TC Energy (TSE:TRP) Director Trevor Ebl Sells 5,000 Shares

TC Energy Co. (TSE:TRP) (NYSE:TRP) Director Trevor Ebl sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of C$93.45, for a total value of C$467,250.00.

TC Energy Price Performance

Shares of TC Energy stock traded up C$1.41 during trading on Tuesday, reaching C$95.41. The company’s stock had a trading volume of 839,351 shares, compared to its average volume of 5,510,621. The company has a quick ratio of 0.40, a current ratio of 0.65 and a debt-to-equity ratio of 224.52. TC Energy Co. has a 12-month low of C$63.34 and a 12-month high of C$95.90. The company has a market capitalization of C$99.39 billion, a P/E ratio of 29.91, a price-to-earnings-growth ratio of 1.69 and a beta of 0.76. The business has a 50 day moving average price of C$87.45 and a 200-day moving average price of C$81.18.

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

Wall Street Analysts Forecast Growth

A number of research firms have commented on TRP. Raymond James Financial boosted their target price on TC Energy from C$74.00 to C$78.00 in a research report on Monday, March 30th. Canadian Imperial Bank of Commerce upped their price objective on TC Energy from C$89.00 to C$94.00 in a research report on Monday, May 4th. TD Securities downgraded TC Energy from a “buy” rating to a “hold” rating and upped their price objective for the company from C$84.00 to C$88.00 in a research report on Tuesday, February 17th. National Bank Financial upped their price objective on TC Energy from C$86.00 to C$92.00 and gave the company an “outperform” rating in a research report on Monday, May 4th. Finally, Barclays upped their price objective on TC Energy from C$88.00 to C$92.00 in a research report on Monday, May 4th. Six research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of C$87.46.

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.