TC Energy (TSE:TRP) Given New C$66.00 Price Target at Jefferies Financial Group

TC Energy (TSE:TRP) (NYSE:TRP) had its price target increased by equities researchers at Jefferies Financial Group from C$57.00 to C$66.00 in a note issued to investors on Monday, BayStreet.CA reports. The firm currently has a “hold” rating on the stock. Jefferies Financial Group’s target price would indicate a potential upside of 1.13% from the company’s previous close.

TRP has been the subject of a number of other research reports. Barclays increased their target price on shares of TC Energy from C$61.00 to C$64.00 in a research report on Monday, August 19th. Wells Fargo & Company upped their price target on shares of TC Energy from C$59.00 to C$64.00 in a report on Tuesday, June 4th. ATB Capital lifted their target price on TC Energy from C$56.00 to C$60.00 and gave the stock a “sector perform” rating in a report on Tuesday, September 10th. National Bankshares lifted their price target on TC Energy from C$60.00 to C$65.00 and gave the stock an “outperform” rating in a research note on Friday, August 23rd. Finally, CIBC upped their price objective on shares of TC Energy from C$56.00 to C$59.00 in a research note on Monday, July 15th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, TC Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of C$59.31.

TC Energy Stock Performance

Shares of TRP opened at C$65.26 on Monday. The company has a debt-to-equity ratio of 160.84, a quick ratio of 0.40 and a current ratio of 0.76. TC Energy has a 1 year low of C$44.70 and a 1 year high of C$65.39. The firm has a fifty day moving average of C$61.31 and a 200-day moving average of C$55.58. The company has a market cap of C$67.87 billion, a price-to-earnings ratio of 19.72, a price-to-earnings-growth ratio of 0.26 and a beta of 0.82.

TC Energy (TSE:TRP) (NYSE:TRP) last posted its earnings results on Thursday, August 1st. The company reported C$0.94 EPS for the quarter, topping the consensus estimate 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 firm had revenue of C$4.09 billion during the quarter, compared to analysts’ expectations of C$3.78 billion. As a group, equities analysts anticipate that TC Energy will post 4.5431472 earnings per share for the current year.

Insider Activity

In other TC Energy news, Senior Officer Dawn Elizabeth De Lima purchased 545 shares of the business’s stock in a transaction dated Tuesday, September 24th. The shares were acquired at an average price of C$63.06 per share, for a total transaction of C$34,367.70. In related news, Director Colin Lindley sold 2,773 shares of the business’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of C$59.42, for a total transaction of C$164,761.40. Following the completion of the transaction, the director now owns 697 shares of the company’s stock, valued at approximately C$41,413.16. Also, Senior Officer Dawn Elizabeth De Lima acquired 545 shares of TC Energy stock in a transaction dated Tuesday, September 24th. The stock was acquired at an average cost of C$63.06 per share, with a total value of C$34,367.70. Insiders have sold a total of 95,479 shares of company stock worth $5,860,018 in the last ninety days. Corporate insiders own 0.04% of the company’s stock.

About TC Energy

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.