TC Energy Co. (TSE:TRP) Receives Average Recommendation of "Moderate Buy" from Brokerages

TC Energy Co. (TSE:TRP - Get Free Report) NYSE: TRP has been given a consensus rating of "Moderate Buy" by the fourteen ratings firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is C$73.00.

A number of equities research analysts recently weighed in on TRP shares. TD Securities set a C$73.00 price target on shares of TC Energy and gave the company a "buy" rating in a report on Wednesday, January 15th. Raymond James upgraded TC Energy to a "hold" rating in a research note on Thursday, November 21st. US Capital Advisors upgraded TC Energy from a "hold" rating to a "moderate buy" rating in a research note on Monday, February 3rd. National Bankshares raised their price objective on TC Energy from C$70.00 to C$71.00 in a research note on Wednesday, November 20th. Finally, Royal Bank of Canada upped their target price on TC Energy from C$67.00 to C$71.00 in a research report on Friday, November 8th.

Insider Transactions at TC Energy

In related news, Director Alexander (Alex) Oehler bought 6,540 shares of the company's stock in a transaction on Monday, December 30th. The shares were purchased at an average cost of C$66.05 per share, with a total value of C$431,947.64. Also, Senior Officer Stanley G. Chapman Iii sold 267,435 shares of the business's stock in a transaction on Thursday, December 12th. The shares were sold at an average price of C$66.51, for a total transaction of C$17,785,898.39. In the last three months, insiders have sold 408,029 shares of company stock worth $27,379,414. 0.03% of the stock is currently owned by insiders.

TC Energy Stock Down 0.5 %

Shares of TSE:TRP traded down C$0.33 during midday trading on Monday, hitting C$66.95. 3,336,841 shares of the company's stock traded hands, compared to its average volume of 4,788,917. The company has a market cap of C$69.63 billion, a PE ratio of 20.23, a P/E/G ratio of 1.69 and a beta of 0.82. The company has a debt-to-equity ratio of 160.84, a quick ratio of 0.40 and a current ratio of 0.76. TC Energy has a twelve month low of C$43.83 and a twelve month high of C$70.32. The firm's fifty day moving average price is C$67.07 and its two-hundred day moving average price is C$64.39.

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

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.