TC Energy (TSE:TRP) Stock Price Expected to Rise, National Bankshares Analyst Says

TC Energy (TSE:TRP) (NYSE:TRP) had its target price raised by equities research analysts at National Bankshares from C$70.00 to C$71.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. National Bankshares’ target price suggests a potential upside of 1.23% from the stock’s current price.

A number of other equities analysts also recently weighed in on TRP. Jefferies Financial Group raised their target price on shares of TC Energy from C$57.00 to C$66.00 and gave the company a “hold” rating in a research note on Monday, September 30th. Royal Bank of Canada increased their price target on shares of TC Energy from C$67.00 to C$71.00 in a report on Friday, November 8th. Wells Fargo & Company increased their price target on shares of TC Energy from C$74.00 to C$76.00 in a report on Wednesday. Morgan Joseph upgraded shares of TC Energy from an “underweight” rating to an “overweight” rating and increased their price target for the company from C$62.00 to C$78.00 in a report on Friday, October 25th. Finally, BMO Capital Markets increased their price target on shares of TC Energy from C$55.00 to C$66.00 in a report on Friday, November 8th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of C$69.54.

TC Energy Price Performance

TRP stock opened at C$70.14 on Wednesday. TC Energy has a 1 year low of C$43.83 and a 1 year high of C$70.24. The company has a market cap of C$72.95 billion, a P/E ratio of 21.19, a PEG ratio of 1.69 and a beta of 0.82. The firm has a 50-day moving average of C$64.86 and a 200 day moving average of C$58.90. The company has a debt-to-equity ratio of 160.84, a current ratio of 0.76 and a quick ratio of 0.40.

TC Energy (TSE:TRP) (NYSE:TRP) last released its quarterly earnings results on Thursday, November 7th. The company reported C$1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.97 by C$0.06. TC Energy had a net margin of 21.38% and a return on equity of 10.68%. The company had revenue of C$4.08 billion during the quarter, compared to the consensus estimate of C$3.90 billion. On average, sell-side analysts forecast that TC Energy will post 3.5490515 EPS for the current year.

Insider Activity

In related news, Director Trevor Ebl sold 9,554 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of C$68.48, for a total transaction of C$654,219.70. Also, Director Mark Yeomans sold 6,500 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of C$61.58, for a total transaction of C$400,297.95. In the last quarter, insiders sold 214,476 shares of company stock worth $14,299,929. 0.03% of the stock is currently 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.