TC Energy (TSE:TRP) Price Target Raised to C$100.00

TC Energy (TSE:TRP) (NYSE:TRP) had its target price increased by Barclays from C$92.00 to C$100.00 in a research note published on Thursday morning,BayStreet.CA reports.

Other equities research analysts also recently issued research reports about the company. National Bank Financial raised their target price on TC Energy from C$92.00 to C$102.00 in a report on Monday, June 1st. ATB Cormark Capital Markets boosted their price target on TC Energy from C$87.00 to C$92.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 8th. The Goldman Sachs Group upgraded TC Energy from a “sell” rating to a “hold” rating and set a C$62.00 price objective for the company in a research report on Sunday, April 19th. Morgan Stanley lowered TC Energy from an “overweight” rating to an “equal weight” rating and set a C$103.00 price objective on the stock. in a research note on Wednesday, June 10th. Finally, Raymond James Financial lifted their target price on TC Energy from C$74.00 to C$78.00 in a research report on Monday, March 30th. Six equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of C$90.79.

TC Energy Price Performance

Shares of TSE:TRP opened at C$97.79 on Thursday. The firm has a 50 day moving average of C$95.63 and a 200-day moving average of C$87.69. TC Energy has a 12 month low of C$64.04 and a 12 month high of C$100.18. The company has a current ratio of 0.65, a quick ratio of 0.40 and a debt-to-equity ratio of 224.52. The stock has a market capitalization of C$101.87 billion, a PE ratio of 30.66, a PEG ratio of 1.69 and a beta of 0.69.

TC Energy (TSE:TRP) (NYSE:TRP) last posted its quarterly earnings results on Friday, May 1st. The company reported C$0.99 earnings per share (EPS) for the quarter. TC Energy had a net margin of 21.83% and a return on equity of 12.53%. The business had revenue of C$3.86 billion for the quarter. On average, equities research analysts predict that TC Energy will post 3.5490515 EPS for the current fiscal year.

Insiders Place Their Bets

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

About TC Energy

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.