TC Energy Co. (TSE:TRP) Receives C$73.00 Average Price Target from Analysts

TC Energy Co. (TSE:TRP) (NYSE:TRP) has earned an average recommendation of “Moderate Buy” from the fourteen ratings firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, six have given a hold rating, five have given a buy rating and two have issued a strong buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is C$73.00.

Several analysts recently weighed in on TRP shares. National Bankshares upped their price target on TC Energy from C$70.00 to C$71.00 in a research note on Wednesday, November 20th. JPMorgan Chase & Co. increased their target price on TC Energy from C$70.00 to C$79.00 in a research note on Monday, November 18th. Morgan Joseph upgraded 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 report on Friday, October 25th. Wells Fargo & Company upped their price target on shares of TC Energy from C$74.00 to C$76.00 in a research note on Wednesday, November 20th. Finally, Scotiabank raised their price objective on shares of TC Energy from C$74.00 to C$75.00 in a research note on Wednesday, November 20th.

TC Energy Trading Up 0.8 %

TSE:TRP opened at C$67.40 on Monday. The company has a 50-day moving average price of C$67.13 and a 200-day moving average price of C$64.18. The stock has a market cap of C$70.10 billion, a price-to-earnings ratio of 20.36, a P/E/G ratio of 1.69 and a beta of 0.82. The company has a current ratio of 0.76, a quick ratio of 0.40 and a debt-to-equity ratio of 160.84. TC Energy has a 12 month low of C$43.83 and a 12 month high of C$70.32.

TC Energy (TSE:TRP) (NYSE:TRP) last released its earnings results on Thursday, November 7th. The company reported C$1.03 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of C$3.90 billion. Equities analysts predict that TC Energy will post 3.5490515 EPS for the current year.

Insiders Place Their Bets

In other TC Energy news, Senior Officer Stanley G. Chapman Iii sold 267,435 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of C$66.51, for a total transaction of C$17,785,898.39. Also, Director Alexander (Alex) Oehler acquired 6,540 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The shares were acquired at an average price of C$66.05 per share, with a total value of C$431,947.64. Insiders have sold a total of 420,911 shares of company stock valued at $28,259,105 in the last quarter. 0.03% of the stock is currently owned by insiders.

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.