Insider Buying: TC Energy Co. (TSE:TRP) Director Acquires 600 Shares of Stock

TC Energy Co. (TSE:TRP) (NYSE:TRP) Director Joshua Gibbon purchased 600 shares of the business’s stock in a transaction dated Wednesday, March 19th. The shares were purchased at an average cost of C$69.15 per share, with a total value of C$41,492.88.

TC Energy Trading Down 1.3 %

Shares of TRP opened at C$69.50 on Friday. The stock has a fifty day moving average price of C$66.49 and a two-hundred day moving average price of C$65.84. The company has a debt-to-equity ratio of 237.62, a quick ratio of 0.40 and a current ratio of 1.31. TC Energy Co. has a 52-week low of C$43.83 and a 52-week high of C$70.61. The company has a market cap of C$71.67 billion, a price-to-earnings ratio of 13.82, a PEG ratio of 1.69 and a beta of 0.82.

Wall Street Analysts Forecast Growth

TRP has been the subject of a number of recent research reports. BMO Capital Markets lifted their price objective on TC Energy from C$70.00 to C$73.00 in a research report on Friday, November 29th. CIBC lifted their price objective on TC Energy from C$68.00 to C$70.00 and gave the company a “neutral” rating in a research note on Thursday, January 9th. Jefferies Financial Group boosted their price target on TC Energy from C$65.00 to C$71.00 in a research report on Thursday, January 30th. US Capital Advisors raised TC Energy from a “hold” rating to a “moderate buy” rating in a research report on Monday, February 3rd. Finally, TD Securities set a C$73.00 target price on TC Energy and gave the company a “buy” rating in a research report on Wednesday, January 15th. Six investment analysts have rated the stock with a hold rating, five have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$73.25.

About TC Energy

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.