TC Energy (TSE:TRP) Price Target Raised to C$92.00 at Barclays

TC Energy (TSE:TRP) (NYSE:TRP) had its target price upped by equities research analysts at Barclays from C$88.00 to C$92.00 in a research report issued on Monday,BayStreet.CA reports. Barclays‘s target price suggests a potential upside of 2.22% from the stock’s current price.

TRP has been the subject of several other reports. TD Securities cut shares of TC Energy from a “buy” rating to a “hold” rating and raised their price target for the stock from C$84.00 to C$88.00 in a research note on Tuesday, February 17th. Raymond James Financial raised their price target on shares of TC Energy from C$74.00 to C$78.00 in a research note on Monday, March 30th. ATB Cormark Capital Markets increased their price objective on TC Energy from C$82.00 to C$87.00 and gave the company a “sector perform” rating in a report on Monday. National Bank Financial increased their price objective on TC Energy from C$86.00 to C$92.00 and gave the company an “outperform” rating in a report on Monday. Finally, TD increased their price objective on TC Energy from C$88.00 to C$90.00 and gave the company a “hold” rating in a report on Monday. Six investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, TC Energy has a consensus rating of “Hold” and a consensus price target of C$87.46.

TC Energy Stock Down 0.7%

Shares of TRP traded down C$0.63 during mid-day trading on Monday, hitting C$90.00. 1,053,579 shares of the company’s stock were exchanged, compared to its average volume of 5,771,738. The company has a market cap of C$93.76 billion, a PE ratio of 27.52, a P/E/G ratio of 1.69 and a beta of 0.76. TC Energy has a 52 week low of C$63.34 and a 52 week high of C$91.50. The company has a 50-day simple moving average of C$86.66 and a 200 day simple moving average of C$79.81. The company has a debt-to-equity ratio of 224.52, a current ratio of 0.65 and a quick ratio of 0.40.

TC Energy (TSE:TRP) (NYSE:TRP) last issued its quarterly earnings results on Friday, May 1st. The company reported C$0.99 earnings per share for the quarter. The company had revenue of C$3.86 billion during the quarter. TC Energy had a net margin of 21.83% and a return on equity of 12.53%. On average, research analysts forecast that TC Energy will post 3.5490515 earnings per share for the current fiscal year.

Insider Transactions at TC Energy

In other TC Energy news, insider Dawn Elizabeth De Lima sold 25,342 shares of the firm’s stock in a transaction on Tuesday, March 24th. The stock was sold at an average price of C$88.73, for a total transaction of C$2,248,595.66. Following the completion of the sale, the insider owned 18,490 shares of the company’s stock, valued at C$1,640,617.70. This trade represents a 57.82% decrease in their position. 0.03% of the stock is owned by corporate insiders.

About TC Energy

TC Energy Corp operates as an energy infrastructure company, consisting of pipeline and power generation assets in Canada, the United States, and Mexico. Its pipeline network consists of over 92,600 kilometers (57,500 miles) of natural gas pipeline, along with 4,900 kilometers (3,000) miles) from the Keystone Pipeline system. The company also owns or has interests in 11 power-generation facilities with a capacity of 6,600 megawatts.