TC Energy (TSE:TRP) Hits New 12-Month Low - Time to Sell?

TC Energy Co. (TSE:TRP - Get Free Report) NYSE: TRP hit a new 52-week low on Monday . The company traded as low as C$0.01 and last traded at C$65.50, with a volume of 810472 shares traded. The stock had previously closed at C$64.75.

Analyst Upgrades and Downgrades

Several brokerages have commented on TRP. Barclays increased their target price on TC Energy from C$67.00 to C$74.00 in a research note on Wednesday, November 20th. 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 upped their target price on shares of TC Energy from C$70.00 to C$73.00 in a research note on Friday, November 29th. US Capital Advisors raised shares of TC Energy from a "hold" rating to a "moderate buy" rating in a report on Monday, February 3rd. Finally, CIBC boosted their price objective on shares of TC Energy from C$68.00 to C$70.00 and gave the company a "neutral" rating in a report on Thursday, January 9th. Six equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of C$73.25.

TC Energy Stock Down 2.0 %

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 company has a fifty day simple moving average of C$66.50 and a 200-day simple moving average of C$65.29. The firm has a market cap of C$67.13 billion, a P/E ratio of 12.95, a price-to-earnings-growth ratio of 1.69 and a beta of 0.82.

Insiders Place Their Bets

In other news, Senior Officer Stanley G. Chapman Iii sold 267,435 shares of the company's stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of C$66.51, for a total value of C$17,785,898.39. Also, Senior Officer Dawn Elizabeth De Lima sold 50,685 shares of the stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of C$63.27, for a total value of C$3,206,915.98. In the last 90 days, insiders have bought 15,940 shares of company stock worth $1,007,506 and have sold 323,620 shares worth $21,335,744. 0.03% of the stock is owned by company 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.