Atb Cap Markets Raises Earnings Estimates for TC Energy

TC Energy Co. (TSE:TRP) (NYSE:TRP) – Stock analysts at Atb Cap Markets raised their FY2024 earnings per share (EPS) estimates for shares of TC Energy in a note issued to investors on Thursday, February 6th. Atb Cap Markets analyst N. Heywood now forecasts that the company will post earnings per share of $4.22 for the year, up from their prior forecast of $4.08. The consensus estimate for TC Energy’s current full-year earnings is $3.55 per share.

TRP has been the subject of several other research reports. National Bankshares upped their target price on shares of TC Energy from C$70.00 to C$71.00 in a research report on Wednesday, November 20th. US Capital Advisors raised TC Energy from a “hold” rating to a “moderate buy” rating in a report on Monday, February 3rd. BMO Capital Markets lifted their price objective on shares of TC Energy from C$70.00 to C$73.00 in a research note on Friday, November 29th. Jefferies Financial Group boosted their price target on shares of TC Energy from C$65.00 to C$71.00 in a research report on Thursday, January 30th. Finally, Morgan Joseph raised shares of TC Energy from an “underweight” rating to an “overweight” rating and upped their price target for the stock from C$62.00 to C$78.00 in a research note on Friday, October 25th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, five have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, TC Energy presently has a consensus rating of “Moderate Buy” and an average target price of C$73.00.

TC Energy Stock Performance

Shares of TRP stock opened at C$67.54 on Monday. The company has a quick ratio of 0.40, a current ratio of 0.76 and a debt-to-equity ratio of 160.84. The business has a 50 day moving average of C$67.07 and a two-hundred day moving average of C$64.45. The company has a market cap of C$70.24 billion, a P/E ratio of 20.40, a PEG ratio of 1.69 and a beta of 0.82. TC Energy has a 52 week low of C$43.83 and a 52 week high of C$70.32.

Insider Activity

In other TC Energy news, Director David Brast sold 6,743 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of C$69.01, for a total transaction of C$465,353.98. Also, Director Alexander (Alex) Oehler purchased 6,540 shares of the stock in a transaction on Monday, December 30th. The shares were bought at an average price of C$66.05 per share, for a total transaction of C$431,947.64. Insiders sold a total of 404,835 shares of company stock worth $27,159,988 in the last three months. 0.03% of the stock is owned by 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.