TC Energy (TRP) Set to Announce Earnings on Thursday

TC Energy (TSE:TRP) (NYSE:TRP) is set to release its earnings data before the market opens on Thursday, November 7th. Analysts expect TC Energy to post earnings of C$0.96 per share for the quarter.

TC Energy Trading Up 0.9 %

TSE TRP opened at C$65.21 on Tuesday. TC Energy has a 12 month low of C$43.83 and a 12 month high of C$66.70. The company has a current ratio of 0.76, a quick ratio of 0.40 and a debt-to-equity ratio of 160.84. The firm has a market capitalization of C$67.82 billion, a PE ratio of 19.70, a price-to-earnings-growth ratio of 1.69 and a beta of 0.82. The business’s 50-day moving average price is C$63.25 and its two-hundred day moving average price is C$57.15.

Insider Buying and Selling

In related news, Senior Officer Dawn Elizabeth De Lima acquired 545 shares of the company’s stock in a transaction dated Tuesday, September 24th. The stock was purchased at an average price of C$63.06 per share, with a total value of C$34,367.70. In related news, Senior Officer Christine R. Johnston sold 16,292 shares of the stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of C$59.71, for a total transaction of C$972,795.32. Following the sale, the insider now directly owns 466 shares of the company’s stock, valued at approximately C$27,824.86. This represents a 0.00 % decrease in their position. Also, Senior Officer Dawn Elizabeth De Lima purchased 545 shares of the stock in a transaction dated Tuesday, September 24th. The shares were acquired at an average cost of C$63.06 per share, for a total transaction of C$34,367.70. Insiders sold 92,406 shares of company stock worth $5,677,437 in the last quarter. 0.03% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have commented on TRP. JPMorgan Chase & Co. cut their price target on shares of TC Energy from C$66.00 to C$60.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 8th. CIBC reduced their target price on shares of TC Energy from C$62.00 to C$57.00 and set a “negative” rating for the company in a research note on Wednesday, October 2nd. Veritas raised TC Energy to a “strong sell” rating in a research report on Tuesday, October 8th. National Bankshares dropped their price objective on TC Energy from C$65.00 to C$60.00 and set an “outperform” rating on the stock in a research note on Thursday, October 3rd. Finally, BMO Capital Markets lowered their price target on shares of TC Energy from C$65.00 to C$55.00 and set a “market perform” rating on the stock in a research report on Wednesday, October 2nd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, TC Energy currently has a consensus rating of “Hold” and a consensus price target of C$61.92.

TC Energy Company Profile

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.