Atb Cap Markets Raises Earnings Estimates for TC Energy

TC Energy Co. (TSE:TRP - Free Report) NYSE: TRP - Investment analysts at Atb Cap Markets upped their FY2024 earnings per share estimates for shares of TC Energy in a report released on Thursday, February 6th. Atb Cap Markets analyst N. Heywood now forecasts that the company will post earnings of $4.22 per share for the year, up from their previous estimate of $4.08. The consensus estimate for TC Energy's current full-year earnings is $3.55 per share.

A number of other research firms have also commented on TRP. National Bankshares increased their price target on TC Energy from C$70.00 to C$71.00 in a research report on Wednesday, November 20th. Morgan Joseph raised TC Energy from an "underweight" rating to an "overweight" rating and upped their price objective for the stock from C$62.00 to C$78.00 in a report on Friday, October 25th. TD Securities set a C$73.00 price objective on TC Energy and gave the stock a "buy" rating in a report on Wednesday, January 15th. BMO Capital Markets increased their price target on TC Energy from C$70.00 to C$73.00 in a research note on Friday, November 29th. Finally, Royal Bank of Canada increased their price target on TC Energy from C$67.00 to C$71.00 in a research note on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, TC Energy has an average rating of "Moderate Buy" and a consensus price target of C$73.00.

TC Energy Price Performance

Shares of TRP stock traded up C$0.32 during trading hours on Monday, hitting C$67.20. The company had a trading volume of 1,813,962 shares, compared to its average volume of 4,517,100. TC Energy has a 12 month low of C$43.83 and a 12 month high of C$70.32. The firm has a market capitalization of C$69.30 billion, a price-to-earnings ratio of 13.36, a PEG ratio of 1.69 and a beta of 0.82. The firm's fifty day moving average is C$67.00 and its 200 day moving average is C$64.63. The company has a debt-to-equity ratio of 237.62, a quick ratio of 0.40 and a current ratio of 1.31.

Insider Activity at TC Energy

In other news, Director David Brast sold 6,743 shares of TC Energy stock in a transaction on Wednesday, November 20th. The shares were 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 business's stock in a transaction dated Monday, December 30th. The shares were acquired at an average price of C$66.05 per share, for a total transaction of C$431,947.64. Insiders have sold 401,441 shares of company stock valued at $26,925,802 over the last three months. 0.03% of the stock is owned by insiders.

About TC Energy

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.