TC Energy (TSE:TRP) Shares Pass Below 200 Day Moving Average - Should You Sell?

Shares of TC Energy Co. (TSE:TRP - Get Free Report) NYSE: TRP crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$64.81 and traded as low as C$64.47. TC Energy shares last traded at C$65.14, with a volume of 5,957,289 shares traded.

Wall Street Analysts Forecast Growth

TRP has been the subject of several research reports. Veritas upgraded shares of TC Energy from a "strong sell" rating to a "strong-buy" rating in a report on Tuesday. Morgan Joseph upgraded shares of TC Energy from an "underweight" rating to an "overweight" rating and raised their price target for the stock from C$62.00 to C$78.00 in a report on Friday, October 25th. Jefferies Financial Group raised their price target on shares of TC Energy from C$65.00 to C$71.00 in a report on Thursday, January 30th. US Capital Advisors upgraded shares of TC Energy from a "hold" rating to a "moderate buy" rating in a report on Monday, February 3rd. Finally, Wells Fargo & Company raised their price target on shares of TC Energy from C$74.00 to C$76.00 in a report on Wednesday, November 20th. Six equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, TC Energy has an average rating of "Moderate Buy" and an average price target of C$73.25.

TC Energy Stock Performance

The company has a market cap of C$65.98 billion, a P/E ratio of 12.72, a price-to-earnings-growth ratio of 1.69 and a beta of 0.82. 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 stock's 50-day moving average price is C$66.77 and its 200 day moving average price is C$64.91.

Insider Activity

In related news, Senior Officer Michele L. Waters bought 1,525 shares of the company's stock in a transaction that occurred on Thursday, February 20th. The shares were acquired at an average price of C$64.68 per share, with a total value of C$98,630.90. Also, Director Francois Lionel Poirier bought 4,800 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The shares were bought at an average cost of C$65.05 per share, for a total transaction of C$312,239.52. Over the last 90 days, insiders have bought 12,865 shares of company stock valued at $842,818 and have sold 272,935 shares valued at $18,128,828. 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.