Insider Buying: TC Energy Co. (TSE:TRP) Director Acquires 1,600 Shares of Stock

TC Energy Co. (TSE:TRP - Get Free Report) NYSE: TRP Director Gregory Romero purchased 1,600 shares of the firm's stock in a transaction on Wednesday, February 26th. The shares were acquired at an average cost of C$43.95 per share, for a total transaction of C$70,319.84.

TC Energy Trading Up 1.1 %

TRP traded up C$0.72 on Friday, hitting C$64.75. The company had a trading volume of 4,783,327 shares, compared to its average volume of 4,268,674. The company has a market cap of C$66.77 billion, a PE ratio of 12.88, a PEG ratio of 1.69 and a beta of 0.82. TC Energy Co. has a 12-month low of C$43.83 and a 12-month high of C$70.32. The company has a quick ratio of 0.40, a current ratio of 1.31 and a debt-to-equity ratio of 237.62. The business's fifty day simple moving average is C$66.55 and its 200 day simple moving average is C$65.20.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. US Capital Advisors upgraded TC Energy from a "hold" rating to a "moderate buy" rating in a research report on Monday, February 3rd. ATB Capital raised their price objective on TC Energy from C$64.00 to C$65.00 in a research report on Friday, November 8th. Royal Bank of Canada raised their price objective on TC Energy from C$71.00 to C$74.00 in a research report on Tuesday, February 18th. BMO Capital Markets raised their price objective on TC Energy from C$70.00 to C$73.00 in a research report on Friday, November 29th. Finally, Veritas upgraded TC Energy from a "strong sell" rating to a "strong-buy" rating in a research report on Tuesday, February 18th. Six equities research analysts have rated the stock with a hold rating, five have given a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of C$73.25.

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.