Q3 EPS Estimates for TC Energy Lifted by US Capital Advisors

TC Energy Co. (TSE:TRP) (NYSE:TRP) – Investment analysts at US Capital Advisors boosted their Q3 2024 earnings per share estimates for shares of TC Energy in a note issued to investors on Monday, October 28th. US Capital Advisors analyst J. Carreker now forecasts that the company will earn $1.07 per share for the quarter, up from their previous forecast of $0.99. The consensus estimate for TC Energy’s current full-year earnings is $3.55 per share. US Capital Advisors also issued estimates for TC Energy’s Q1 2025 earnings at $0.90 EPS, Q2 2025 earnings at $0.74 EPS, Q3 2025 earnings at $0.84 EPS, Q4 2025 earnings at $0.86 EPS, FY2025 earnings at $3.34 EPS and FY2026 earnings at $3.25 EPS.

A number of other equities analysts have also commented on TRP. UBS Group raised shares of TC Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 30th. Veritas upgraded TC Energy to a “strong sell” rating in a report on Tuesday, October 8th. Jefferies Financial Group upped their target price on TC Energy from C$57.00 to C$66.00 and gave the stock a “hold” rating in a report on Monday, September 30th. Barclays increased their price target on TC Energy from C$66.00 to C$67.00 in a research report on Monday, October 21st. Finally, BMO Capital Markets decreased their price objective on TC Energy from C$65.00 to C$55.00 and set a “market perform” rating for the company in a report on Wednesday, October 2nd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, TC Energy currently has a consensus rating of “Hold” and an average target price of C$61.92.

TC Energy Trading Up 0.2 %

Shares of TRP opened at C$64.59 on Wednesday. The firm has a market capitalization of C$67.17 billion, a price-to-earnings ratio of 19.51, a PEG ratio of 1.69 and a beta of 0.82. The company has a debt-to-equity ratio of 160.84, a current ratio of 0.76 and a quick ratio of 0.40. TC Energy has a 1-year low of C$43.05 and a 1-year high of C$66.70. The company has a 50-day moving average of C$62.98 and a 200 day moving average of C$56.84.

TC Energy (TSE:TRP) (NYSE:TRP) last posted its quarterly earnings results on Thursday, August 1st. The company reported C$0.94 EPS for the quarter, topping analysts’ consensus estimates of C$0.89 by C$0.05. The firm had revenue of C$4.09 billion for the quarter, compared to analysts’ expectations of C$3.78 billion. TC Energy had a net margin of 21.38% and a return on equity of 10.68%.

Insiders Place Their Bets

In related news, Director Richard Prior sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of C$44.00, for a total transaction of C$132,000.00. In other TC Energy news, Director Richard Prior sold 3,000 shares of TC Energy stock in a transaction on Friday, August 16th. The shares were sold at an average price of C$44.00, for a total value of C$132,000.00. Also, Director Jawad Masud sold 6,041 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of C$63.50, for a total value of C$383,603.50. Over the last ninety days, insiders sold 95,479 shares of company stock worth $5,860,018. 0.03% of the stock is owned by corporate 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.