TC Energy (TRP) Scheduled to Post Earnings on Thursday

TC Energy (TSE:TRP) (NYSE:TRP) will be releasing its earnings data before the market opens on Thursday, November 7th. Analysts expect TC Energy to post earnings of C$0.96 per share for the quarter.

TC Energy Stock Up 0.9 %

Shares of TRP stock opened at C$65.21 on Tuesday. The company has a debt-to-equity ratio of 160.84, a quick ratio of 0.40 and a current ratio of 0.76. The stock’s 50-day simple moving average is C$63.25 and its 200-day simple moving average is C$57.15. TC Energy has a fifty-two week low of C$43.83 and a fifty-two week high of C$66.70. The firm has a market capitalization of C$67.82 billion, a PE ratio of 19.70, a P/E/G ratio of 1.69 and a beta of 0.82.

Insider Activity

In related news, Director Rosemary K. Stevens sold 1,200 shares of the business’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of C$59.88, for a total transaction of C$71,856.00. Following the completion of the transaction, the director now owns 987 shares in the company, valued at approximately C$59,101.56. 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 that occurred on 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 completion of the sale, the insider now directly owns 466 shares of the company’s stock, 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 firm’s stock in a transaction dated Monday, August 12th. The stock was 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 in the company, valued at approximately C$59,101.56. This represents a 0.00 % decrease in their position. In the last quarter, insiders sold 92,406 shares of company stock worth $5,677,437. 0.03% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on TRP shares. Jefferies Financial Group boosted their price target on TC Energy from C$57.00 to C$66.00 and gave the company a “hold” rating in a report on Monday, September 30th. Morgan Joseph raised TC Energy from an “underweight” rating to an “overweight” rating and increased their price objective for the company from C$62.00 to C$78.00 in a research note on Friday, October 25th. Barclays raised their target price on shares of TC Energy from C$66.00 to C$67.00 in a research note on Monday, October 21st. Royal Bank of Canada raised their price objective on shares of TC Energy from C$66.00 to C$67.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. Finally, National Bankshares reduced their target price on TC Energy from C$65.00 to C$60.00 and set an “outperform” rating on the stock in a research report on Thursday, October 3rd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of C$61.92.

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.