TC Energy Co. (TSE:TRP – Free Report) (NYSE:TRP) – Equities researchers at Scotiabank increased their FY2027 earnings estimates for TC Energy in a research report issued to clients and investors on Wednesday, August 19th. Scotiabank analyst R. Hope now forecasts that the company will post earnings of $3.99 per share for the year, up from their prior forecast of $3.98. Scotiabank currently has a “Sector Outperform” rating and a $105.00 target price on the stock. The consensus estimate for TC Energy’s current full-year earnings is $3.55 per share.
Other equities research analysts have also issued reports about the stock. National Bank Financial boosted their target price on shares of TC Energy from C$102.00 to C$103.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. TD raised their price target on TC Energy from C$100.00 to C$102.00 and gave the stock a “hold” rating in a research note on Friday, July 31st. Canadian Imperial Bank of Commerce lifted their price objective on TC Energy from C$89.00 to C$94.00 in a report on Monday, May 4th. Morgan Stanley cut TC Energy from an “overweight” rating to an “equal weight” rating and set a C$103.00 price objective for the company. in a research report on Wednesday, June 10th. Finally, Royal Bank Of Canada increased their target price on TC Energy from C$104.00 to C$106.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Seven analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, TC Energy presently has a consensus rating of “Hold” and an average target price of C$94.64.
TC Energy Trading Up 0.7%
Shares of TRP stock opened at C$86.00 on Monday. The company has a current ratio of 0.61, a quick ratio of 0.40 and a debt-to-equity ratio of 229.63. TC Energy has a 12-month low of C$69.41 and a 12-month high of C$100.18. The stock has a market capitalization of C$89.59 billion, a P/E ratio of 25.75, a P/E/G ratio of 1.69 and a beta of 0.72. The firm’s 50 day moving average is C$94.05 and its 200 day moving average is C$90.54.
TC Energy (TSE:TRP – Get Free Report) (NYSE:TRP) last released its quarterly earnings data on Thursday, July 30th. The company reported C$0.94 earnings per share for the quarter. The firm had revenue of C$3.96 billion during the quarter. TC Energy had a net margin of 22.46% and a return on equity of 13.07%.
Insider Buying and Selling at TC Energy
In related 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. 0.03% of the stock is currently owned by insiders.
About TC Energy
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.
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