Barclays Forecasts Strong Price Appreciation for TC Energy (TSE:TRP) Stock

TC Energy (TSE:TRP) (NYSE:TRP) had its price target hoisted by analysts at Barclays from C$100.00 to C$102.00 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s price objective suggests a potential upside of 7.58% from the company’s previous close.

Several other research firms have also issued reports on TRP. The Goldman Sachs Group upgraded 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. TD set a C$98.00 price target on shares of TC Energy and gave the stock a “hold” rating in a research report on Thursday, June 25th. Scotiabank boosted their price objective on TC Energy from C$97.00 to C$105.00 and gave the company a “sector outperform” rating in a research report on Tuesday, July 21st. ATB Cormark Capital Markets increased their target price 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. Finally, National Bank Financial raised their price target on shares of TC Energy from C$92.00 to C$102.00 in a research note on Monday, June 1st. Six equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of C$94.64.

TC Energy Trading Down 0.5%

Shares of TC Energy stock traded down C$0.50 on Friday, hitting C$94.81. 526,104 shares of the company’s stock traded hands, compared to its average volume of 5,005,519. The firm’s 50-day moving average price is C$96.19 and its two-hundred day moving average price is C$89.13. 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 has a market capitalization of C$98.77 billion, a PE ratio of 29.72, a price-to-earnings-growth ratio of 1.69 and a beta of 0.69. TC Energy has a one year low of C$64.91 and a one year high of C$100.18.

TC Energy (TSE:TRP) (NYSE:TRP) last posted its quarterly earnings results on Thursday, July 30th. The company reported C$0.94 earnings per share (EPS) for the quarter. TC Energy had a return on equity of 12.53% and a net margin of 21.83%.The business had revenue of C$3.96 billion for the quarter. On average, research analysts expect that TC Energy will post 3.5490515 EPS for the current fiscal year.

Insider Transactions at TC Energy

In related news, Director Trevor Ebl sold 5,000 shares of the firm’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 that occurred 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. 0.03% of the stock is currently owned by corporate insiders.

Key Stories Impacting TC Energy

Here are the key news stories impacting TC Energy this week:

• Positive Sentiment: TC Energy exceeded second-quarter earnings expectations. The company reported C$0.94 in EPS and C$3.96 billion in revenue, with comparable earnings and revenue rising year over year. The results point to continued strength in its regulated pipeline and energy infrastructure operations. TC Energy posts Q2 earnings beat, approves $500M in pipeline expansion projects TC Energy Q2 Comparable Earnings, Revenue Rise
• Positive Sentiment: The company approved approximately $500 million in pipeline expansion projects. The investments could support future growth and improve long-term cash-flow visibility, which is particularly important for an infrastructure company with significant capital requirements. TC Energy posts Q2 earnings beat, approves $500M in pipeline expansion projects
• Positive Sentiment: US Capital Advisors raised its TC Energy earnings forecasts across multiple periods. Estimates increased for Q2 and Q3 2026, Q4 2026, full-year 2026, and 2027–2028. The firm now forecasts FY2026 EPS of $3.71, FY2027 EPS of $3.89 and FY2028 EPS of $3.99, versus previous estimates of $3.50, $3.64 and $3.69, respectively. The revisions signal greater confidence in the company’s earnings trajectory.
• Neutral Sentiment: Despite the favorable news, shares traded lower. The muted market reaction suggests investors may have already anticipated a strong quarter, or may be weighing TC Energy’s relatively high leverage and valuation against its improved growth outlook. The reported current ratio of 0.65 and debt-to-equity ratio above 200 also remain considerations for income-oriented investors.

TC Energy Company Profile

We are a leader in North American energy infrastructure, spanning Canada, the U.S. and Mexico. For over 75 years, we have proudly connected the world to the energy it needs. Every day, we move more than 30 per cent of the natural gas used across the continent and connect LNG exports to global markets-powering communities and industries. Complemented by strategic ownership and low-risk investments in power generation, our infrastructure delivers affordable, reliable and sustainable energy across North America.