TC Energy (TSE:TRP) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

TC Energy Co. (TSE:TRP) (NYSE:TRP)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$86.13 and traded as high as C$95.16. TC Energy shares last traded at C$94.12, with a volume of 9,175,831 shares traded.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on TRP. Raymond James Financial increased their price target on shares of TC Energy from C$74.00 to C$78.00 in a report on Monday, March 30th. Citigroup lifted their price objective on TC Energy from C$86.00 to C$95.00 and gave the company a “neutral” rating in a report on Tuesday, March 31st. Barclays boosted their target price on TC Energy from C$88.00 to C$92.00 in a research report on Monday, May 4th. The Goldman Sachs Group raised TC Energy from a “sell” rating to a “hold” rating and set a C$62.00 target price for the company in a research note on Sunday, April 19th. Finally, TD set a C$98.00 price target on TC Energy and gave the company a “hold” rating in a report on Thursday, June 25th. Six equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of C$89.86.

TC Energy Stock Up 0.2%

The company has a debt-to-equity ratio of 224.52, a current ratio of 0.65 and a quick ratio of 0.40. The firm’s 50-day moving average price is C$93.51 and its 200 day moving average price is C$86.13. The firm has a market capitalization of C$98.05 billion, a price-to-earnings ratio of 29.50, a price-to-earnings-growth ratio of 1.69 and a beta of 0.70.

TC Energy (TSE:TRP) (NYSE:TRP) last announced its earnings results on Friday, May 1st. The company reported C$0.99 EPS for the quarter. TC Energy had a return on equity of 12.53% and a net margin of 21.83%.The firm had revenue of C$3.86 billion for the quarter. Sell-side analysts expect that TC Energy Co. will post 3.5490515 EPS for the current year.

Insider Transactions at TC Energy

In other TC Energy news, Director Trevor Ebl sold 5,000 shares of the company’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of C$93.45, for a total value of C$467,250.00. Also, insider Yvonne Frame-Zawalykut sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of C$98.39, for a total transaction of C$147,585.00. Company insiders own 0.03% of the company’s stock.

TC Energy Company Profile

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.