Royal Bank Of Canada Issues Positive Forecast for TC Energy (TSE:TRP) Stock Price

TC Energy (TSE:TRP) (NYSE:TRP) had its price objective upped by Royal Bank Of Canada from C$104.00 to C$106.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target indicates a potential upside of 11.80% from the company’s previous close.

TRP has been the subject of several other reports. Barclays raised their target price on TC Energy from C$100.00 to C$102.00 and gave the company an “overweight” rating in a research report on Friday. National Bank Financial increased their price target on shares of TC Energy from C$102.00 to C$103.00 and gave the company an “outperform” rating in a research report on Friday. The Goldman Sachs Group upgraded shares of TC Energy from a “sell” rating to a “hold” rating and set a C$62.00 price objective for the company in a report on Sunday, April 19th. Scotiabank lifted their price objective on shares of TC Energy from C$97.00 to C$105.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, July 21st. Finally, Morgan Stanley cut shares of TC Energy from an “overweight” rating to an “equal weight” rating and set a C$103.00 target price on the stock. in a research note on Wednesday, June 10th. Six equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of C$94.64.

TC Energy Stock Performance

Shares of TRP stock traded down C$0.50 during trading on Friday, hitting C$94.81. The company’s stock had a trading volume of 526,104 shares, compared to its average volume of 5,005,519. The company has a current ratio of 0.65, a quick ratio of 0.40 and a debt-to-equity ratio of 224.52. The company has a market cap of C$98.77 billion, a PE ratio of 29.72, a P/E/G ratio of 1.69 and a beta of 0.69. The business has a fifty day moving average of C$96.19 and a 200-day moving average of C$89.13. TC Energy has a 52 week low of C$64.91 and a 52 week high of C$100.18.

TC Energy (TSE:TRP) (NYSE:TRP) last issued its quarterly earnings results on Thursday, July 30th. The company reported C$0.94 EPS for the quarter. TC Energy had a return on equity of 12.53% and a net margin of 21.83%.The business had revenue of C$3.96 billion for the quarter. As a group, research analysts anticipate that TC Energy will post 3.5490515 earnings per share for the current year.

Insider Buying and Selling at TC Energy

In related news, Director Trevor Ebl sold 5,000 shares of the business’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of C$93.45, for a total value of C$467,250.00. Also, insider Yvonne Frame-Zawalykut sold 1,500 shares of the business’s stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of C$98.39, for a total value of C$147,585.00. 0.03% of the stock is currently owned by corporate insiders.

More TC Energy News

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

• Positive Sentiment: TC Energy exceeded second-quarter earnings expectations. The company reported C$0.94 in EPS and C$3.96 billion in revenue, with comparable earnings and revenue rising year over year. The results point to continued strength in its regulated pipeline and energy infrastructure operations. TC Energy posts Q2 earnings beat, approves $500M in pipeline expansion projects TC Energy Q2 Comparable Earnings, Revenue Rise
• Positive Sentiment: The company approved approximately $500 million in pipeline expansion projects. The investments could support future growth and improve long-term cash-flow visibility, which is particularly important for an infrastructure company with significant capital requirements. TC Energy posts Q2 earnings beat, approves $500M in pipeline expansion projects
• Positive Sentiment: US Capital Advisors raised its TC Energy earnings forecasts across multiple periods. Estimates increased for Q2 and Q3 2026, Q4 2026, full-year 2026, and 2027–2028. The firm now forecasts FY2026 EPS of $3.71, FY2027 EPS of $3.89 and FY2028 EPS of $3.99, versus previous estimates of $3.50, $3.64 and $3.69, respectively. The revisions signal greater confidence in the company’s earnings trajectory.
• Neutral Sentiment: Despite the favorable news, shares traded lower. The muted market reaction suggests investors may have already anticipated a strong quarter, or may be weighing TC Energy’s relatively high leverage and valuation against its improved growth outlook. The reported current ratio of 0.65 and debt-to-equity ratio above 200 also remain considerations for income-oriented investors.

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.