundred day moving average price of C$57.67. The stock has a market cap of C$70.53 billion, a P/E ratio of 20.49, a price-to-earnings-growth ratio of 1.69 and a beta of 0.82. TC Energy has a 52-week low of C$43.83 and a 52-week high of C$69.61. 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 (TSE:TRP) (NYSE:TRP) last issued its quarterly earnings data on Thursday, November 7th. The company reported C$1.03 earnings per share for the quarter, topping the consensus estimate of C$0.97 by C$0.06. The company had revenue of C$4.08 billion for the quarter, compared to analysts’ expectations of C$3.90 billion. TC Energy had a net margin of 21.38% and a return on equity of 10.68%. As a group, equities analysts forecast that TC Energy will post 3.5490515 EPS for the current year.

Insider Transactions at TC Energy

In related news, Senior Officer Nancy Angenita Johnson sold 5,414 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of C$61.16, for a total value of C$331,133.78. In other TC Energy news, Senior Officer Nancy Angenita Johnson sold 5,414 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of C$61.16, for a total transaction of C$331,133.78. Also, Director Rosemary K. Stevens sold 1,200 shares of TC Energy stock in a transaction dated Monday, August 12th. The shares were sold at an average price of C$59.88, for a total transaction of C$71,856.00. Following the transaction, the director now owns 987 shares of the company’s stock, valued at C$59,101.56. This represents a 0.00 % decrease in their ownership of the stock. Insiders have sold 76,114 shares of company stock valued at $4,704,641 in the last 90 days. 0.03% of the stock is currently owned by corporate insiders.

TC Energy Company Profile

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.