TC Energy (TSE:TRP – Get Free Report) (NYSE:TRP) was upgraded by stock analysts at National Bank Financial from a “sector perform market weight” rating to an “outperform market weight” rating in a research note issued on Friday. National Bank Financial also issued estimates for TC Energy’s Q2 2023 earnings at $0.98 EPS, FY2023 earnings at $4.31 EPS and FY2024 earnings at $4.47 EPS.
A number of other research analysts have also recently commented on TRP. CSFB reduced their price target on shares of TC Energy from C$60.50 to C$59.50 in a research report on Tuesday, April 11th. UBS Group boosted their price target on shares of TC Energy from C$59.00 to C$60.00 in a research note on Monday, May 1st. BMO Capital Markets cut TC Energy from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from C$60.00 to C$55.00 in a research note on Friday. CIBC lowered TC Energy from an “outperform” rating to a “neutral” rating and lowered their target price for the company from C$62.00 to C$60.00 in a research note on Tuesday, July 25th. Finally, Credit Suisse Group raised their price target on TC Energy from C$59.50 to C$60.00 in a research report on Tuesday, May 16th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of C$57.47.
TC Energy Trading Up 4.4 %
Shares of TRP opened at C$47.26 on Friday. The company has a debt-to-equity ratio of 183.26, a current ratio of 0.74 and a quick ratio of 0.40. TC Energy has a 1-year low of C$43.70 and a 1-year high of C$68.08. The company has a market capitalization of C$47.26 billion, a P/E ratio of 30.10, a P/E/G ratio of 0.78 and a beta of 0.88. The firm’s 50 day simple moving average is C$52.68 and its 200 day simple moving average is C$54.36.
TC Energy (TSE:TRP – Get Free Report) (NYSE:TRP) last released its quarterly earnings results on Friday, April 28th. The company reported C$1.21 earnings per share for the quarter, beating analysts’ consensus estimates of C$1.20 by C$0.01. The business had revenue of C$3.93 billion for the quarter, compared to the consensus estimate of C$3.69 billion. TC Energy had a return on equity of 5.11% and a net margin of 11.00%. Sell-side analysts forecast that TC Energy will post 4.3094059 earnings per share for the current fiscal year.
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 93,700 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.