TC Energy (TSE:TRP) PT Raised to C$57.00 at BMO Capital Markets

TC Energy (TSE:TRP) (NYSE:TRP) had its price target boosted by equities researchers at BMO Capital Markets from C$55.00 to C$57.00 in a note issued to investors on Friday, BayStreet.CA reports. BMO Capital Markets’ target price suggests a potential downside of 3.42% from the company’s previous close.

Several other research analysts also recently weighed in on TRP. JPMorgan Chase & Co. boosted their target price on TC Energy from C$58.00 to C$59.00 and gave the company a “neutral” rating in a report on Tuesday, April 16th. CIBC raised their price objective on shares of TC Energy from C$56.00 to C$59.00 in a research report on Monday, July 15th. Scotiabank reduced their price target on TC Energy from C$68.00 to C$62.00 and set an “outperform” rating for the company in a report on Friday. National Bankshares raised their target price on TC Energy from C$58.00 to C$60.00 and gave the company an “outperform” rating in a report on Friday. Finally, Barclays raised shares of TC Energy from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from C$55.00 to C$61.00 in a report on Wednesday, July 17th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, TC Energy has an average rating of “Moderate Buy” and an average target price of C$56.73.

TC Energy Stock Down 1.2 %

Shares of TC Energy stock traded down C$0.69 during trading hours on Friday, reaching C$59.02. 1,923,140 shares of the company were exchanged, compared to its average volume of 6,637,004. The firm has a market cap of C$61.38 billion, a PE ratio of 22.79, a PEG ratio of 0.26 and a beta of 0.74. The stock’s fifty day moving average is C$53.84 and its 200 day moving average is C$52.91. TC Energy has a 1 year low of C$44.70 and a 1 year high of C$59.98. The company has a debt-to-equity ratio of 163.01, a quick ratio of 0.40 and a current ratio of 0.94.

TC Energy (TSE:TRP) (NYSE:TRP) last posted its quarterly earnings results on Friday, May 3rd. The company reported C$1.24 EPS for the quarter, topping the consensus estimate of C$1.14 by C$0.10. TC Energy had a net margin of 17.31% and a return on equity of 8.37%. The company had revenue of C$4.24 billion during the quarter, compared to analysts’ expectations of C$4.26 billion. As a group, equities research analysts forecast that TC Energy will post 4.1883013 earnings per share for the current year.

Insider Transactions at TC Energy

In other news, Director Kevin B. Engel sold 546 shares of the firm’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of C$53.53, for a total transaction of C$29,227.38. In related news, Senior Officer Christine R. Johnston sold 1,330 shares of TC Energy stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of C$53.15, for a total value of C$70,689.50. Following the transaction, the insider now owns 466 shares of the company’s stock, valued at approximately C$24,767.90. Also, Director Kevin B. Engel sold 546 shares of the firm’s stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of C$53.53, for a total value of C$29,227.38. Over the last quarter, insiders sold 6,876 shares of company stock valued at $299,917. 0.04% of the stock is currently owned by corporate insiders.

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.