TC Energy (TSE:TRP) Price Target Cut to C$58.00

TC Energy (TSE:TRP) (NYSE:TRP) had its price target lowered by analysts at ATB Capital from C$60.00 to C$58.00 in a research note issued to investors on Thursday, BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock.

TRP has been the subject of several other reports. BMO Capital Markets dropped their price target on TC Energy from C$65.00 to C$55.00 and set a “market perform” rating for the company in a research note on Wednesday. CIBC dropped their target price on shares of TC Energy from C$62.00 to C$57.00 and set a “negative” rating for the company in a research report on Wednesday. Barclays lifted their price target on shares of TC Energy from C$61.00 to C$64.00 in a research report on Monday, August 19th. Jefferies Financial Group increased their price objective on shares of TC Energy from C$57.00 to C$66.00 and gave the stock a “hold” rating in a research report on Monday, September 30th. Finally, Scotiabank reduced their target price on shares of TC Energy from C$62.00 to C$61.00 and set an “outperform” rating on the stock in a report on Wednesday, September 25th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, TC Energy presently has a consensus rating of “Moderate Buy” and an average price target of C$59.23.

TC Energy Stock Performance

TC Energy has a twelve month low of C$44.70 and a twelve month high of C$65.39. The company has a current ratio of 0.76, a quick ratio of 0.40 and a debt-to-equity ratio of 160.84. The firm has a 50-day moving average of C$61.41 and a 200 day moving average of C$55.64. The stock has a market capitalization of C$63.67 billion, a P/E ratio of 18.38, a price-to-earnings-growth ratio of 0.26 and a beta of 0.82.

TC Energy (TSE:TRP) (NYSE:TRP) last announced its quarterly earnings data on Thursday, August 1st. The company reported C$0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.89 by C$0.05. The company had revenue of C$4.09 billion during the quarter, compared to analysts’ expectations of C$3.78 billion. TC Energy had a net margin of 21.38% and a return on equity of 10.68%. Sell-side analysts predict that TC Energy will post 4.4244068 EPS for the current year.

Insider Buying and Selling at TC Energy

In other TC Energy news, Senior Officer Christine R. Johnston sold 16,292 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of C$59.71, for a total transaction of C$972,795.32. Following the completion of the sale, the insider now owns 466 shares in the company, valued at C$27,824.86. This trade represents a 0.00 % decrease in their position. In other news, Senior Officer Nancy Angenita Johnson sold 5,414 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of C$61.16, for a total value of C$331,133.78. Also, Senior Officer Christine R. Johnston sold 16,292 shares of the company’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of C$59.71, for a total transaction of C$972,795.32. Following the completion of the sale, the insider now owns 466 shares in the company, valued at approximately C$27,824.86. This trade represents a 0.00 % decrease in their position. Insiders sold a total of 95,479 shares of company stock valued at $5,860,018 in the last ninety days. Insiders own 0.04% of the company’s stock.

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 93,600 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.