TC Energy (TSE:TRP - Get Free Report) NYSE: TRP had its target price boosted by research analysts at BMO Capital Markets from C$55.00 to C$57.00 in a note issued to investors on Friday, BayStreet.CA reports. BMO Capital Markets' price objective suggests a potential downside of 3.86% from the company's current price.
TRP has been the topic of several other reports. ATB Capital upped their price objective on shares of TC Energy from C$54.00 to C$56.00 in a report on Wednesday, July 24th. Barclays upgraded shares of TC Energy from an "equal weight" rating to an "overweight" rating and upped their price target for the company from C$55.00 to C$61.00 in a research note on Wednesday, July 17th. Scotiabank cut their price objective on shares of TC Energy from C$68.00 to C$62.00 and set an "outperform" rating for the company in a research report on Friday. Wells Fargo & Company upped their target price on TC Energy from C$59.00 to C$64.00 in a research report on Tuesday, June 4th. Finally, JPMorgan Chase & Co. boosted their price target on TC Energy from C$58.00 to C$59.00 and gave the company a "neutral" rating in a research note on Tuesday, April 16th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of C$56.73.
Check Out Our Latest Stock Analysis on TRP
TC Energy Stock Down 0.7 %
TRP traded down C$0.42 on Friday, hitting C$59.29. 3,487,917 shares of the company were exchanged, compared to its average volume of 6,647,436. The company has a debt-to-equity ratio of 163.01, a quick ratio of 0.40 and a current ratio of 0.94. The stock's fifty day moving average is C$53.84 and its 200-day moving average is C$52.91. The company has a market cap of C$61.66 billion, a PE ratio of 22.79, a PEG ratio of 0.26 and a beta of 0.74. TC Energy has a 12 month low of C$44.70 and a 12 month high of C$59.98.
TC Energy (TSE:TRP - Get Free Report) NYSE: TRP last issued its earnings results on Friday, May 3rd. The company reported C$1.24 earnings per share for the quarter, topping analysts' consensus estimates of C$1.14 by C$0.10. The business had revenue of C$4.24 billion for the quarter, compared to the consensus estimate of C$4.26 billion. TC Energy had a net margin of 17.31% and a return on equity of 8.37%. Equities research analysts predict that TC Energy will post 4.1883013 EPS for the current fiscal year.
Insiders Place Their Bets
In related news, Senior Officer Christine R. Johnston sold 1,330 shares of the company's stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of C$53.15, for a total transaction of C$70,689.50. Following the transaction, the insider now directly owns 466 shares of the company's stock, valued at approximately C$24,767.90. In other TC Energy news, Director Kevin B. Engel sold 546 shares of TC Energy stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of C$53.53, for a total transaction of C$29,227.38. Also, Senior Officer Christine R. Johnston sold 1,330 shares of the company's stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of C$53.15, for a total transaction of C$70,689.50. Following the completion of the sale, the insider now directly owns 466 shares of the company's stock, valued at C$24,767.90. Over the last three months, insiders sold 6,876 shares of company stock worth $299,917. 0.04% of the stock is owned by corporate insiders.
About TC Energy
(Get Free Report)
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.
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