TC Energy (TSE:TRP) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

TC Energy Co. (TSE:TRP) (NYSE:TRP)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$70.03 and traded as high as C$76.89. TC Energy shares last traded at C$75.98, with a volume of 2,246,328 shares trading hands.

Analysts Set New Price Targets

A number of research firms have weighed in on TRP. Cibc World Mkts cut TC Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 9th. Scotiabank increased their price objective on TC Energy from C$77.00 to C$80.00 and gave the company an “outperform” rating in a report on Monday, October 20th. CIBC upgraded TC Energy from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from C$77.00 to C$78.00 in a research note on Friday, November 7th. Royal Bank Of Canada upped their price target on TC Energy from C$74.00 to C$84.00 in a report on Friday, November 7th. Finally, National Bankshares increased their price target on shares of TC Energy from C$75.00 to C$76.00 and gave the company an “outperform” rating in a research note on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$78.20.

TC Energy Trading Down 0.7%

The company has a quick ratio of 0.40, a current ratio of 1.31 and a debt-to-equity ratio of 237.62. The company’s fifty day moving average price is C$73.58 and its two-hundred day moving average price is C$70.03. The firm has a market cap of C$79.10 billion, a PE ratio of 23.24, a P/E/G ratio of 1.69 and a beta of 0.83.

TC Energy (TSE:TRP) (NYSE:TRP) last announced its quarterly earnings data on Thursday, November 6th. The company reported C$0.58 EPS for the quarter. TC Energy had a net margin of 32.39% and a return on equity of 17.25%. The firm had revenue of C$3.70 billion during the quarter. As a group, sell-side analysts forecast that TC Energy Co. will post 3.5490515 earnings per share for the current fiscal year.

TC Energy Company Profile

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.