Barclays Increases TC Energy (TSE:TRP) Price Target to C$67.00

TC Energy (TSE:TRP) (NYSE:TRP) had its price objective lifted by stock analysts at Barclays from C$66.00 to C$67.00 in a report released on Monday, BayStreet.CA reports. Barclays‘s price objective would indicate a potential upside of 2.26% from the stock’s previous close.

A number of other equities analysts have also recently commented on the company. Jefferies Financial Group boosted their price target on TC Energy from C$57.00 to C$66.00 and gave the stock a “hold” rating in a report on Monday, September 30th. JPMorgan Chase & Co. decreased their target price on shares of TC Energy from C$66.00 to C$60.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 8th. Scotiabank lowered their target price on TC Energy from C$62.00 to C$61.00 and set an “outperform” rating for the company in a report on Wednesday, September 25th. National Bankshares lowered their price objective on TC Energy from C$65.00 to C$60.00 and set an “outperform” rating for the company in a research note on Thursday, October 3rd. Finally, ATB Capital decreased their price target on shares of 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. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of C$60.58.

TC Energy Stock Down 0.0 %

TC Energy stock opened at C$65.52 on Monday. The company’s 50 day simple moving average is C$62.53 and its 200 day simple moving average is C$56.40. The firm has a market capitalization of C$68.14 billion, a price-to-earnings ratio of 19.79, a PEG ratio of 1.69 and a beta of 0.82. TC Energy has a fifty-two week low of C$41.86 and a fifty-two week high of C$66.70. 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 released its earnings results 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. TC Energy had a return on equity of 10.68% and a net margin of 21.38%. The business had revenue of C$4.09 billion for the quarter, compared to analyst estimates of C$3.78 billion. As a group, sell-side analysts anticipate that TC Energy will post 3.5490515 EPS for the current year.

Insider Transactions at TC Energy

In other news, Senior Officer Christine R. Johnston sold 16,292 shares of TC Energy stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of C$59.71, for a total value of C$972,795.32. Following the transaction, the insider now owns 466 shares in the company, valued at approximately C$27,824.86. The trade was a 0.00 % decrease in their ownership of the stock. In other news, Senior Officer Christine R. Johnston sold 16,292 shares of the 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 sale, the insider now directly owns 466 shares in the company, valued at approximately C$27,824.86. This represents a 0.00 % decrease in their ownership of the stock. Also, Director Rosemary K. Stevens sold 1,200 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of C$59.88, for a total value of C$71,856.00. Following the transaction, the director now directly owns 987 shares of the company’s stock, valued at C$59,101.56. The trade was a 0.00 % decrease in their position. In the last three months, insiders sold 95,479 shares of company stock worth $5,860,018. 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.