TC Energy (TRP) Expected to Announce Earnings on Friday

TC Energy (NYSE:TRP) (TSE:TRP) is expected to release its earnings data before the market opens on Friday, February 14th. Analysts expect TC Energy to post earnings of $0.51 per share and revenue of $2.53 billion for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

TC Energy Trading Up 0.1 %

NYSE TRP opened at $47.25 on Wednesday. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.23 and a current ratio of 1.31. TC Energy has a one year low of $31.83 and a one year high of $50.37. The company has a 50-day simple moving average of $46.75 and a 200-day simple moving average of $46.44. The firm has a market capitalization of $49.10 billion, a PE ratio of 13.09, a price-to-earnings-growth ratio of 4.45 and a beta of 0.81.

Analysts Set New Price Targets

TRP has been the subject of several recent research reports. StockNews.com began coverage on TC Energy in a report on Wednesday, December 4th. They set a “hold” rating for the company. Morgan Stanley raised TC Energy from an “underweight” rating to an “overweight” rating in a research report on Friday, October 25th. TD Securities started coverage on shares of TC Energy in a report on Wednesday, January 15th. They set a “buy” rating for the company. The Goldman Sachs Group increased their price objective on shares of TC Energy from $38.00 to $42.00 and gave the stock a “sell” rating in a report on Monday, October 21st. Finally, BMO Capital Markets lifted their price objective on shares of TC Energy from $66.00 to $70.00 and gave the company a “market perform” rating in a research report on Wednesday, November 20th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat, TC Energy has a consensus rating of “Hold” and a consensus target price of $56.00.

TC Energy Company Profile

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.