TC Energy (TSE:TRP) Shares Cross Below 200-Day Moving Average – Should You Sell?

TC Energy Co. (TSE:TRP) (NYSE:TRP) shares crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$64.81 and traded as low as C$64.47. TC Energy shares last traded at C$65.14, with a volume of 5,957,289 shares changing hands.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. TD Securities set a C$73.00 price target on TC Energy and gave the company a “buy” rating in a research note on Wednesday, January 15th. Scotiabank raised their target price on TC Energy from C$74.00 to C$75.00 in a research report on Wednesday, November 20th. CIBC raised their target price on TC Energy from C$68.00 to C$70.00 and gave the stock a “neutral” rating in a research report on Thursday, January 9th. Barclays increased their price target on TC Energy from C$67.00 to C$74.00 in a report on Wednesday, November 20th. Finally, Morgan Joseph upgraded TC Energy from an “underweight” rating to an “overweight” rating and increased their price target for the stock from C$62.00 to C$78.00 in a report on Friday, October 25th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$73.00.

TC Energy Stock Performance

The firm has a market cap of C$67.17 billion, a P/E ratio of 12.95, a PEG ratio of 1.69 and a beta of 0.82. The company has a current ratio of 1.31, a quick ratio of 0.40 and a debt-to-equity ratio of 237.62. The company’s 50-day moving average is C$66.90 and its two-hundred day moving average is C$64.81.

Insider Activity at TC Energy

In other TC Energy news, Senior Officer Francois Lionel Poirier sold 118,243 shares of TC Energy stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of C$68.38, for a total transaction of C$8,085,219.85. Also, Director David Brast sold 6,743 shares of TC Energy 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. In the last quarter, insiders have sold 397,921 shares of company stock valued at $26,679,402. 0.03% of the stock is 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.