TC Energy (TSE:TRP) Posts Earnings Results

TC Energy (TSE:TRP) (NYSE:TRP) released its quarterly earnings data on Friday. The company reported C$0.98 earnings per share for the quarter, FiscalAI reports. The firm had revenue of C$4.17 billion for the quarter. TC Energy had a net margin of 32.39% and a return on equity of 17.25%.

TC Energy Stock Performance

Shares of TRP opened at C$86.52 on Friday. The stock has a 50 day moving average of C$77.11 and a 200 day moving average of C$74.09. The company has a market capitalization of C$90.07 billion, a price-to-earnings ratio of 26.46, a PEG ratio of 1.69 and a beta of 0.86. TC Energy has a 12 month low of C$62.17 and a 12 month high of C$86.97. The company has a current ratio of 1.31, a quick ratio of 0.40 and a debt-to-equity ratio of 237.62.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on TRP shares. Jefferies Financial Group raised their price target on shares of TC Energy from C$74.00 to C$80.00 in a research report on Wednesday, February 4th. Scotiabank increased their price objective on TC Energy from C$81.00 to C$86.00 in a research note on Friday, January 16th. Royal Bank Of Canada lifted their target price on TC Energy from C$74.00 to C$84.00 in a research report on Friday, November 7th. National Bank Financial upped their price target on TC Energy from C$76.00 to C$85.00 and gave the stock an “outperform” rating in a report on Wednesday, December 17th. Finally, TD Securities dropped their price objective on TC Energy from C$81.00 to C$80.00 and set a “buy” rating on the stock in a research note on Friday, November 7th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$80.60.

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.