What You Need To Know About TC Energy Corporation (TRP)


TC Energy Corporation (NYSE:TRP) finished Thursday with a subtraction of -$1.87 to close at $44.46, a downside of -4.05 percent. An average of 1,049,221 shares of common stock have been traded in the last five days. There was a fall of -$2.57 in the past week, and it reached a new high 22 times over the past 12 months. The last 20 days have seen an average of 1,292,940 shares traded, while the 50-day average volume stands at 1,660,514.

TRP stock has decreased by -8.82% in the last month. The company shares reached their 1-month lowest point of $44.41 on 09/23/22. With the stock rallying to its 52-week high on 06/08/22, shares of the company touched a low of $44.77 and a high of $59.38 in 52 weeks. It has reached a new high 29 times so far this year and lost -0.45% or -$2.12 in price. In spite of this, the price is down -25.13% from the 52-week high.

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Valuation Metrics

TC Energy Corporation (TRP) has a trailing price-to-earnings (P/E) ratio of 19.17. The stock’s beta is 0.75. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 4.41, the price-to-book (PB) ratio at 2.00.

The company has a payout ratio of 146.20%. The company’s most recent quarterly dividend payment was $0.6990 a share, representing a down of -2.92% from $0.72 last year. Its latest decrease dividend $0.0210 reported on Thursday July 28 2022.

Financial Health

The quick ratio of TC Energy Corporation for the three months ended June 29 was 0.60, and the current ratio was 0.60, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.66 and a total debt to equity ratio of 1.89 for the quarter ending June 29. Its gross profit as reported stood at $3.21 billion compared to revenue of $10.68 billion.

Earnings Surprise

For the three-month period that ended June 29, TC Energy Corporation had $6.6 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $3.05 billion in the quarter, while revenues were grew 1.6%. The analyst consensus anticipated TC Energy Corporation’s latest quarter earnings to come in at $0.74 per share, but it turned out to be $0.74, a 0.00% surprise. For the quarter, EBITDA amounted to $1.81 billion.

Technical Picture

From a technical analysis perspective, let’s take a brief look at TC Energy Corporation (TRP) price momentum. RSI 9-day as of the close on 22 September was 24.29%, suggesting the stock is oversold, with historical volatility in this time frame at 22.72%.

As of today, TRP’s price is $46.41 -5.47% or -$2.57 from its 5-day moving average. TRP is currently trading -12.90% lower than its 20-day SMA and -16.16% lower than its 100-day SMA. However, the stock’s current price level is -12.14% below the SMA50 and -5.79% below the SMA200.

The stochastic %K and %D were 5.59% and 14.41%, respectively, and the average true range (ATR) was 1.15. With the 14-day stochastic at 0.19% and the average true range at 1.13, the RSI (14) stands at 29.73%. The stock has reached -1.25 on the 9-day MACD Oscillator while the 14-day reading was at -1.63.

Analyst Ratings

CIBC upgraded TC Energy Corporation (NYSE: TRP) to a a Sector outperform rating in its most recent analyst report. Previously, the stock was rated as a Neutral. The consensus rating for TC Energy Corporation (TRP) among analysts is Hold. According to current brokerage recommendations, 3 brokerage firms advise that investors sell TRP, while 12 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 6 others rate it as a “buy”.

What is TRP’s price target for the next 12 months?

Analysts predict a range of price targets between $40.24 and $60.49, with a median target of $52.41. Taking a look at these predictions, the average price target given by analysts for TC Energy Corporation (TRP) stock is $53.17.


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