TC Energy (TSE:TRP) Price Target Raised to C$92.00

TC Energy (TSE:TRP) (NYSE:TRP) had its target price lifted by research analysts at ATB Cormark Capital Markets from C$87.00 to C$92.00 in a research report issued on Wednesday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. ATB Cormark Capital Markets’ target price indicates a potential downside of 5.99% from the stock’s previous close.

Other analysts also recently issued reports about the stock. The Goldman Sachs Group raised shares of TC Energy from a “sell” rating to a “hold” rating and set a C$62.00 target price for the company in a research report on Sunday, April 19th. Citigroup upped their price objective on shares of TC Energy from C$86.00 to C$95.00 and gave the stock a “neutral” rating in a report on Tuesday, March 31st. Canadian Imperial Bank of Commerce increased their target price on shares of TC Energy from C$89.00 to C$94.00 in a research report on Monday, May 4th. TD set a C$98.00 target price on TC Energy and gave the company a “hold” rating in a report on Thursday, June 25th. Finally, National Bank Financial upped their target price on TC Energy from C$92.00 to C$102.00 in a research report on Monday, June 1st. Six investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, TC Energy has an average rating of “Hold” and a consensus price target of C$90.21.

TC Energy Stock Up 0.2%

TRP traded up C$0.18 on Wednesday, reaching C$97.86. 1,195,703 shares of the company traded hands, compared to its average volume of 5,255,053. The company has a market cap of C$101.95 billion, a price-to-earnings ratio of 30.68, a PEG ratio of 1.69 and a beta of 0.69. 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 stock’s 50 day moving average price is C$94.26 and its 200-day moving average price is C$86.58. TC Energy has a 52-week low of C$63.34 and a 52-week high of C$100.18.

TC Energy (TSE:TRP) (NYSE:TRP) last issued its 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 company had revenue of C$3.86 billion during the quarter. On average, sell-side analysts expect that TC Energy will post 3.5490515 EPS for the current fiscal year.

Insider Activity at TC Energy

In other news, insider Yvonne Frame-Zawalykut sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of C$98.39, for a total transaction of C$147,585.00. Also, Director Trevor Ebl sold 5,000 shares of the business’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. 0.03% of the stock is currently owned by company insiders.

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.