National Bankshares Boosts TC Energy (TSE:TRP) Price Target to C$71.00

TC Energy (TSE:TRP) (NYSE:TRP) had its price objective lifted by National Bankshares from C$70.00 to C$71.00 in a report released on Wednesday,BayStreet.CA reports. National Bankshares’ price objective would indicate a potential upside of 1.23% from the company’s current price.

TRP has been the topic of a number of other research reports. Royal Bank of Canada increased their price objective on shares of TC Energy from C$67.00 to C$71.00 in a research report on Friday, November 8th. UBS Group raised shares of TC Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 30th. Jefferies Financial Group increased their price objective 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, September 30th. Morgan Joseph raised shares of TC Energy from an “underweight” rating to an “overweight” rating and raised their price target for the company from C$62.00 to C$78.00 in a research report on Friday, October 25th. Finally, Scotiabank raised their price target on shares of TC Energy from C$74.00 to C$75.00 in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of C$69.54.

TC Energy Stock Performance

Shares of TC Energy stock opened at C$70.14 on Wednesday. The company has a current ratio of 0.76, a quick ratio of 0.40 and a debt-to-equity ratio of 160.84. The business has a 50-day moving average price of C$64.86 and a two-hundred day moving average price of C$58.90. TC Energy has a 1-year low of C$43.83 and a 1-year high of C$70.24. The company has a market cap of C$72.95 billion, a P/E ratio of 21.19, a PEG ratio of 1.69 and a beta of 0.82.

TC Energy (TSE:TRP) (NYSE:TRP) last issued its quarterly earnings results on Thursday, November 7th. The company reported C$1.03 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.97 by C$0.06. The firm had revenue of C$4.08 billion during the quarter, compared to the consensus estimate of C$3.90 billion. TC Energy had a return on equity of 10.68% and a net margin of 21.38%. As a group, analysts anticipate that TC Energy will post 3.5490515 EPS for the current year.

Insider Transactions at TC Energy

In related news, Director Colin Lindley sold 3,194 shares of TC Energy stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of C$68.70, for a total value of C$219,425.56. Following the completion of the transaction, the director now directly owns 697 shares in the company, valued at approximately C$47,883.41. The trade was a 82.09 % decrease in their position. Also, Director David Brast sold 6,743 shares of TC Energy stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of C$69.01, for a total transaction of C$465,353.98. Insiders sold a total of 214,476 shares of company stock worth $14,299,929 in the last quarter. Insiders own 0.03% of the company’s stock.

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.