TC Energy Corporation (NYSE:TRP) saw an upside of 2.71% to close Tuesday at $51.25 after adding $1.35 on the day. The 5-day average trading volume is 1,293,180 shares of the company’s common stock. It has gained $51.43 in the past week. An average of 1,817,780 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,410,984.
TRP’s 1-month performance is 3.20% or $3.07 on its low of $47.47 reached on 09/20/21. The company’s shares have touched a 52-week low of $38.80 and high of $53.65, with the stock’s rally to the 52-week high happening on 06/16/21. YTD, TRP has achieved 25.86% or $10.53. However, the current price is down -4.47%% from the 52-week high price.
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The company’s PE ratio for the last five years has touched a high of 231.36 and a low of 10.42. TRP stock has a beta of 0.78. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 4.76 while the price-to-book (PB) in the most recent quarter is 2.21, with the price to cash flow ratio at 56.21.
TC Energy Corporation pays an annual dividend of $2.73 per share. Its dividend yield is 5.33% and the payout ratio is 205.50%. TRP paid $0.6917 a share compared with prior rate of $0.7137, down -3.18% from last year’s. The company latest dividend decrease of $0.0220 reported on Friday July 30 2021. Measured over the last 3 years, the Dividend has been growing by 23.67% yearly.
It is projected that TC Energy Corporation’s next ex-dividend date will be on 30-Nov. TRP is expected to distribute $0.87 as its next dividend.
TC Energy Corporation’s quick ratio for the period ended June 29 was 0.60, with the current ratio over the same period at 0.60 meaning that TRP stock is not able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 1.56, while the total debt to equity was 1.83. In terms of profitability, the gross margin trailing 12 months is 70.40%. The trailing 12-month EBITDA margin is 64.12% while for the period ending June 29; TC Energy Corporation’s operating margin was 22.90%. The firm’s gross profit as reported stood at $5.09 billion against revenue of $9.7 billion.
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Analysts expected TRP to announce $0.78 per share in earnings in its latest quarter, but it posted $0.85, representing a 9.00% surprise. EBITDA for the quarter stood at more than $1.79 billion. TRP stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 56.24 billion, with total debt at $52.34 billion
Let’s look briefly at TC Energy Corporation (TRP) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 71.28% to suggest the stock is trending Overbought, with historical volatility in this time period at 14.92%.
The stock’s 5-day moving average is $49.74, reflecting a +5.06% or $2.47 change from its current price. TRP is currently trading +4.57% above its 20-day SMA, +1.79% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +6.09% and +23.97% respectively.
Stochastic %K and %D was 79.25% and 65.42% and the average true range (ATR) pointed at 0.93. The RSI (14) points at 65.46%, while the 14-day stochastic is at 95.14% with the period’s ATR at 0.90. The stock’s 9-day MACD Oscillator is pointing at 1.06 and 1.04 on the 14-day charts.
In the most recent analyst report for TC Energy Corporation (NYSE: TRP), Goldman downgraded it to a Neutral rating. They previously had a Buy rating on the stock. Analysts offering their rating for TRP stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate TRP as a “sell,”, while 11 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 11 have offered a “buy” rating.
What is TRP’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $49.29 and a high of $60.38, with their median price target at $54.36. Looking at these predictions, the average price target given by analysts is for TC Energy Corporation (TRP) stock is $54.30.