Brokerages Set TC Energy Co. (TSE:TRP) Target Price at C$73.00

Shares of TC Energy Co. (TSE:TRP) (NYSE:TRP) have been assigned a consensus rating of “Moderate Buy” from the fourteen analysts that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, six have given a hold recommendation, five have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is C$73.00.

Several equities research analysts have commented on the company. Scotiabank upped their price objective on TC Energy from C$74.00 to C$75.00 in a research report on Wednesday, November 20th. Jefferies Financial Group increased their price target on shares of TC Energy from C$65.00 to C$71.00 in a report on Thursday, January 30th. Raymond James upgraded shares of TC Energy to a “hold” rating in a research report on Thursday, November 21st. Barclays upped their price objective on shares of TC Energy from C$67.00 to C$74.00 in a research report on Wednesday, November 20th. Finally, JPMorgan Chase & Co. raised their target price on TC Energy from C$70.00 to C$79.00 in a research report on Monday, November 18th.

Insiders Place Their Bets

In other TC Energy news, Director Jessica A. Kirstine sold 3,394 shares of the business’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of C$69.00, for a total transaction of C$234,186.00. Following the sale, the director now directly owns 725 shares in the company, valued at C$50,025. This represents a 82.40 % decrease in their ownership of the stock. Also, Director Alexander (Alex) Oehler acquired 6,540 shares of the stock in a transaction dated Monday, December 30th. The stock was acquired at an average cost of C$66.05 per share, with a total value of C$431,947.64. Insiders sold a total of 408,029 shares of company stock valued at $27,379,414 over the last 90 days. 0.03% of the stock is owned by company insiders.

TC Energy Stock Performance

Shares of TRP opened at C$66.95 on Monday. The company has a debt-to-equity ratio of 160.84, a quick ratio of 0.40 and a current ratio of 0.76. The stock has a 50-day moving average of C$67.09 and a two-hundred day moving average of C$64.23. The stock has a market cap of C$69.63 billion, a P/E ratio of 20.23, a P/E/G ratio of 1.69 and a beta of 0.82. TC Energy has a one year low of C$43.83 and a one year high of C$70.32.

TC Energy (TSE:TRP) (NYSE:TRP) last announced its quarterly earnings data on Thursday, November 7th. The company reported C$1.03 EPS for the quarter, beating the consensus estimate of C$0.97 by C$0.06. The business had revenue of C$4.08 billion during the quarter, compared to analysts’ expectations of C$3.90 billion. TC Energy had a net margin of 21.38% and a return on equity of 10.68%. As a group, research analysts predict that TC Energy will post 3.5490515 EPS for the current year.

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.