TC Energy (TRP) Set to Announce Quarterly Earnings on Thursday

TC Energy (NYSE:TRP) (TSE:TRP) is set to issue its quarterly earnings data before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of $0.69 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

TC Energy Price Performance

Shares of NYSE TRP opened at $46.92 on Tuesday. The stock has a market cap of $48.70 billion, a price-to-earnings ratio of 19.23, a PEG ratio of 3.85 and a beta of 0.81. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.68 and a current ratio of 0.76. TC Energy has a fifty-two week low of $31.83 and a fifty-two week high of $48.25. The firm’s 50-day simple moving average is $46.42 and its 200 day simple moving average is $42.01.

Analysts Set New Price Targets

Several brokerages recently issued reports on TRP. The Goldman Sachs Group upped their price target on TC Energy from $38.00 to $42.00 and gave the stock a “sell” rating in a report on Monday, October 21st. StockNews.com began coverage on shares of TC Energy in a research note on Saturday, October 5th. They issued a “hold” rating for the company. JPMorgan Chase & Co. raised shares of TC Energy from a “neutral” rating to an “overweight” rating in a research report on Monday, October 14th. Veritas raised shares of TC Energy to a “strong sell” rating in a research report on Tuesday, October 8th. Finally, Morgan Stanley upgraded TC Energy from an “underweight” rating to an “overweight” rating in a research note on Friday, October 25th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, TC Energy currently has an average rating of “Hold” and an average target price of $48.50.

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.