TC Energy (TSE:TRP) PT Set at C$73.00 by TD Securities

TC Energy (TSE:TRP) (NYSE:TRP) has been given a C$73.00 price objective by stock analysts at TD Securities in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ price target indicates a potential upside of 9.87% from the stock’s previous close.

Other research analysts also recently issued research reports about the stock. Jefferies Financial Group boosted their target price on shares of TC Energy from C$64.00 to C$65.00 in a research note on Wednesday, November 20th. ATB Capital boosted their price objective on shares of TC Energy from C$64.00 to C$65.00 in a research report on Friday, November 8th. JPMorgan Chase & Co. upped their price objective on shares of TC Energy from C$70.00 to C$79.00 in a research note on Monday, November 18th. Raymond James raised shares of TC Energy to a “hold” rating in a research note on Thursday, November 21st. Finally, National Bankshares increased their price target on TC Energy from C$70.00 to C$71.00 in a research note on Wednesday, November 20th. One analyst has rated the stock with a sell rating, six have issued a hold rating, six have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$71.62.

TC Energy Trading Down 1.1 %

Shares of TRP opened at C$66.44 on Wednesday. The company has a debt-to-equity ratio of 160.84, a current ratio of 0.76 and a quick ratio of 0.40. TC Energy has a 1-year low of C$43.83 and a 1-year high of C$70.32. The stock has a market cap of C$69.10 billion, a price-to-earnings ratio of 20.07, a price-to-earnings-growth ratio of 1.69 and a beta of 0.82. The firm has a 50 day simple moving average of C$67.65 and a 200-day simple moving average of C$62.69.

TC Energy (TSE:TRP) (NYSE:TRP) last released its quarterly earnings results 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. TC Energy had a return on equity of 10.68% and a net margin of 21.38%. The company had revenue of C$4.08 billion during the quarter, compared to the consensus estimate of C$3.90 billion. Equities analysts forecast that TC Energy will post 3.5490515 EPS for the current fiscal year.

Insider Activity

In other news, Senior Officer Nancy Angenita Johnson sold 3,328 shares of the firm’s stock in a transaction 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. Also, Director Colin Lindley sold 3,194 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of C$68.70, for a total transaction of C$219,425.56. Following the sale, the director now directly owns 697 shares of the company’s stock, valued at approximately C$47,883.41. This trade represents a 82.09 % decrease in their ownership of the stock. Insiders have sold 420,911 shares of company stock valued at $28,259,105 in the last three months. Corporate 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.