Brokerages Set TC Energy Co. (TSE:TRP) PT at C$73.00

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

TRP has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their target price on TC Energy from C$70.00 to C$79.00 in a research note on Monday, November 18th. Royal Bank of Canada boosted their price objective on TC Energy from C$67.00 to C$71.00 in a research report on Friday, November 8th. Wells Fargo & Company raised their target price on shares of TC Energy from C$74.00 to C$76.00 in a report on Wednesday, November 20th. Jefferies Financial Group upped their price target on shares of TC Energy from C$65.00 to C$71.00 in a report on Thursday, January 30th. Finally, US Capital Advisors raised shares of TC Energy from a "hold" rating to a "moderate buy" rating in a report on Monday.

TC Energy Price Performance

TRP stock traded down C$0.12 during midday trading on Monday, reaching C$67.28. The company had a trading volume of 3,293,914 shares, compared to its average volume of 4,844,767. The firm has a 50-day moving average price of C$67.10 and a 200-day moving average price of C$64.21. The company has a debt-to-equity ratio of 160.84, a current ratio of 0.76 and a quick ratio of 0.40. The company has a market capitalization of C$69.97 billion, a P/E ratio of 20.33, a P/E/G ratio of 1.69 and a beta of 0.82. TC Energy has a 1 year low of C$43.83 and a 1 year high of C$70.32.

TC Energy (TSE:TRP - Get Free Report) NYSE: TRP last posted its quarterly earnings data 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. 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, research analysts anticipate that TC Energy will post 3.5490515 earnings per share for the current fiscal year.

Insider Buying and Selling at TC Energy

In other TC Energy news, Senior Officer Nancy Angenita Johnson sold 3,328 shares of the company's stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of C$67.75, for a total transaction of C$225,472.00. Also, Director Lindsay Mackay sold 3,520 shares of TC Energy stock in a transaction on Monday, November 18th. The stock was sold at an average price of C$70.00, for a total transaction of C$246,400.00. In the last 90 days, insiders have sold 420,911 shares of company stock worth $28,259,105. Company insiders own 0.03% of the company's stock.

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.