BMO Capital Markets Issues Positive Forecast for TC Energy (TSE:TRP) Stock Price

TC Energy (TSE:TRP) (NYSE:TRP) had its price objective upped by investment analysts at BMO Capital Markets from C$94.00 to C$99.00 in a report issued on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. BMO Capital Markets’ target price would suggest a potential upside of 4.42% from the company’s previous close.

A number of other research firms have also recently commented on TRP. The Goldman Sachs Group raised shares of 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. ATB Cormark Capital Markets increased their target price on TC Energy from C$87.00 to C$92.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 8th. Royal Bank Of Canada lifted 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. TD set a C$98.00 price objective on shares of TC Energy and gave the stock a “hold” rating in a research note on Thursday, June 25th. Finally, Morgan Stanley downgraded TC Energy from an “overweight” rating to an “equal weight” rating and set a C$103.00 price target on the stock. in a report on Wednesday, June 10th. Six research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of C$94.64.

TC Energy Price Performance

Shares of TSE TRP traded down C$0.50 during trading on Friday, reaching C$94.81. The company had a trading volume of 526,104 shares, compared to its average volume of 5,005,519. The company has a current ratio of 0.65, a quick ratio of 0.40 and a debt-to-equity ratio of 224.52. TC Energy has a twelve month low of C$64.91 and a twelve month high of C$100.18. The stock has a 50-day moving average price of C$96.19 and a two-hundred day moving average price of C$89.13. The stock has a market capitalization of C$98.77 billion, a PE ratio of 29.72, a price-to-earnings-growth ratio of 1.69 and a beta of 0.69.

TC Energy (TSE:TRP) (NYSE:TRP) last posted its quarterly earnings data on Thursday, July 30th. The company reported C$0.94 earnings per share for the quarter. The business had revenue of C$3.96 billion during the quarter. TC Energy had a net margin of 21.83% and a return on equity of 12.53%. As a group, sell-side analysts predict that TC Energy will post 3.5490515 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Yvonne Frame-Zawalykut sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of C$98.39, for a total value of C$147,585.00. Also, Director Trevor Ebl sold 5,000 shares of the 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. 0.03% of the stock is currently owned by company insiders.

More TC Energy News

Here are the key news stories impacting TC Energy this week:

• Positive Sentiment: TC Energy exceeded second-quarter earnings expectations. The company reported C$0.94 in EPS and C$3.96 billion in revenue, with comparable earnings and revenue rising year over year. The results point to continued strength in its regulated pipeline and energy infrastructure operations. TC Energy posts Q2 earnings beat, approves $500M in pipeline expansion projects TC Energy Q2 Comparable Earnings, Revenue Rise
• Positive Sentiment: The company approved approximately $500 million in pipeline expansion projects. The investments could support future growth and improve long-term cash-flow visibility, which is particularly important for an infrastructure company with significant capital requirements. TC Energy posts Q2 earnings beat, approves $500M in pipeline expansion projects
• Positive Sentiment: US Capital Advisors raised its TC Energy earnings forecasts across multiple periods. Estimates increased for Q2 and Q3 2026, Q4 2026, full-year 2026, and 2027–2028. The firm now forecasts FY2026 EPS of $3.71, FY2027 EPS of $3.89 and FY2028 EPS of $3.99, versus previous estimates of $3.50, $3.64 and $3.69, respectively. The revisions signal greater confidence in the company’s earnings trajectory.
• Neutral Sentiment: Despite the favorable news, shares traded lower. The muted market reaction suggests investors may have already anticipated a strong quarter, or may be weighing TC Energy’s relatively high leverage and valuation against its improved growth outlook. The reported current ratio of 0.65 and debt-to-equity ratio above 200 also remain considerations for income-oriented investors.

TC Energy Company Profile

We are a leader in North American energy infrastructure, spanning Canada, the U.S. and Mexico. For over 75 years, we have proudly connected the world to the energy it needs. Every day, we move more than 30 per cent of the natural gas used across the continent and connect LNG exports to global markets-powering communities and industries. Complemented by strategic ownership and low-risk investments in power generation, our infrastructure delivers affordable, reliable and sustainable energy across North America.