TC Energy (TSE:TRP) Lifted to “Strong-Buy” at UBS Group

TC Energy (TSE:TRP) (NYSE:TRP) was upgraded by analysts at UBS Group from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday, Zacks.com reports.

TRP has been the topic of several other research reports. National Bankshares boosted their price target on shares of TC Energy from C$60.00 to C$65.00 and gave the company an “outperform” rating in a report on Friday, August 23rd. Jefferies Financial Group boosted their price target on shares of TC Energy from C$57.00 to C$66.00 and gave the company a “hold” rating in a report on Monday. CIBC boosted their price target on shares of TC Energy from C$56.00 to C$59.00 in a report on Monday, July 15th. ATB Capital boosted their price target on shares of TC Energy from C$56.00 to C$60.00 and gave the company a “sector perform” rating in a report on Tuesday, September 10th. Finally, BMO Capital Markets boosted their price target on shares of TC Energy from C$57.00 to C$65.00 in a report on Thursday, September 5th. Five analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$59.31.

TC Energy Trading Up 1.5 %

Shares of TRP stock opened at C$65.26 on Monday. TC Energy has a 1 year low of C$44.70 and a 1 year high of C$65.40. The firm’s fifty day simple moving average is C$61.31 and its 200 day simple moving average is C$55.58. The firm has a market capitalization of C$67.87 billion, a P/E ratio of 19.72, a price-to-earnings-growth ratio of 0.26 and a beta of 0.82. The company has a current ratio of 0.76, a quick ratio of 0.40 and a debt-to-equity ratio of 160.84.

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

Insider Buying and Selling

In related news, Director Colin Lindley sold 2,773 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of C$59.42, for a total transaction of C$164,761.40. Following the transaction, the director now owns 697 shares in the company, valued at approximately C$41,413.16. In other TC Energy news, 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 transaction, the insider now directly owns 466 shares in the company, valued at approximately C$27,824.86. Also, Director Colin Lindley sold 2,773 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of C$59.42, for a total transaction of C$164,761.40. Following the transaction, the director now owns 697 shares in the company, valued at C$41,413.16. Insiders have sold a total of 95,479 shares of company stock worth $5,860,018 in the last 90 days. Corporate 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.