TC Energy (TSE:TRP) PT Lowered to C$51.00 at Jefferies Financial Group

TC Energy (TSE:TRP) (NYSE:TRP) had its price objective lowered by analysts at Jefferies Financial Group from C$57.00 to C$51.00 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. Jefferies Financial Group’s target price suggests a potential upside of 5.07% from the company’s previous close.

Other analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. boosted their target price on shares of TC Energy from C$58.00 to C$59.00 and gave the stock a “neutral” rating in a research note on Tuesday. National Bankshares boosted their target price on shares of TC Energy from C$54.00 to C$58.00 and gave the company an “outperform” rating in a report on Tuesday, January 30th. TD Securities boosted their target price on shares of TC Energy from C$50.00 to C$51.00 and gave the company a “hold” rating in a report on Wednesday, February 21st. Stifel Nicolaus set a C$61.00 price target on shares of TC Energy and gave the company a “buy” rating in a research note on Thursday, January 18th. Finally, ATB Capital set a C$54.00 price target on shares of TC Energy and gave the company a “sector perform” rating in a research note on Friday, January 5th. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, TC Energy presently has an average rating of “Hold” and an average target price of C$54.94.

TC Energy Trading Up 0.5 %

Shares of TC Energy stock opened at C$48.54 on Wednesday. TC Energy has a 1 year low of C$43.70 and a 1 year high of C$56.98. The company has a debt-to-equity ratio of 163.32, a current ratio of 0.96 and a quick ratio of 0.40. The firm has a fifty day moving average price of C$53.03 and a 200 day moving average price of C$51.41. The stock has a market cap of C$50.48 billion, a PE ratio of 17.65, a price-to-earnings-growth ratio of 0.26 and a beta of 0.73.

TC Energy (TSE:TRP) (NYSE:TRP) last released its quarterly earnings data on Friday, February 16th. The company reported C$1.35 earnings per share for the quarter, beating analysts’ consensus estimates of C$1.08 by C$0.27. The company had revenue of C$4.24 billion during the quarter, compared to analysts’ expectations of C$3.94 billion. TC Energy had a net margin of 18.34% and a return on equity of 8.39%. Equities research analysts predict that TC Energy will post 4.1789916 earnings per share for the current year.

Insider Activity

In other news, Director Kevin B. Engel sold 2,514 shares of the company’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of C$54.33, for a total value of C$136,593.16. Following the completion of the transaction, the director now owns -29 shares in the company, valued at approximately C($1,575.66). In other TC Energy news, Director Alexis A.J. Hudy purchased 875 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The stock was purchased at an average price of C$54.97 per share, for a total transaction of C$48,098.75. Following the purchase, the director now directly owns 875 shares in the company, valued at C$48,098.75. Also, Director Kevin B. Engel sold 2,514 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of C$54.33, for a total transaction of C$136,593.16. Following the sale, the director now owns -29 shares of the company’s stock, valued at approximately C($1,575.66). In the last quarter, insiders purchased 4,526 shares of company stock worth $248,609. Corporate insiders own 0.04% of the company’s stock.

TC Energy Company Profile

TC Energy Corporation operates as an energy infrastructure company in North America. It operates through five segments: Canadian Natural Gas Pipelines; U.S. Natural Gas Pipelines; Mexico Natural Gas Pipelines; Liquids Pipelines; and Power and Energy Solutions. The company builds and operates a network of 93,600 kilometers of natural gas pipelines, which transports natural gas from supply basins to local distribution companies, power generation plants, industrial facilities, interconnecting pipelines, LNG export terminals, and other businesses.