TC Energy (TSE:TRP) Given New C$82.00 Price Target at ATB Cormark Capital Markets

TC Energy (TSE:TRP) (NYSE:TRP) had its price objective lifted by ATB Cormark Capital Markets from C$80.00 to C$82.00 in a research report report published on Thursday,BayStreet.CA reports. ATB Cormark Capital Markets currently has an outperform rating on the stock.

Other research analysts have also issued reports about the company. Raymond James Financial lifted their price objective on TC Energy from C$74.00 to C$78.00 in a research report on Monday, March 30th. Jefferies Financial Group lifted their price objective on TC Energy from C$80.00 to C$88.00 in a research report on Tuesday, February 17th. Royal Bank Of Canada lifted their price objective on TC Energy from C$84.00 to C$92.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 17th. National Bank Financial lifted their price objective on TC Energy from C$85.00 to C$86.00 and gave the stock a “hold” rating in a research report on Tuesday, February 17th. Finally, The Goldman Sachs Group raised TC Energy from a “sell” rating to a “hold” rating and set a C$62.00 price objective for the company in a research report on Sunday, April 19th. Six analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of C$84.67.

TC Energy Stock Up 1.6%

Shares of TSE:TRP opened at C$83.43 on Thursday. The firm has a market cap of C$86.91 billion, a P/E ratio of 25.51, a P/E/G ratio of 1.69 and a beta of 0.72. The company has a quick ratio of 0.40, a current ratio of 0.63 and a debt-to-equity ratio of 223.25. TC Energy has a 12-month low of C$63.34 and a 12-month high of C$90.27. The business has a fifty day simple moving average of C$86.54 and a 200 day simple moving average of C$79.32.

TC Energy (TSE:TRP) (NYSE:TRP) last announced its earnings results on Friday, February 13th. The company reported C$0.98 earnings per share (EPS) for the quarter. TC Energy had a return on equity of 12.80% and a net margin of 23.23%.The business had revenue of C$4.17 billion during the quarter. Analysts predict that TC Energy will post 3.5490515 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Dawn Elizabeth De Lima sold 25,342 shares of the company’s stock in a transaction that occurred on Tuesday, March 24th. The stock was sold at an average price of C$88.73, for a total transaction of C$2,248,595.66. Following the transaction, the insider directly owned 18,490 shares of the company’s stock, valued at approximately C$1,640,617.70. This represents a 57.82% decrease in their position. 0.03% of the stock is owned by insiders.

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.