TC Energy (TSE:TRP) Sets New 1-Year High – Time to Buy?

TC Energy Co. (TSE:TRP) (NYSE:TRP) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as C$80.32 and last traded at C$79.85, with a volume of 26729 shares traded. The stock had previously closed at C$79.84.

TC Energy News Summary

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

• Positive Sentiment: Jefferies raised its price target for TC Energy from C$74.00 to C$80.00 — a signal of greater upside conviction from that shop (even though the new target is near the current price). BayStreet Article
• Positive Sentiment: US Capital Advisors increased its FY2027 EPS forecast to $3.51 from $3.40, which supports a slightly stronger medium‑term outlook for earnings. MarketBeat Report
• Positive Sentiment: US Capital Advisors nudged up its Q4 2026 EPS to $0.95 from $0.94 — a modest improvement in late‑year expectations. MarketBeat Report
• Neutral Sentiment: The consensus full‑year EPS estimate cited alongside these notes remains roughly unchanged at about $3.55, so market reaction will hinge on how investors weight near‑term trims vs. the longer‑term lift. MarketBeat Consensus
• Negative Sentiment: US Capital Advisors cut several near‑term forecasts: Q1 2026 to $0.97 (from $0.99), Q2 2026 to $0.75 (from $0.77), Q3 2026 to $0.81 (from $0.82), Q4 2025 to $0.80 (from $0.88), FY2025 to $3.34 (from $3.42) and FY2026 to $3.47 (from $3.51). Those trims are the primary reason shares are under pressure today because they lower near‑term earnings visibility. MarketBeat Report

Analysts Set New Price Targets

Several research firms recently issued reports on TRP. Cibc World Mkts lowered shares of TC Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 9th. Scotiabank boosted their price target on TC Energy from C$81.00 to C$86.00 in a research note on Friday, January 16th. CIBC raised their price objective on shares of TC Energy from C$78.00 to C$81.00 in a research report on Wednesday, December 17th. Barclays increased their target price on shares of TC Energy from C$75.00 to C$80.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. Finally, BMO Capital Markets raised shares of TC Energy from a “hold” rating to an “outperform” rating and increased their price objective for the stock from C$73.00 to C$83.00 in a research report on Friday, November 7th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$80.60.

TC Energy Trading Up 0.1%

The stock’s 50-day simple moving average is C$76.12 and its 200-day simple moving average is C$73.28. The firm has a market capitalization of C$84.34 billion, a PE ratio of 24.78, a P/E/G ratio of 1.69 and a beta of 0.86. The company has a debt-to-equity ratio of 237.62, a quick ratio of 0.40 and a current ratio of 1.31.

TC Energy (TSE:TRP) (NYSE:TRP) last posted its quarterly earnings data on Thursday, November 6th. The company reported C$0.77 earnings per share for the quarter. TC Energy had a return on equity of 17.25% and a net margin of 32.39%.The business had revenue of C$3.70 billion for the quarter. As a group, sell-side analysts expect that TC Energy Co. will post 3.5490515 EPS for the current fiscal year.

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.