TC Energy (TSE:TRP) PT Raised to C$66.00

TC Energy (TSE:TRP) (NYSE:TRP) had its target price upped by equities researchers at Barclays from C$64.00 to C$66.00 in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. Barclays‘s price objective points to a potential upside of 1.40% from the company’s previous close.

Several other equities analysts also recently weighed in on the stock. Veritas upgraded shares of TC Energy to a “strong sell” rating in a report on Tuesday, October 8th. Royal Bank of Canada raised their price objective on shares of TC Energy from C$66.00 to C$67.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. ATB Capital cut their price objective on TC Energy from C$60.00 to C$58.00 and set a “sector perform” rating for the company in a research report on Thursday, October 3rd. National Bankshares lowered their target price on TC Energy from C$65.00 to C$60.00 and set an “outperform” rating on the stock in a report on Thursday, October 3rd. Finally, Scotiabank dropped their price target on TC Energy from C$62.00 to C$61.00 and set an “outperform” rating for the company in a research report on Wednesday, September 25th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, TC Energy currently has an average rating of “Hold” and an average target price of C$60.50.

TC Energy Stock Performance

TRP opened at C$65.09 on Tuesday. TC Energy has a 1-year low of C$41.86 and a 1-year high of C$65.63. The stock has a market cap of C$67.69 billion, a P/E ratio of 19.66, a P/E/G ratio of 1.69 and a beta of 0.82. The stock’s 50 day simple moving average is C$62.03 and its 200 day simple moving average is C$56.09. 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 (TSE:TRP) (NYSE:TRP) last posted its earnings results on Thursday, August 1st. The company reported C$0.94 earnings per share for the quarter, beating the consensus estimate of C$0.89 by C$0.05. TC Energy had a return on equity of 10.68% and a net margin of 21.38%. The company had revenue of C$4.09 billion for the quarter, compared to analyst estimates of C$3.78 billion. As a group, equities analysts anticipate that TC Energy will post 3.5490515 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Senior Officer Christine R. Johnston sold 16,292 shares of the company’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of C$59.71, for a total transaction of C$972,795.32. Following the completion of the transaction, the insider now owns 466 shares of the company’s stock, valued at C$27,824.86. This represents a 0.00 % decrease in their position. In other news, Senior Officer Dawn Elizabeth De Lima bought 545 shares of the business’s stock in a transaction that occurred on Tuesday, September 24th. The shares were acquired at an average cost of C$63.06 per share, with a total value of C$34,367.70. Also, Senior Officer Christine R. Johnston sold 16,292 shares of TC Energy stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of C$59.71, for a total value of C$972,795.32. Following the completion of the transaction, the insider now owns 466 shares in the company, valued at C$27,824.86. The trade was a 0.00 % decrease in their position. In the last ninety days, insiders have sold 95,479 shares of company stock valued at $5,860,018. Insiders own 0.03% of the company’s stock.

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.