TC Energy (TSE:TRP – Get Free Report) (NYSE:TRP) had its price target hoisted by investment analysts at Barclays from C$92.00 to C$100.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. Barclays‘s target price suggests a potential upside of 1.77% from the stock’s current price.
Other equities analysts have also recently issued reports about the company. National Bank Financial boosted their target price on TC Energy from C$92.00 to C$102.00 in a research report on Monday, June 1st. ATB Cormark Capital Markets lifted their price target on TC Energy from C$87.00 to C$92.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 8th. The Goldman Sachs Group raised TC Energy from a “sell” rating to a “hold” rating and set a C$62.00 price objective for the company in a report on Sunday, April 19th. Raymond James Financial boosted their price objective on TC Energy from C$74.00 to C$78.00 in a report on Monday, March 30th. Finally, Morgan Stanley downgraded shares of TC Energy from an “overweight” rating to an “equal weight” rating and set a C$103.00 target price on the stock. in a research note on Wednesday, June 10th. Six analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of C$90.79.
Get Our Latest Research Report on TC Energy
TC Energy Stock Performance
TC Energy (TSE:TRP – Get Free Report) (NYSE:TRP) last released its quarterly earnings results on Friday, May 1st. The company reported C$0.99 earnings per share for the quarter. TC Energy had a net margin of 21.83% and a return on equity of 12.53%. The firm had revenue of C$3.86 billion for the quarter. On average, equities analysts expect that TC Energy will post 3.5490515 earnings per share for the current year.
Insider Transactions at TC Energy
In other news, Director Trevor Ebl sold 5,000 shares of the company’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of C$93.45, for a total value of C$467,250.00. Also, insider Yvonne Frame-Zawalykut sold 1,500 shares of the stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of C$98.39, for a total value of C$147,585.00. Company insiders own 0.03% of the company’s stock.
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.
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