TC Energy (TSE:TRP) Stock Rating Upgraded by TD Securities

TC Energy (TSE:TRP) (NYSE:TRP) was upgraded by analysts at TD Securities to a “strong-buy” rating in a research report issued on Tuesday,Zacks.com reports.

Several other brokerages have also issued reports on TRP. ATB Capital lifted their target price on shares of TC Energy from C$64.00 to C$65.00 in a research report on Friday, November 8th. CIBC lifted their target price on shares of TC Energy from C$68.00 to C$70.00 and gave the company a “neutral” rating in a research report on Thursday, January 9th. Scotiabank lifted their target price on shares of TC Energy from C$74.00 to C$75.00 in a research report on Wednesday, November 20th. Jefferies Financial Group lifted their target price on shares of TC Energy from C$64.00 to C$65.00 in a research report on Wednesday, November 20th. Finally, Barclays lifted their target price on shares of TC Energy from C$67.00 to C$74.00 in a research report on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$71.62.

TC Energy Stock Up 0.9 %

TRP stock opened at C$67.16 on Tuesday. The firm has a market cap of C$69.85 billion, a PE ratio of 20.29, a P/E/G ratio of 1.69 and a beta of 0.82. The company has a debt-to-equity ratio of 160.84, a quick ratio of 0.40 and a current ratio of 0.76. The firm’s fifty day moving average is C$67.62 and its 200 day moving average is C$62.66. TC Energy has a one year low of C$43.83 and a one year high of C$70.32.

TC Energy (TSE:TRP) (NYSE:TRP) last released its quarterly earnings results on Thursday, November 7th. The company reported C$1.03 EPS for the quarter, beating the consensus estimate of C$0.97 by C$0.06. The company had revenue of C$4.08 billion for the quarter, compared to analyst estimates of C$3.90 billion. TC Energy had a net margin of 21.38% and a return on equity of 10.68%. On average, research analysts forecast that TC Energy will post 3.5490515 EPS for the current year.

Insiders Place Their Bets

In related news, Director Alexander (Alex) Oehler purchased 6,540 shares of TC Energy stock in a transaction dated Monday, December 30th. The shares were acquired at an average cost of C$66.05 per share, with a total value of C$431,947.64. Also, Director Lindsay Mackay sold 3,520 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of C$70.00, for a total transaction of C$246,400.00. Insiders have sold 420,911 shares of company stock valued at $28,259,105 over the last ninety days. Company insiders own 0.03% of the company’s stock.

About TC Energy

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.