TC Energy (TSE:TRP) Price Target Raised to C$98.00

TC Energy (TSE:TRP) (NYSE:TRP) had its target price boosted by stock analysts at TD from C$90.00 to C$98.00 in a note issued to investors on Tuesday,BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. TD’s target price would suggest a potential upside of 2.34% from the stock’s current price.

TRP has been the topic of several other reports. ATB Cormark Capital Markets upped their target price on TC Energy from C$82.00 to C$87.00 and gave the stock a “sector perform” rating in a research report on Monday, May 4th. Royal Bank Of Canada upped their target price on TC Energy from C$92.00 to C$95.00 and gave the stock an “outperform” rating in a research report on Monday, May 4th. The Goldman Sachs Group raised TC Energy from a “sell” rating to a “hold” rating and set a C$62.00 target price on the stock in a research report on Sunday, April 19th. Scotiabank upped their target price on TC Energy from C$86.00 to C$93.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 17th. Finally, Raymond James Financial upped their target price on TC Energy from C$74.00 to C$78.00 in a research report on Monday, March 30th. Six research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of C$88.08.

TC Energy Stock Down 1.3%

TC Energy stock traded down C$1.31 during mid-day trading on Tuesday, hitting C$95.76. The company’s stock had a trading volume of 710,466 shares, compared to its average volume of 5,357,005. The firm’s 50 day moving average is C$88.51 and its 200 day moving average is C$82.11. The company has a market cap of C$99.76 billion, a PE ratio of 30.02, a price-to-earnings-growth ratio of 1.69 and a beta of 0.76. The company has a debt-to-equity ratio of 224.52, a current ratio of 0.65 and a quick ratio of 0.40. TC Energy has a 52-week low of C$63.34 and a 52-week high of C$98.62.

TC Energy (TSE:TRP) (NYSE:TRP) last announced its quarterly earnings data on Friday, May 1st. The company reported C$0.99 earnings per share (EPS) for the quarter. TC Energy had a return on equity of 12.53% and a net margin of 21.83%.The firm had revenue of C$3.86 billion during the quarter. On average, analysts anticipate that TC Energy will post 3.5490515 earnings per share for the current year.

Insider Transactions at TC Energy

In other news, Director Trevor Ebl sold 5,000 shares of the stock in a transaction dated Friday, May 15th. The stock was sold at an average price of C$93.45, for a total transaction of C$467,250.00. Also, insider Dawn Elizabeth De Lima sold 25,342 shares of the stock in a transaction dated Tuesday, March 24th. The shares were sold at an average price of C$88.73, for a total value of C$2,248,595.66. Following the transaction, the insider directly owned 18,490 shares in the company, valued at approximately C$1,640,617.70. This represents a 57.82% decrease in their position. Corporate insiders own 0.03% of the company’s stock.

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.