TC Energy (TRP) Expected to Announce Quarterly Earnings on Friday

TC Energy (NYSE:TRP - Get Free Report) TSE: TRP is expected to post its quarterly earnings results before the market opens on Friday, February 14th. Analysts expect TC Energy to post earnings of $0.51 per share and revenue of $2.53 billion for the quarter. Parties interested in registering for the company's conference call can do so using this link.

TC Energy (NYSE:TRP - Get Free Report) TSE: TRP last posted its quarterly earnings data on Thursday, November 7th. The pipeline company reported $0.76 EPS for the quarter, topping analysts' consensus estimates of $0.70 by $0.06. TC Energy had a return on equity of 12.92% and a net margin of 31.15%. The firm had revenue of $2.99 billion during the quarter, compared to analysts' expectations of $2.83 billion. On average, analysts expect TC Energy to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

TC Energy Price Performance

TRP stock traded up $0.27 during trading on Monday, hitting $47.19. The stock had a trading volume of 2,226,246 shares, compared to its average volume of 2,145,052. TC Energy has a 1-year low of $31.83 and a 1-year high of $50.37. The stock has a market cap of $49.04 billion, a price-to-earnings ratio of 13.07, a price-to-earnings-growth ratio of 4.45 and a beta of 0.81. The company's 50 day moving average price is $46.78 and its two-hundred day moving average price is $46.40. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.23 and a current ratio of 1.31.

Analyst Upgrades and Downgrades

TRP has been the subject of a number of analyst reports. Morgan Stanley raised shares of TC Energy from an "underweight" rating to an "overweight" rating in a research report on Friday, October 25th. BMO Capital Markets boosted their price target on TC Energy from $66.00 to $70.00 and gave the company a "market perform" rating in a report on Wednesday, November 20th. JPMorgan Chase & Co. upgraded TC Energy from a "neutral" rating to an "overweight" rating in a report on Monday, October 14th. TD Securities started coverage on TC Energy in a research note on Wednesday, January 15th. They issued a "buy" rating for the company. Finally, StockNews.com initiated coverage on TC Energy in a research report on Wednesday, December 4th. They set a "hold" rating on the stock. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, TC Energy presently has a consensus rating of "Hold" and an average target price of $56.00.

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.